Yum! Brands, Inc. $YUM Shares Sold by Summit Financial LLC

Summit Financial LLC cut its position in Yum! Brands, Inc. (NYSE:YUM) by 11.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,700 shares of the restaurant operator’s stock after selling 365 shares during the period. Summit Financial LLC’s holdings in Yum! Brands were worth $425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC boosted its stake in shares of Yum! Brands by 1.1% in the fourth quarter. Integrated Wealth Concepts LLC now owns 6,605 shares of the restaurant operator’s stock worth $886,000 after acquiring an additional 71 shares during the last quarter. Manchester Capital Management LLC boosted its stake in Yum! Brands by 78.0% during the first quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock worth $25,000 after buying an additional 71 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in Yum! Brands by 0.8% during the first quarter. Valeo Financial Advisors LLC now owns 9,178 shares of the restaurant operator’s stock worth $1,444,000 after buying an additional 72 shares during the last quarter. Lakeshore Capital Group Inc. boosted its stake in Yum! Brands by 2.1% during the first quarter. Lakeshore Capital Group Inc. now owns 3,614 shares of the restaurant operator’s stock worth $569,000 after buying an additional 74 shares during the last quarter. Finally, PGIM Custom Harvest LLC boosted its stake in Yum! Brands by 4.3% during the first quarter. PGIM Custom Harvest LLC now owns 1,857 shares of the restaurant operator’s stock worth $292,000 after buying an additional 76 shares during the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Yum! Brands news, CEO David W. Gibbs sold 7,106 shares of Yum! Brands stock in a transaction on Friday, August 15th. The stock was sold at an average price of $146.84, for a total value of $1,043,445.04. Following the sale, the chief executive officer owned 102,893 shares in the company, valued at $15,108,808.12. The trade was a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Tracy L. Skeans sold 12,220 shares of Yum! Brands stock in a transaction on Friday, August 15th. The shares were sold at an average price of $148.24, for a total value of $1,811,492.80. The disclosure for this sale can be found here. Insiders have sold 29,284 shares of company stock worth $4,310,663 over the last ninety days. Company insiders own 0.33% of the company’s stock.

Yum! Brands Stock Down 0.2%

NYSE:YUM opened at $147.7230 on Monday. Yum! Brands, Inc. has a 52 week low of $122.13 and a 52 week high of $163.30. The company has a market capitalization of $41.00 billion, a P/E ratio of 29.14, a P/E/G ratio of 2.31 and a beta of 0.73. The stock’s fifty day moving average is $146.12 and its two-hundred day moving average is $148.19.

Yum! Brands (NYSE:YUM) last posted its 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). Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the firm earned $1.35 EPS. Yum! Brands’s revenue for the quarter was up 9.6% compared to the same quarter last year. Sell-side analysts anticipate that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be given a $0.71 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $2.84 dividend on an annualized basis and a yield of 1.9%. Yum! Brands’s payout ratio is currently 56.02%.

Wall Street Analyst Weigh In

YUM has been the topic of a number of recent research reports. Sanford C. Bernstein set a $164.00 price objective on Yum! Brands in a research note on Tuesday, August 5th. Oppenheimer reissued an “outperform” rating and set a $185.00 price objective on shares of Yum! Brands in a research note on Monday, April 28th. Morgan Stanley lowered their price objective on Yum! Brands from $153.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 6th. Melius initiated coverage on Yum! Brands in a research note on Monday, July 14th. They set a “buy” rating and a $200.00 price objective on the stock. Finally, TD Securities reissued a “hold” rating and set a $158.00 price objective on shares of Yum! Brands in a research note on Wednesday, April 30th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $161.23.

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.