Kathmere Capital Management LLC Has $379,000 Stake in Yum! Brands, Inc. (NYSE:YUM)

Kathmere Capital Management LLC increased its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 52.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,737 shares of the restaurant operator’s stock after acquiring an additional 936 shares during the period. Kathmere Capital Management LLC’s holdings in Yum! Brands were worth $379,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Naples Money Management LLC bought a new stake in shares of Yum! Brands during the fourth quarter worth $26,000. Bfsg LLC acquired a new stake in Yum! Brands in the 4th quarter valued at about $26,000. Fortitude Family Office LLC bought a new position in shares of Yum! Brands in the fourth quarter worth about $27,000. Bruce G. Allen Investments LLC acquired a new position in shares of Yum! Brands during the fourth quarter worth approximately $34,000. Finally, Creekmur Asset Management LLC acquired a new stake in shares of Yum! Brands in the fourth quarter valued at approximately $47,000. 82.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. BMO Capital Markets upped their price objective on Yum! Brands from $133.00 to $135.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Citigroup cut their target price on shares of Yum! Brands from $166.00 to $162.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Barclays lifted their price target on shares of Yum! Brands from $144.00 to $148.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Argus reaffirmed a “hold” rating on shares of Yum! Brands in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. upped their target price on shares of Yum! Brands from $132.00 to $140.00 and gave the company a “neutral” rating in a research report on Monday, June 3rd. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $144.33.

Insider Transactions at Yum! Brands

In related news, CEO David W. Gibbs sold 7,078 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $138.37, for a total value of $979,382.86. Following the completion of the transaction, the chief executive officer now owns 172,128 shares of the company’s stock, valued at $23,817,351.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Scott Catlett sold 5,994 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $141.50, for a total transaction of $848,151.00. Following the sale, the insider now owns 34,889 shares in the company, valued at approximately $4,936,793.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David W. Gibbs sold 7,078 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $138.37, for a total transaction of $979,382.86. Following the completion of the transaction, the chief executive officer now directly owns 172,128 shares of the company’s stock, valued at $23,817,351.36. The disclosure for this sale can be found here. Insiders sold 33,515 shares of company stock valued at $4,620,080 in the last ninety days. 0.31% of the stock is currently owned by corporate insiders.

Yum! Brands Stock Down 0.1 %

Shares of NYSE:YUM opened at $132.46 on Friday. The firm has a market cap of $37.30 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 2.14 and a beta of 1.08. Yum! Brands, Inc. has a 12 month low of $115.53 and a 12 month high of $143.20. The company’s fifty day simple moving average is $137.51 and its 200 day simple moving average is $135.07.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.05). The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.71 billion. Yum! Brands had a net margin of 22.92% and a negative return on equity of 18.64%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.06 EPS. Research analysts expect that Yum! Brands, Inc. will post 5.64 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Tuesday, May 28th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Friday, May 24th. Yum! Brands’s dividend payout ratio (DPR) is currently 47.52%.

Yum! Brands declared that its Board of Directors has approved a share repurchase plan on Wednesday, May 15th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the restaurant operator to buy up to 5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Yum! Brands Profile

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division segments. It also operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.