Scissortail Wealth Management LLC Has $298,000 Stock Position in Yum! Brands, Inc. (NYSE:YUM)

Scissortail Wealth Management LLC lowered its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 6.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,896 shares of the restaurant operator’s stock after selling 140 shares during the quarter. Scissortail Wealth Management LLC’s holdings in Yum! Brands were worth $298,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Yum! Brands by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 34,109,219 shares of the restaurant operator’s stock valued at $5,367,427,000 after purchasing an additional 483,918 shares during the period. Northern Trust Corp grew its position in shares of Yum! Brands by 20.4% during the 4th quarter. Northern Trust Corp now owns 3,545,872 shares of the restaurant operator’s stock worth $475,714,000 after buying an additional 601,361 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Yum! Brands by 14.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,045,475 shares of the restaurant operator’s stock worth $274,421,000 after buying an additional 258,369 shares during the last quarter. TD Asset Management Inc raised its stake in shares of Yum! Brands by 1.4% during the first quarter. TD Asset Management Inc now owns 1,954,145 shares of the restaurant operator’s stock worth $307,504,000 after buying an additional 27,355 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Yum! Brands by 1.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,700,298 shares of the restaurant operator’s stock valued at $267,559,000 after buying an additional 23,008 shares during the period. Institutional investors and hedge funds own 82.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on YUM shares. Wells Fargo & Company lowered their target price on shares of Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating for the company in a report on Wednesday. Morgan Stanley reduced their price target on Yum! Brands from $153.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Wednesday. TD Cowen dropped their price objective on Yum! Brands from $158.00 to $156.00 and set a “hold” rating for the company in a report on Tuesday, August 5th. Citigroup increased their target price on Yum! Brands from $148.00 to $151.00 and gave the company a “neutral” rating in a research note on Tuesday, April 15th. Finally, Guggenheim restated a “buy” rating and set a $167.00 target price (up previously from $165.00) on shares of Yum! Brands in a report on Monday, August 4th. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $161.23.

Yum! Brands Trading Down 0.9%

YUM opened at $141.34 on Friday. The stock has a market capitalization of $39.29 billion, a P/E ratio of 27.88, a P/E/G ratio of 2.19 and a beta of 0.73. Yum! Brands, Inc. has a 12 month low of $122.13 and a 12 month high of $163.30. The firm’s fifty day simple moving average is $145.49 and its 200 day simple moving average is $146.98.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.02). The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.35 earnings per share. On average, equities research analysts predict that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Yum! Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Tuesday, May 27th were given a dividend of $0.71 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $2.84 dividend on an annualized basis and a yield of 2.0%. Yum! Brands’s dividend payout ratio is 56.02%.

Insider Buying and Selling

In related news, CEO Scott Mezvinsky sold 272 shares of the firm’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $148.28, for a total value of $40,332.16. Following the completion of the transaction, the chief executive officer owned 1,755 shares of the company’s stock, valued at approximately $260,231.40. This trade represents a 13.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David W. Gibbs sold 7,117 shares of Yum! Brands stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $146.60, for a total transaction of $1,043,352.20. Following the completion of the sale, the chief executive officer owned 102,893 shares in the company, valued at $15,084,113.80. The trade was a 6.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,983 shares of company stock valued at $2,187,764. Insiders own 0.33% of the company’s stock.

Yum! Brands Company Profile

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.