CIBC Asset Management Inc Has $22.09 Million Stock Holdings in Yum! Brands, Inc. $YUM

CIBC Asset Management Inc lifted its holdings in Yum! Brands, Inc. (NYSE:YUM) by 23.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 146,138 shares of the restaurant operator’s stock after purchasing an additional 27,461 shares during the quarter. CIBC Asset Management Inc’s holdings in Yum! Brands were worth $22,094,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in YUM. Wiser Advisor Group LLC bought a new position in shares of Yum! Brands in the third quarter worth about $28,000. Community Bank N.A. bought a new stake in shares of Yum! Brands during the third quarter valued at approximately $29,000. Westside Investment Management Inc. grew its stake in shares of Yum! Brands by 81.7% during the third quarter. Westside Investment Management Inc. now owns 198 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 89 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Yum! Brands in the fourth quarter valued at approximately $36,000. Finally, Torren Management LLC acquired a new stake in shares of Yum! Brands in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 82.37% of the company’s stock.

Insider Activity

In related news, CEO Scott Mezvinsky sold 277 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $160.48, for a total transaction of $44,452.96. Following the completion of the transaction, the chief executive officer owned 483 shares in the company, valued at approximately $77,511.84. The trade was a 36.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christopher Lee Turner sold 270 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $148.14, for a total transaction of $39,997.80. Following the completion of the sale, the chief executive officer directly owned 64,282 shares of the company’s stock, valued at $9,522,735.48. The trade was a 0.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,895 shares of company stock worth $906,499 over the last quarter. 0.14% of the stock is owned by insiders.

Yum! Brands Stock Down 0.3%

Shares of Yum! Brands stock opened at $148.03 on Friday. The business has a fifty day simple moving average of $155.49 and a 200 day simple moving average of $155.63. The stock has a market cap of $40.80 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 1.89 and a beta of 0.57. Yum! Brands, Inc. has a 12 month low of $137.33 and a 12 month high of $169.39.

Yum! Brands (NYSE:YUM) last released its earnings results on Wednesday, April 29th. The restaurant operator reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.11. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.04 billion. Yum! Brands had a negative return on equity of 23.51% and a net margin of 20.48%.The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.30 earnings per share. Analysts expect that Yum! Brands, Inc. will post 6.77 EPS for the current fiscal year.

Yum! Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Wednesday, May 27th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, May 27th. Yum! Brands’s dividend payout ratio (DPR) is currently 48.39%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on YUM. Evercore reaffirmed an “outperform” rating and set a $190.00 price objective on shares of Yum! Brands in a report on Friday, February 13th. Weiss Ratings downgraded Yum! Brands from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $165.00 price target on shares of Yum! Brands in a research note on Monday, April 20th. TD Cowen lowered their price objective on Yum! Brands from $186.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Finally, Barclays set a $185.00 target price on shares of Yum! Brands and gave the company an “overweight” rating in a research report on Thursday, February 5th. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $176.17.

Yum! Brands News Summary

Here are the key news stories impacting Yum! Brands this week:

• Positive Sentiment: Reports that Yum! Brands may sell Pizza Hut to LongRange Capital have fueled a “sum-of-the-parts” narrative, potentially improving valuation by letting Yum focus on its stronger brands and use proceeds to strengthen the balance sheet. Pizza Hut Sale: Yum Brands In Talks With LongRange Capital
• Positive Sentiment: Yum’s push to use AI and data science to forecast customer cravings across Taco Bell, KFC, Pizza Hut and Habit Burger & Grill highlights efforts to improve menu innovation and long-term growth. Exclusive: Inside Yum’s effort to predict what customers will crave next
• Neutral Sentiment: Yum! Brands COO Tracy Skeans announced plans to retire after 25 years, but the company says she will stay on as an advisor through year-end, suggesting an orderly transition. Yum Brands COO to retire after 25 years
• Neutral Sentiment: Yum! Brands also drew attention after a strong trading session and continued analyst support following its recent earnings beat, which showed better-than-expected EPS and revenue growth. Yum! Brands Inc. stock outperforms competitors on strong trading day
• Negative Sentiment: CEO Scott Mezvinsky’s recent insider share sale under a pre-arranged trading plan may weigh slightly on sentiment, even though the transaction was routine. Yum! Brands Keeps Growing. Why the Stock Price Will Follow.

Yum! Brands Company Profile

Yum! Brands, Inc (NYSE: YUM) is a global quick-service restaurant company that develops, operates and franchises a portfolio of well-known restaurant brands. The company’s principal brands are KFC, Pizza Hut and Taco Bell, each focused on distinct product categories—KFC on fried chicken and related menu items, Pizza Hut on pizza and complementary offerings, and Taco Bell on Mexican-inspired quick-service food. Yum! is headquartered in Louisville, Kentucky and was formed as Tricon Global Restaurants in 1997 when PepsiCo spun off its restaurant businesses, later adopting the Yum! Brands name.

The company’s operating model centers on brand development, system growth and franchising; a large portion of its restaurants are operated by independent franchisees, and Yum! generates revenue through franchise royalties and fees in addition to sales from company-operated locations.