GLOBALT Investments LLC GA Has $866,000 Position in Yum! Brands, Inc. $YUM

GLOBALT Investments LLC GA cut its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 7.1% during the second quarter, Holdings Channel reports. The fund owned 5,846 shares of the restaurant operator’s stock after selling 449 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Yum! Brands were worth $866,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in YUM. Manchester Capital Management LLC increased its holdings 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 during the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in Yum! Brands in the 1st quarter valued at $25,000. HFM Investment Advisors LLC bought a new stake in Yum! Brands in the 1st quarter valued at $25,000. Oliver Lagore Vanvalin Investment Group bought a new stake in Yum! Brands in the 2nd quarter valued at $29,000. Finally, Wayfinding Financial LLC bought a new stake in Yum! Brands in the 1st quarter valued at $32,000. 82.37% of the stock is owned by institutional investors and hedge funds.

Yum! Brands Stock Performance

NYSE:YUM opened at $143.37 on Friday. The stock has a fifty day moving average price of $147.35 and a 200-day moving average price of $146.26. The company has a market cap of $39.79 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 2.27 and a beta of 0.72. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $163.30.

Yum! Brands (NYSE:YUM) last released 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). The company had revenue of $1.93 billion for 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 was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 earnings per share. Research analysts predict that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

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

Insiders Place Their Bets

In other news, COO Tracy L. Skeans sold 12,220 shares of the business’s stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David W. Gibbs sold 7,176 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $149.80, for a total value of $1,074,964.80. Following the transaction, the chief executive officer directly owned 102,893 shares of the company’s stock, valued at $15,413,371.40. This trade represents a 6.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,078 shares of company stock worth $4,304,785 over the last 90 days. Corporate insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

YUM has been the subject of several recent research reports. Guggenheim restated a “buy” rating and issued a $167.00 price target (up from $165.00) on shares of Yum! Brands in a research note on Monday, August 4th. Barclays reduced their price target on Yum! Brands from $164.00 to $163.00 and set an “overweight” rating for the company in a research note on Wednesday. TD Cowen reduced their price target on Yum! Brands from $158.00 to $156.00 and set a “hold” rating for the company in a research note on Tuesday, August 5th. Piper Sandler boosted their price target on Yum! Brands from $155.00 to $157.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Finally, Royal Bank Of Canada initiated coverage on Yum! Brands in a research note on Wednesday, October 8th. They issued a “sector perform” rating and a $165.00 price target for the company. Eleven analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $163.14.

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.