Truist Financial Corp reduced its position in Yum! Brands, Inc. (NYSE: YUM – Get Rating) by 4.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund held 144,914 shares of the restaurateur after selling 7,361 shares during the period. Truist Financial Corp’s holdings in Yum! The marks were worth $17,177,000 at the end of the most recent reporting period.
A number of other large investors have also recently increased or reduced their stakes in YUM. CVA Family Office LLC acquired a new position in Yum! Marks in the fourth quarter worth approximately $27,000. EverSource Wealth Advisors LLC acquired a new position in Yum! Marks in the fourth quarter worth approximately $31,000. Cornerstone Advisory LLC acquired a new position in Yum! Marks in the fourth quarter worth approximately $31,000. Riverview Trust Co acquired a new position in Yum! Marks in the first quarter worth approximately $31,000. Finally, Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in Yum! Marks in the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 79.23% of the company’s shares.
YUM shares opened at $117.28 on Friday. The stock has a market capitalization of $33.44 billion, a P/E ratio of 21.28, a price-to-earnings growth ratio of 2.17 and a beta of 1.02. Yum! Brands, Inc. has a 1-year low of $108.37 and a 1-year high of $139.85. The stock has a fifty-day moving average price of $114.65 and a 200-day moving average price of $120.56.
Yum! Brands (NYSE:YUM – Get Rating) last released its results on Wednesday, May 4. The restaurateur reported EPS of $1.05 for the quarter, missing the consensus estimate of $1.07 per ($0.02). The company posted revenue of $1.55 billion in the quarter, versus a consensus estimate of $1.59 billion. Yum! The brands had a negative return on equity of 16.34% and a net margin of 24.80%. The company’s revenue for the quarter increased by 4.1% compared to the same quarter last year. During the same period last year, the company earned earnings per share of $1.07. Research analysts predict that Yum! Brands, Inc. will post EPS of 4.63 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 10. Shareholders of record on Monday, May 30 received a dividend of $0.57 per share. The ex-dividend date was Thursday, May 26. This represents an annualized dividend of $2.28 and a yield of 1.94%. Yum! Brands’ dividend payout ratio is currently 41.38%.
YUM has been the subject of several analyst reports. Credit Suisse Group lowered its price target on Yum! Marks $137.00 to $130.00 in a Thursday, May 5 report. Citigroup lowered its price target on Yum! Marks $156.00 to $148.00 in a Thursday, May 5 report. BMO Capital Markets lowered its price target on Yum! Marks from $140.00 to $130.00 in a Thursday, May 5 report. Deutsche Bank Aktiengesellschaft lowered its price target on Yum! Marks $142.00 to $136.00 in a Thursday, May 5 report. Finally, Morgan Stanley lowered its price target on Yum! The marks $150.00 to $146.00 and set an “overweight” rating on the stock in a Thursday, April 14 report. Seven equity research analysts gave the stock a hold rating and ten gave the company a buy rating. According to MarketBeat, the stock currently has a consensus rating of “moderate buy” and an average target price of $138.47.
About Yum! Brands (Get an evaluation)
YUM! Brands, Inc., together with its subsidiaries, develops, operates and franchises quick service restaurants worldwide. It operates through four segments: KFC Division, Taco Bell Division, Pizza Hut Division and Habit Burger Grill Division. The Company operates restaurants under the KFC, Pizza Hut, Taco Bell and The Habit Burger Grill brands, which specialize in chicken, pizza, grilled-to-order burgers, sandwiches, Mexican-style food categories and diners. other food products.
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