Itau Unibanco Holding S.A. Acquires Shares of 1,484 Yum! Brands, Inc. (NYSE:YUM)

Itau Unibanco Holding S.A. bought a new position in shares of Yum! Brands, Inc. (NYSE:YUM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,484 shares of the restaurant operator’s stock, valued at approximately $197,000.

Other institutional investors have also recently made changes to their positions in the company. 9258 Wealth Management LLC purchased a new position in Yum! Brands during the fourth quarter valued at $205,000. Jump Financial LLC bought a new stake in Yum! Brands during the fourth quarter worth about $272,000. Quest Partners LLC purchased a new stake in Yum! Brands in the fourth quarter worth about $207,000. US Bancorp DE increased its stake in shares of Yum! Brands by 1.5% during the fourth quarter. US Bancorp DE now owns 115,700 shares of the restaurant operator’s stock valued at $15,117,000 after purchasing an additional 1,677 shares in the last quarter. Finally, Team Hewins LLC purchased a new position in shares of Yum! Brands during the fourth quarter valued at approximately $213,000. Institutional investors own 82.37% of the company’s stock.

Insiders Place Their Bets

In other Yum! Brands news, CEO David W. Gibbs sold 6,961 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $131.02, for a total transaction of $912,030.22. Following the completion of the transaction, the chief executive officer now owns 162,381 shares of the company’s stock, valued at approximately $21,275,158.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $134.43, for a total value of $941,682.15. Following the sale, the chief executive officer now owns 155,883 shares of the company’s stock, valued at approximately $20,955,351.69. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David W. Gibbs sold 6,961 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $131.02, for a total value of $912,030.22. Following the sale, the chief executive officer now directly owns 162,381 shares in the company, valued at $21,275,158.62. The disclosure for this sale can be found here. Insiders have sold a total of 101,629 shares of company stock worth $13,888,443 in the last 90 days. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on YUM shares. Stifel Nicolaus reduced their price objective on Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft raised their price target on Yum! Brands from $143.00 to $147.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Evercore ISI cut shares of Yum! Brands from an “outperform” rating to an “inline” rating and dropped their price target for the stock from $160.00 to $145.00 in a research note on Tuesday, July 16th. The Goldman Sachs Group began coverage on shares of Yum! Brands in a research note on Thursday, June 13th. They set a “neutral” rating and a $150.00 price objective for the company. Finally, TD Cowen reiterated a “buy” rating and issued a $156.00 target price on shares of Yum! Brands in a research note on Thursday, September 12th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $145.25.

Yum! Brands Stock Down 1.1 %

NYSE:YUM opened at $129.71 on Monday. The business’s 50-day simple moving average is $133.29 and its two-hundred day simple moving average is $135.50. Yum! Brands, Inc. has a 52 week low of $115.53 and a 52 week high of $143.20. The stock has a market cap of $36.53 billion, a PE ratio of 23.00, a P/E/G ratio of 2.06 and a beta of 1.08.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.02. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Yum! Brands had a negative return on equity of 18.90% and a net margin of 21.96%. During the same period in the prior year, the company posted $1.41 EPS. Sell-side analysts anticipate that Yum! Brands, Inc. will post 5.62 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were issued a $0.67 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $2.68 dividend on an annualized basis and a yield of 2.07%. Yum! Brands’s dividend payout ratio is currently 47.52%.

About Yum! Brands

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.