IFP Advisors Inc Sells 8,020 Shares of Yum! Brands, Inc. $YUM

IFP Advisors Inc reduced its stake in Yum! Brands, Inc. (NYSE:YUM) by 64.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,465 shares of the restaurant operator’s stock after selling 8,020 shares during the period. IFP Advisors Inc’s holdings in Yum! Brands were worth $701,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in YUM. Manchester Capital Management LLC raised its position 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 worth $25,000 after buying an additional 71 shares in the last quarter. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Yum! Brands in the first quarter worth $25,000. HFM Investment Advisors LLC purchased a new stake in shares of Yum! Brands in the first quarter worth $25,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Yum! Brands in the second quarter worth $29,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Yum! Brands in the first quarter worth $32,000. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Yum! Brands Trading Down 0.9%

YUM opened at $140.41 on Tuesday. The company has a market cap of $38.97 billion, a P/E ratio of 27.69, a P/E/G ratio of 2.21 and a beta of 0.72. The business’s 50-day moving average price is $146.90 and its 200-day moving average price is $146.61. Yum! Brands, Inc. has a 12 month low of $122.13 and a 12 month high of $163.30.

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

Yum! Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued 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 payout ratio is currently 56.02%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Yum! Brands from $162.00 to $160.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 6th. 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. Wells Fargo & Company lowered their price target 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. Royal Bank Of Canada started coverage on 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. Finally, Barclays restated an “overweight” rating and set a $164.00 price target (down previously from $167.00) on shares of Yum! Brands in a research report on Tuesday, August 5th. Eleven analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $161.48.

Insider Buying and Selling

In other news, CEO David W. Gibbs sold 7,176 shares of Yum! Brands stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $149.80, for a total value of $1,074,964.80. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Weir Mirian M. Graddick sold 2,038 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $145.30, for a total value of $296,121.40. Following the completion of the sale, the director directly owned 1,233 shares in the company, valued at $179,154.90. The trade was a 62.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,078 shares of company stock worth $4,304,785 in the last ninety days. Corporate insiders own 0.33% of the company’s stock.

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.