Camden National Bank Buys Shares of 2,000 Yum! Brands, Inc. (NYSE:YUM)

Camden National Bank bought a new stake in shares of Yum! Brands, Inc. (NYSE:YUM) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 2,000 shares of the restaurant operator’s stock, valued at approximately $227,000.

Other institutional investors have also modified their holdings of the company. Boston Financial Mangement LLC increased its position in shares of Yum! Brands by 3.3% in the 2nd quarter. Boston Financial Mangement LLC now owns 3,140 shares of the restaurant operator’s stock valued at $348,000 after buying an additional 100 shares in the last quarter. JNBA Financial Advisors boosted its stake in shares of Yum! Brands by 21.6% during the 2nd quarter. JNBA Financial Advisors now owns 562 shares of the restaurant operator’s stock worth $62,000 after buying an additional 100 shares during the last quarter. Rathbone Brothers plc boosted its stake in shares of Yum! Brands by 4.3% during the 2nd quarter. Rathbone Brothers plc now owns 2,450 shares of the restaurant operator’s stock worth $271,000 after buying an additional 100 shares during the last quarter. Beck Mack & Oliver LLC boosted its stake in shares of Yum! Brands by 0.6% during the 2nd quarter. Beck Mack & Oliver LLC now owns 15,957 shares of the restaurant operator’s stock worth $1,766,000 after buying an additional 100 shares during the last quarter. Finally, Beaumont Financial Partners LLC boosted its stake in shares of Yum! Brands by 4.1% during the 2nd quarter. Beaumont Financial Partners LLC now owns 2,550 shares of the restaurant operator’s stock worth $282,000 after buying an additional 101 shares during the last quarter. Institutional investors own 75.26% of the company’s stock.

A number of equities analysts have recently commented on YUM shares. Citigroup set a $138.00 price objective on shares of Yum! Brands and gave the stock a “hold” rating in a research note on Monday, August 12th. BMO Capital Markets increased their price objective on shares of Yum! Brands to $112.00 and gave the stock a “market perform” rating in a research note on Friday, August 2nd. They noted that the move was a valuation call. Longbow Research downgraded shares of Yum! Brands from a “neutral” rating to an “underperform” rating and set a $91.00 price objective for the company. in a research note on Monday, July 1st. Edward Jones downgraded shares of Yum! Brands from a “buy” rating to a “hold” rating in a research note on Monday, July 1st. Finally, MKM Partners started coverage on shares of Yum! Brands in a research note on Tuesday, August 13th. They set a “neutral” rating and a $125.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $110.65.

Yum! Brands stock traded up $0.11 during trading hours on Friday, hitting $114.44. The company had a trading volume of 114,986 shares, compared to its average volume of 1,777,706. The firm has a market cap of $34.26 billion, a PE ratio of 36.26, a PEG ratio of 2.37 and a beta of 0.50. Yum! Brands, Inc. has a one year low of $84.53 and a one year high of $119.72. The firm has a 50-day moving average of $114.73 and a 200 day moving average of $108.95.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.06. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Yum! Brands had a net margin of 24.29% and a negative return on equity of 13.02%. The business’s revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 EPS. Equities analysts expect that Yum! Brands, Inc. will post 3.87 earnings per share for the current year.

In other Yum! Brands news, President David W. Gibbs sold 1,578 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $110.48, for a total value of $174,337.44. Following the transaction, the president now directly owns 42,928 shares of the company’s stock, valued at approximately $4,742,685.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Greg Creed sold 11,389 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $116.93, for a total transaction of $1,331,715.77. Following the completion of the transaction, the chief executive officer now directly owns 25,004 shares in the company, valued at $2,923,717.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,953 shares of company stock worth $2,653,229. Insiders own 0.67% of the company’s stock.

Yum! Brands Profile

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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