Burney Co. Has $11.95 Million Stock Holdings in Yum! Brands, Inc. $YUM

Burney Co. raised its stake in Yum! Brands, Inc. (NYSE:YUM) by 943.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 80,662 shares of the restaurant operator’s stock after buying an additional 72,932 shares during the quarter. Burney Co.’s holdings in Yum! Brands were worth $11,953,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Sigma Planning Corp increased its stake in Yum! Brands by 5.2% in the 2nd quarter. Sigma Planning Corp now owns 2,574 shares of the restaurant operator’s stock valued at $381,000 after buying an additional 127 shares during the period. Wakefield Asset Management LLLP acquired a new position in Yum! Brands in the 2nd quarter valued at approximately $401,000. iA Global Asset Management Inc. acquired a new position in Yum! Brands in the 2nd quarter valued at approximately $2,128,000. TIAA Trust National Association increased its stake in Yum! Brands by 1.1% in the 2nd quarter. TIAA Trust National Association now owns 9,984 shares of the restaurant operator’s stock valued at $1,479,000 after buying an additional 107 shares during the period. Finally, Plato Investment Management Ltd lifted its holdings in shares of Yum! Brands by 2,631.3% during the 2nd quarter. Plato Investment Management Ltd now owns 6,200 shares of the restaurant operator’s stock valued at $915,000 after buying an additional 5,973 shares during the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Yum! Brands Trading Down 0.8%

NYSE YUM opened at $138.01 on Monday. The company has a fifty day simple moving average of $146.43 and a 200 day simple moving average of $146.13. The company has a market cap of $38.30 billion, a P/E ratio of 27.22, a P/E/G ratio of 2.08 and a beta of 0.72. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Tuesday, August 5th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.02). The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.35 earnings per share. Equities research analysts forecast that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Yum! Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, September 2nd. Yum! Brands’s dividend payout ratio is currently 56.02%.

Insiders Place Their Bets

In other news, COO Tracy L. Skeans sold 12,220 shares of the company’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott Mezvinsky sold 275 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $152.59, for a total value of $41,962.25. Following the transaction, the chief executive officer owned 1,755 shares of the company’s stock, valued at approximately $267,795.45. This trade represents a 13.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 29,078 shares of company stock valued at $4,304,785 in the last three months. 0.33% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on YUM. 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 report on Tuesday, August 5th. Morgan Stanley set a $165.00 price target on shares of Yum! Brands in a research note on Tuesday, October 21st. Royal Bank Of Canada assumed coverage on shares of Yum! Brands in a research note on Wednesday, October 8th. They set a “sector perform” rating and a $165.00 price target on the stock. JPMorgan Chase & Co. dropped 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 note on Wednesday, August 6th. Finally, Barclays dropped their price target on shares of Yum! Brands from $164.00 to $163.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 22nd. Eleven analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $162.82.

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.