Transcend Capital Advisors LLC Has $578,000 Stock Holdings in Yum! Brands, Inc. $YUM

Transcend Capital Advisors LLC trimmed its stake in Yum! Brands, Inc. (NYSE:YUM) by 2.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,899 shares of the restaurant operator’s stock after selling 115 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Yum! Brands were worth $578,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in YUM. Manchester Capital Management LLC lifted its stake in shares of Yum! Brands by 78.0% in the first quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 71 shares in the last quarter. Greykasell Wealth Strategies Inc. bought a new position in shares of Yum! Brands in the first quarter valued at $25,000. HFM Investment Advisors LLC bought a new position in shares of Yum! Brands in the first quarter valued at $25,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Yum! Brands in the second quarter valued at $29,000. Finally, Wayfinding Financial LLC bought a new position in shares of Yum! Brands in the first quarter valued at $32,000. 82.37% of the stock is owned by institutional investors.

Yum! Brands Stock Down 1.3%

YUM opened at $141.17 on Wednesday. The company has a market capitalization of $39.18 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 2.14 and a beta of 0.72. The firm has a 50-day moving average price of $147.00 and a 200-day moving average price of $146.25. Yum! Brands, Inc. has a twelve month low of $122.13 and a twelve month high of $163.30.

Yum! Brands (NYSE:YUM) last posted its earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.02). The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%.Yum! Brands’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.35 EPS. On average, sell-side analysts expect 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 was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were paid a $0.71 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.84 annualized dividend and a dividend yield of 2.0%. Yum! Brands’s dividend payout ratio (DPR) is presently 56.02%.

Insider Buying and Selling at Yum! Brands

In other news, CEO Scott Mezvinsky sold 275 shares of Yum! Brands stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $152.59, for a total value of $41,962.25. Following the completion of the transaction, the chief executive officer owned 1,755 shares in the company, valued at $267,795.45. This trade represents a 13.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 that occurred on 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 transaction, the chief executive officer directly owned 102,893 shares of the company’s stock, valued at approximately $15,413,371.40. This represents a 6.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 29,078 shares of company stock worth $4,304,785 over the last three months. Company insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on YUM. Guggenheim dropped their price objective on shares of Yum! Brands from $167.00 to $160.00 and set a “buy” rating on the stock in a research note on Tuesday. TD Cowen dropped their price target on shares of Yum! Brands from $158.00 to $156.00 and set a “hold” rating on the stock in a research report on Tuesday, August 5th. Royal Bank Of Canada initiated coverage on shares of Yum! Brands in a research report on Wednesday, October 8th. They set a “sector perform” rating and a $165.00 price target on the stock. Citigroup lifted their price objective on shares of Yum! Brands from $156.00 to $158.00 and gave the stock a “neutral” rating in a research report on Monday, October 20th. Finally, Sanford C. Bernstein set a $164.00 price objective on shares of Yum! Brands in a research report on Tuesday, August 5th. Eleven equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat, Yum! Brands presently has a consensus rating of “Hold” and a consensus price target of $162.82.

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.