Anchor Capital Advisors LLC Has $41.57 Million Stock Position in Yum! Brands, Inc. $YUM

Anchor Capital Advisors LLC lifted its holdings in Yum! Brands, Inc. (NYSE:YUM) by 19.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 280,546 shares of the restaurant operator’s stock after acquiring an additional 45,060 shares during the quarter. Anchor Capital Advisors LLC owned approximately 0.10% of Yum! Brands worth $41,571,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. HFM Investment Advisors LLC acquired a new position in shares of Yum! Brands in the 1st quarter worth approximately $25,000. Greykasell Wealth Strategies Inc. acquired a new position in shares of Yum! Brands in the 1st quarter worth approximately $25,000. Manchester Capital Management LLC boosted its holdings 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 worth $25,000 after acquiring an additional 71 shares in the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Yum! Brands in the 2nd quarter worth approximately $29,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of Yum! Brands in the 1st quarter worth approximately $38,000. 82.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,176 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer owned 102,893 shares in the company, valued at approximately $15,413,371.40. The trade was a 6.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Weir Mirian M. Graddick sold 2,038 shares of the company’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $145.30, for a total transaction of $296,121.40. Following the sale, the director owned 1,233 shares of the company’s stock, valued at $179,154.90. The trade was a 62.31% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 30,084 shares of company stock worth $4,457,537. 0.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

YUM has been the topic of several recent analyst reports. Guggenheim reduced their target price on Yum! Brands from $167.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday, October 28th. TD Cowen boosted their price objective on shares of Yum! Brands from $156.00 to $162.00 and gave the stock a “hold” rating in a research report on Wednesday. Barclays boosted their price objective on shares of Yum! Brands from $163.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday. Morgan Stanley set a $165.00 price objective on shares of Yum! Brands in a research report on Tuesday, October 21st. Finally, Sanford C. Bernstein boosted their price objective on shares of Yum! Brands from $145.00 to $160.00 and gave the stock a “market perform” rating in a research report on Wednesday. Twelve analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.29.

Yum! Brands Stock Performance

Shares of Yum! Brands stock opened at $149.25 on Thursday. The firm has a fifty day moving average of $146.41 and a two-hundred day moving average of $146.18. The stock has a market capitalization of $41.42 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 2.08 and a beta of 0.72. Yum! Brands, Inc. has a 52 week low of $122.13 and a 52 week high of $163.30.

Yum! Brands (NYSE:YUM) last issued its earnings results on Tuesday, November 4th. The restaurant operator reported $1.58 EPS for the quarter, beating the consensus estimate of $1.46 by $0.12. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 EPS. As a group, research analysts forecast that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Yum! Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.71 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $2.84 annualized dividend and a dividend yield of 1.9%. Yum! Brands’s payout ratio is presently 56.02%.

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.