Deseret Mutual Benefit Administrators Has $270,000 Stake in Yum! Brands, Inc. (NYSE:YUM)

Deseret Mutual Benefit Administrators trimmed its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 5.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,936 shares of the restaurant operator’s stock after selling 113 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Yum! Brands were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Manchester Capital Management LLC increased its stake in Yum! Brands by 165.7% in the 1st quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 116 shares during the period. Crewe Advisors LLC acquired a new stake in shares of Yum! Brands during the 1st quarter valued at $28,000. DiNuzzo Private Wealth Inc. grew its holdings in shares of Yum! Brands by 957.1% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 201 shares in the last quarter. Meeder Asset Management Inc. increased its stake in shares of Yum! Brands by 43.6% in 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 during the last quarter. Finally, Kimelman & Baird LLC purchased a new stake in shares of Yum! Brands during the second quarter worth $37,000. 82.37% of the stock is owned by hedge funds and other institutional investors.

Yum! Brands Stock Down 0.1 %

Shares of NYSE YUM opened at $134.26 on Thursday. Yum! Brands, Inc. has a 12 month low of $123.60 and a 12 month high of $143.20. The company has a market cap of $37.75 billion, a P/E ratio of 25.12, a P/E/G ratio of 2.09 and a beta of 1.10. The business’s 50 day moving average is $134.23 and its two-hundred day moving average is $134.81.

Yum! Brands (NYSE:YUM) last announced its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). Yum! Brands had a negative return on equity of 18.90% and a net margin of 21.96%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same period last year, the firm posted $1.44 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. Sell-side analysts expect that Yum! Brands, Inc. will post 5.59 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The company 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 of this dividend was Tuesday, August 27th. This represents a $2.68 annualized dividend and a yield of 2.00%. Yum! Brands’s dividend payout ratio (DPR) is 50.09%.

Analyst Ratings Changes

A number of brokerages have commented on YUM. TD Cowen restated a “hold” rating and issued a $145.00 target price on shares of Yum! Brands in a research note on Wednesday. Robert W. Baird boosted their price target on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Stifel Nicolaus cut their price objective on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. JPMorgan Chase & Co. boosted their target price on shares of Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, Bank of America cut their price target on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $145.94.

Insider Buying and Selling

In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of the business’s stock in a transaction on Monday, September 16th. The shares were 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 $20,955,351.69. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Yum! Brands news, Director Weir Mirian M. Graddick sold 1,309 shares of Yum! Brands stock in a transaction on Monday, August 19th. The stock was sold at an average price of $137.40, for a total transaction of $179,856.60. Following the completion of the transaction, the director now directly owns 1,233 shares of the company’s stock, valued at approximately $169,414.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David W. Gibbs sold 7,005 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $134.43, for a total transaction of $941,682.15. Following the sale, the chief executive officer now owns 155,883 shares of the company’s stock, valued at $20,955,351.69. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,622 shares of company stock valued at $4,172,740 over the last ninety days. 0.31% of the stock is owned by company insiders.

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.