Yum! Brands, Inc. $YUM Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp reduced its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 117,893 shares of the restaurant operator’s stock after selling 2,277 shares during the quarter. Heritage Investors Management Corp’s holdings in Yum! Brands were worth $17,469,000 as of its most recent filing with the SEC.

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

Insiders Place Their Bets

In other news, CEO Scott Mezvinsky sold 275 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $152.59, for a total transaction of $41,962.25. Following the completion of the transaction, the chief executive officer directly owned 1,755 shares of the company’s stock, valued at approximately $267,795.45. This represents a 13.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Weir Mirian M. Graddick sold 2,038 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $145.30, for a total value of $296,121.40. Following the transaction, the director directly owned 1,233 shares of the company’s stock, valued at approximately $179,154.90. This trade represents a 62.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 29,078 shares of company stock valued at $4,304,785. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

YUM has been the subject of a number of research analyst reports. Sanford C. Bernstein set a $164.00 target price on Yum! Brands in a research report on Tuesday, August 5th. Melius initiated coverage on Yum! Brands in a research report on Monday, July 14th. They issued a “buy” rating and a $200.00 target price for the company. Piper Sandler increased their price objective on Yum! Brands from $155.00 to $157.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Guggenheim decreased their price objective on Yum! Brands from $167.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price objective on Yum! Brands from $162.00 to $160.00 and set an “overweight” rating for the company in a research report on Wednesday, August 6th. Eleven analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Yum! Brands presently has an average rating of “Hold” and an average target price of $162.82.

Yum! Brands Trading Down 1.4%

Yum! Brands stock opened at $139.05 on Thursday. The stock has a market capitalization of $38.59 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 2.11 and a beta of 0.72. The stock has a 50 day moving average of $146.80 and a two-hundred day moving average of $146.21. Yum! Brands, Inc. has a twelve month low of $122.13 and a twelve month high of $163.30.

Yum! Brands (NYSE:YUM) last issued its earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.02). The business had revenue of $1.93 billion for 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%.The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the company posted $1.35 earnings per share. Equities analysts predict that Yum! Brands, Inc. will post 5.94 earnings per share 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 paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, September 2nd. Yum! Brands’s dividend payout ratio is 56.02%.

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.