Mitchell Mcleod Pugh & Williams Inc. Has $2.33 Million Stake in Yum! Brands, Inc. $YUM

Mitchell Mcleod Pugh & Williams Inc. decreased its holdings in Yum! Brands, Inc. (NYSE:YUM) by 2.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,725 shares of the restaurant operator’s stock after selling 322 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Yum! Brands were worth $2,330,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Fortitude Family Office LLC raised its stake in Yum! Brands by 5.6% in the 2nd quarter. Fortitude Family Office LLC now owns 1,277 shares of the restaurant operator’s stock worth $189,000 after purchasing an additional 68 shares in the last quarter. Valmark Advisers Inc. raised its stake in Yum! Brands by 3.7% in 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 in the last quarter. Manchester Capital Management LLC raised its stake in 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 purchasing an additional 71 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Yum! Brands by 7.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,048 shares of the restaurant operator’s stock worth $165,000 after purchasing an additional 71 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in Yum! Brands by 0.8% in the 1st quarter. Valeo Financial Advisors LLC now owns 9,178 shares of the restaurant operator’s stock worth $1,444,000 after purchasing an additional 72 shares in the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Insider Activity at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,176 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 102,893 shares of the company’s stock, valued at $15,413,371.40. The trade was a 6.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Weir Mirian M. Graddick sold 2,038 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $145.30, for a total transaction of $296,121.40. Following 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. Over the last 90 days, insiders sold 29,078 shares of company stock valued at $4,304,785. Company insiders own 0.33% of the company’s stock.

Yum! Brands Trading Up 2.5%

Shares of Yum! Brands stock opened at $143.98 on Wednesday. The firm has a market capitalization of $39.96 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 2.18 and a beta of 0.72. The firm’s 50 day moving average is $146.99 and its 200 day moving average is $146.60. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results 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 company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the firm posted $1.35 earnings per share. As a group, research analysts anticipate that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Yum! Brands Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.84 annualized dividend and a dividend yield of 2.0%. Yum! Brands’s payout ratio is 56.02%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company decreased their target price on shares of Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Yum! Brands in a report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their target price on shares of Yum! Brands from $162.00 to $160.00 and set an “overweight” rating on the stock in a report on Wednesday, August 6th. TD Cowen decreased their target price on shares of Yum! Brands from $158.00 to $156.00 and set a “hold” rating on the stock in a report on Tuesday, August 5th. Finally, Sanford C. Bernstein set a $164.00 target price on shares of Yum! Brands in a report on Tuesday, August 5th. Eleven investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $161.48.

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.