Cornerstone Wealth Management LLC Acquires 363 Shares of Yum! Brands, Inc. (NYSE:YUM)

Cornerstone Wealth Management LLC raised its holdings in Yum! Brands, Inc. (NYSE:YUM) by 20.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,128 shares of the restaurant operator’s stock after purchasing an additional 363 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Yum! Brands were worth $286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Los Angeles Capital Management LLC boosted its position in Yum! Brands by 5,077.1% during the third quarter. Los Angeles Capital Management LLC now owns 182,130 shares of the restaurant operator’s stock worth $25,445,000 after purchasing an additional 178,612 shares during the period. International Assets Investment Management LLC boosted its holdings in Yum! Brands by 14,151.9% in the 3rd quarter. International Assets Investment Management LLC now owns 148,220 shares of the restaurant operator’s stock worth $20,708,000 after buying an additional 147,180 shares during the period. Geode Capital Management LLC boosted its holdings in Yum! Brands by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 7,441,170 shares of the restaurant operator’s stock worth $1,038,775,000 after buying an additional 111,147 shares during the period. Legal & General Group Plc boosted its holdings in Yum! Brands by 3.4% in the 2nd quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock worth $419,123,000 after buying an additional 104,328 shares during the period. Finally, Markel Group Inc. boosted its holdings in Yum! Brands by 80.9% in the 3rd quarter. Markel Group Inc. now owns 156,502 shares of the restaurant operator’s stock worth $21,865,000 after buying an additional 70,000 shares during the period. Institutional investors own 82.37% of the company’s stock.

Insider Buying and Selling

In related news, CEO David W. Gibbs sold 3,815 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $137.06, for a total value of $522,883.90. Following the completion of the transaction, the chief executive officer now directly owns 149,385 shares of the company’s stock, valued at $20,474,708.10. This represents a 2.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on YUM shares. Bank of America cut their price target on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Loop Capital cut their target price on Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Sanford C. Bernstein lowered shares of Yum! Brands from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $140.00 to $135.00 in a research report on Wednesday, January 22nd. Argus upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Tuesday, December 31st. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Thirteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $144.89.

Yum! Brands Stock Performance

Shares of YUM stock opened at $128.31 on Monday. The stock has a 50 day moving average price of $132.96 and a two-hundred day moving average price of $133.56. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $143.20. The company has a market capitalization of $35.81 billion, a P/E ratio of 23.98, a PEG ratio of 2.02 and a beta of 1.11.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.90 billion. Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the company posted $1.44 earnings per share. As a group, equities analysts predict that Yum! Brands, Inc. will post 5.46 earnings per share for the current year.

Yum! Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.68 annualized dividend and a dividend yield of 2.09%. Yum! Brands’s dividend payout ratio (DPR) is presently 50.09%.

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.