Yum! Brands, Inc. (NYSE:YUM) Shares Purchased by MGO One Seven LLC

MGO One Seven LLC grew its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 1.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,943 shares of the restaurant operator’s stock after acquiring an additional 97 shares during the period. MGO One Seven LLC’s holdings in Yum! Brands were worth $920,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Coldstream Capital Management Inc. raised its holdings in Yum! Brands by 1.5% in the second quarter. Coldstream Capital Management Inc. now owns 36,990 shares of the restaurant operator’s stock valued at $4,900,000 after acquiring an additional 544 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new stake in shares of Yum! Brands in the 2nd quarter valued at about $208,000. Daiwa Securities Group Inc. lifted its position in shares of Yum! Brands by 1.8% during the second quarter. Daiwa Securities Group Inc. now owns 38,722 shares of the restaurant operator’s stock worth $5,129,000 after purchasing an additional 696 shares during the last quarter. Chesapeake Capital Corp IL bought a new position in shares of Yum! Brands during the second quarter worth about $762,000. Finally, Royal London Asset Management Ltd. grew its stake in Yum! Brands by 1.9% in the second quarter. Royal London Asset Management Ltd. now owns 112,725 shares of the restaurant operator’s stock worth $14,932,000 after purchasing an additional 2,094 shares in the last quarter. 82.37% of the stock is owned by hedge funds and other institutional investors.

Yum! Brands Trading Up 0.2 %

YUM stock opened at $133.64 on Friday. The firm has a market capitalization of $37.64 billion, a PE ratio of 23.70, a P/E/G ratio of 2.05 and a beta of 1.08. Yum! Brands, Inc. has a one year low of $115.53 and a one year high of $143.20. The firm has a 50-day moving average of $133.02 and a two-hundred day moving average of $135.78.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.02. Yum! Brands had a negative return on equity of 18.90% and a net margin of 21.96%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the business earned $1.41 EPS. On average, equities research analysts anticipate that Yum! Brands, Inc. will post 5.62 earnings per share for the current year.

Yum! Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Tuesday, August 27th. Yum! Brands’s payout ratio is presently 47.52%.

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, insider Scott Catlett sold 8,234 shares of Yum! Brands stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $137.79, for a total transaction of $1,134,562.86. Following the completion of the sale, the insider now owns 29,159 shares of the company’s stock, valued at approximately $4,017,818.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Scott Catlett sold 8,234 shares of Yum! Brands stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $137.79, for a total transaction of $1,134,562.86. Following the completion of the sale, the insider now directly owns 29,159 shares in the company, valued at approximately $4,017,818.61. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David W. Gibbs sold 6,961 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $131.02, for a total value of $912,030.22. Following the completion of the transaction, the chief executive officer now owns 162,381 shares in the company, valued at approximately $21,275,158.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 101,685 shares of company stock worth $13,910,094. 0.31% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on Yum! Brands from $132.00 to $140.00 and gave the company a “neutral” rating in a research note on Monday, June 3rd. Morgan Stanley reduced their price objective on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. TD Cowen reiterated a “buy” rating and set a $156.00 target price on shares of Yum! Brands in a research note on Thursday. The Goldman Sachs Group began coverage on shares of Yum! Brands in a research report on Thursday, June 13th. They issued a “neutral” rating and a $150.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Yum! Brands from $143.00 to $147.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $145.00.

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.