Gables Capital Management Inc. Sells 400 Shares of Yum! Brands, Inc. $YUM

Gables Capital Management Inc. decreased its stake in Yum! Brands, Inc. (NYSE:YUM) by 15.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,218 shares of the restaurant operator’s stock after selling 400 shares during the period. Gables Capital Management Inc.’s holdings in Yum! Brands were worth $329,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in YUM. Principal Financial Group Inc. increased its stake in shares of Yum! Brands by 1.9% in the first quarter. Principal Financial Group Inc. now owns 353,103 shares of the restaurant operator’s stock worth $55,564,000 after purchasing an additional 6,673 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Yum! Brands by 1.2% in the first quarter. Envestnet Asset Management Inc. now owns 256,961 shares of the restaurant operator’s stock worth $40,435,000 after purchasing an additional 3,172 shares in the last quarter. Dakota Wealth Management purchased a new position in shares of Yum! Brands in the first quarter worth about $1,172,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Yum! Brands by 11.5% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 498,597 shares of the restaurant operator’s stock worth $78,459,000 after purchasing an additional 51,419 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in shares of Yum! Brands by 5.3% in the first quarter. Asset Management One Co. Ltd. now owns 134,710 shares of the restaurant operator’s stock worth $21,198,000 after purchasing an additional 6,793 shares in the last quarter. Institutional investors own 82.37% of the company’s stock.

Yum! Brands Trading Up 0.3%

Shares of NYSE:YUM opened at $148.64 on Wednesday. The company has a 50 day moving average of $147.41 and a 200 day moving average of $146.23. The stock has a market cap of $41.25 billion, a P/E ratio of 29.32, a P/E/G ratio of 2.30 and a beta of 0.72. Yum! Brands, Inc. has a 12 month low of $122.13 and a 12 month high of $163.30.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Tuesday, August 5th. The restaurant operator reported $1.44 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the firm posted $1.35 EPS. Yum! Brands’s revenue was up 9.6% on a year-over-year basis. On average, equities analysts forecast that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

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

Insider Activity at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,176 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $149.80, for a total value of $1,074,964.80. Following the completion of the transaction, the chief executive officer owned 102,893 shares of the company’s stock, valued at $15,413,371.40. The trade was a 6.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Tracy L. Skeans sold 12,220 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $148.24, for a total transaction of $1,811,492.80. The disclosure for this sale can be found here. Insiders sold 29,078 shares of company stock worth $4,304,785 in the last 90 days. 0.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

YUM has been the subject of several recent research reports. Evercore ISI reduced their target price on shares of Yum! Brands from $170.00 to $165.00 and set an “in-line” rating for the company in a research note on Wednesday, August 6th. Melius initiated coverage on shares of Yum! Brands in a research note on Monday, July 14th. They issued a “buy” rating and a $200.00 target price for the company. Piper Sandler lifted their target price on shares of Yum! Brands from $155.00 to $157.00 and gave the stock a “neutral” rating in a research note on Thursday, October 2nd. Guggenheim reaffirmed a “buy” rating and set a $167.00 price objective (up previously from $165.00) on shares of Yum! Brands in a research note on Monday, August 4th. Finally, Sanford C. Bernstein set a $164.00 price objective on shares of Yum! Brands in a research note on Tuesday, August 5th. Eleven investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, Yum! Brands has an average rating of “Hold” and an average target price of $163.18.

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.