Peapack Gladstone Financial Corp Acquires 21,117 Shares of Yum! Brands, Inc. (NYSE:YUM)

Peapack Gladstone Financial Corp grew its holdings in Yum! Brands, Inc. (NYSE:YUM) by 1,199.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,877 shares of the restaurant operator’s stock after acquiring an additional 21,117 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Yum! Brands were worth $3,195,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Safe Harbor Fiduciary LLC acquired a new position in shares of Yum! Brands in the 3rd quarter valued at approximately $29,000. DiNuzzo Private Wealth Inc. boosted its holdings in shares of Yum! Brands by 957.1% in the third quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 201 shares during the period. Meeder Asset Management Inc. increased its position in shares of Yum! Brands by 43.6% during the second quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 82 shares in the last quarter. Kimelman & Baird LLC acquired a new stake in shares of Yum! Brands during the second quarter worth $37,000. Finally, Horizons Wealth Management acquired a new stake in shares of Yum! Brands during the second quarter worth $38,000. Institutional investors and hedge funds own 82.37% of the company’s stock.

Yum! Brands Stock Down 1.2 %

YUM opened at $137.00 on Friday. Yum! Brands, Inc. has a 12-month low of $124.76 and a 12-month high of $143.20. The business has a 50 day moving average of $135.44 and a 200-day moving average of $134.49. The stock has a market cap of $38.23 billion, a price-to-earnings ratio of 25.61, a PEG ratio of 2.37 and a beta of 1.10.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.04). Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period in the prior year, the business earned $1.44 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, analysts expect that Yum! Brands, Inc. will post 5.47 earnings per share for the current year.

Yum! Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.96%. The ex-dividend date was Monday, December 2nd. Yum! Brands’s payout ratio is 50.09%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Loop Capital decreased their price objective on Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. JPMorgan Chase & Co. boosted their target price on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. TD Cowen reaffirmed a “hold” rating and set a $145.00 price target on shares of Yum! Brands in a research note on Wednesday, November 6th. Finally, Bank of America cut their price objective on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Yum! Brands currently has a consensus rating of “Hold” and an average target price of $145.94.

Insider Activity at Yum! Brands

In related news, CEO David W. Gibbs sold 7,005 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 155,883 shares in the company, valued at $20,955,351.69. The trade was a 4.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 21,069 shares of company stock worth $2,842,965. Insiders own 0.31% of the company’s stock.

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.