Fox Run Management L.L.C. Increases Stock Holdings in Yum! Brands, Inc. $YUM

Fox Run Management L.L.C. boosted its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 279.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 6,330 shares of the restaurant operator’s stock after buying an additional 4,662 shares during the quarter. Fox Run Management L.L.C.’s holdings in Yum! Brands were worth $938,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Fortitude Family Office LLC increased its holdings in shares of Yum! Brands by 5.6% during the second quarter. Fortitude Family Office LLC now owns 1,277 shares of the restaurant operator’s stock valued at $189,000 after acquiring an additional 68 shares in the last quarter. Valmark Advisers Inc. grew its position in Yum! Brands by 3.7% during the 2nd quarter. Valmark Advisers Inc. now owns 1,915 shares of the restaurant operator’s stock worth $284,000 after purchasing an additional 69 shares during the last quarter. Manchester Capital Management LLC increased its stake in Yum! Brands by 78.0% during 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 in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Yum! Brands by 7.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,048 shares of the restaurant operator’s stock worth $165,000 after buying an additional 71 shares during the last quarter. Finally, PGIM Custom Harvest LLC lifted its stake in shares of Yum! Brands by 4.3% during the first quarter. PGIM Custom Harvest LLC now owns 1,857 shares of the restaurant operator’s stock worth $292,000 after buying an additional 76 shares during the period. Institutional investors and hedge funds own 82.37% of the company’s stock.

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 filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $145.30, for a total value of $296,121.40. Following the transaction, the director owned 1,233 shares in the company, valued at $179,154.90. This trade represents a 62.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 32,112 shares of company stock valued at $4,760,814. 0.33% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

YUM has been the topic of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Yum! Brands in a research report on Wednesday, October 8th. Piper Sandler boosted their price target on Yum! Brands from $157.00 to $158.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Barclays raised their price objective on Yum! Brands from $163.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday. Wells Fargo & Company dropped their target price on Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 6th. Finally, TD Cowen upped their target price on Yum! Brands from $156.00 to $162.00 and gave the company a “hold” rating in a research report on Wednesday, November 5th. Twelve investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, Yum! Brands has a consensus rating of “Moderate Buy” and an average price target of $166.29.

Yum! Brands Trading Up 0.8%

Yum! Brands stock opened at $148.84 on Monday. The firm has a market cap of $41.31 billion, a PE ratio of 29.36, a P/E/G ratio of 2.08 and a beta of 0.73. Yum! Brands, Inc. has a 12 month low of $122.13 and a 12 month high of $163.30. The stock’s 50 day simple moving average is $146.49 and its two-hundred day simple moving average is $146.25.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.12. Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the firm posted $1.37 earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, equities research analysts forecast that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 2nd. Yum! Brands’s dividend payout ratio (DPR) is presently 55.36%.

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.