JGP Wealth Management LLC Has $427,000 Holdings in Yum! Brands, Inc. $YUM

JGP Wealth Management LLC grew its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 32.1% during the second quarter, HoldingsChannel.com reports. The firm owned 2,880 shares of the restaurant operator’s stock after acquiring an additional 700 shares during the quarter. JGP Wealth Management LLC’s holdings in Yum! Brands were worth $427,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Fortitude Family Office LLC grew its position in shares of Yum! Brands by 5.6% during the 2nd quarter. Fortitude Family Office LLC now owns 1,277 shares of the restaurant operator’s stock worth $189,000 after purchasing an additional 68 shares in the last quarter. Valmark Advisers Inc. boosted its position in shares of Yum! Brands by 3.7% during the 2nd quarter. Valmark Advisers Inc. now owns 1,915 shares of the restaurant operator’s stock worth $284,000 after acquiring an additional 69 shares in the last quarter. Manchester Capital Management LLC boosted its position in shares of Yum! Brands by 78.0% during the 1st quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 71 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Yum! Brands by 7.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,048 shares of the restaurant operator’s stock worth $165,000 after acquiring an additional 71 shares in the last quarter. Finally, Valeo Financial Advisors LLC boosted its position in shares of Yum! Brands by 0.8% during the 1st quarter. Valeo Financial Advisors LLC now owns 9,178 shares of the restaurant operator’s stock worth $1,444,000 after acquiring an additional 72 shares in the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Yum! Brands Stock Performance

Shares of NYSE:YUM opened at $143.98 on Wednesday. Yum! Brands, Inc. has a 52 week low of $122.13 and a 52 week high of $163.30. The firm’s fifty day moving average is $146.99 and its 200-day moving average is $146.60. The firm has a market cap of $39.96 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 2.18 and a beta of 0.72.

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

Yum! Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.71 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.84 annualized dividend and a dividend yield of 2.0%. Yum! Brands’s payout ratio is presently 56.02%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on YUM shares. JPMorgan Chase & Co. reduced their price target on shares of Yum! Brands from $162.00 to $160.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 6th. Piper Sandler increased their price target on shares of Yum! Brands from $155.00 to $157.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Barclays reiterated an “overweight” rating and set a $164.00 price target (down previously from $167.00) on shares of Yum! Brands in a research report on Tuesday, August 5th. Evercore ISI cut their target price on shares of Yum! Brands from $170.00 to $165.00 and set an “in-line” rating on the stock in a research report on Wednesday, August 6th. Finally, Wells Fargo & Company cut their target price on shares of Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 6th. Eleven analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Yum! Brands has a consensus rating of “Hold” and a consensus price target of $161.48.

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, COO Tracy L. Skeans sold 12,220 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $148.24, for a total value of $1,811,492.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David W. Gibbs sold 7,176 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $149.80, for a total transaction of $1,074,964.80. Following the completion of the transaction, the chief executive officer owned 102,893 shares in the company, valued at approximately $15,413,371.40. The trade was a 6.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,078 shares of company stock valued at $4,304,785. Insiders own 0.33% of the company’s stock.

Yum! Brands 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.