EverSource Wealth Advisors LLC Lowers Holdings in Yum! Brands, Inc. (NYSE:YUM)

EverSource Wealth Advisors LLC reduced its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 38.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 882 shares of the restaurant operator’s stock after selling 553 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Yum! Brands were worth $117,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of YUM. Manchester Capital Management LLC grew its holdings in Yum! Brands by 165.7% during the 1st quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 116 shares in the last quarter. Ruedi Wealth Management Inc. boosted its stake in shares of Yum! Brands by 79.8% during the first quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 83 shares in the last quarter. Redmont Wealth Advisors LLC purchased a new position in Yum! Brands during the first quarter valued at approximately $28,000. Crewe Advisors LLC bought a new position in Yum! Brands in the first quarter worth approximately $28,000. Finally, Meeder Asset Management Inc. lifted its holdings in Yum! Brands by 43.6% during the second quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after buying an additional 82 shares during the period. 82.37% of the stock is owned by institutional investors.

Yum! Brands Trading Up 3.7 %

YUM opened at $138.07 on Friday. Yum! Brands, Inc. has a 12-month low of $115.53 and a 12-month high of $143.20. The firm has a 50 day moving average of $133.52 and a two-hundred day moving average of $135.38. The firm has a market capitalization of $38.82 billion, a PE ratio of 24.48, a P/E/G ratio of 2.05 and a beta of 1.08.

Yum! Brands (NYSE:YUM) last issued its earnings results 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. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. During the same quarter last year, the company posted $1.41 earnings per share. As a group, analysts predict that Yum! Brands, Inc. will post 5.61 EPS for the current fiscal year.

Yum! Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were issued a $0.67 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $2.68 annualized dividend and a dividend yield of 1.94%. Yum! Brands’s dividend payout ratio (DPR) is presently 47.52%.

Insider Buying and Selling

In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $134.43, for a total value of $941,682.15. Following the completion of the transaction, the chief executive officer now directly owns 155,883 shares of the company’s stock, valued at $20,955,351.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO David W. Gibbs sold 6,961 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $131.02, for a total transaction of $912,030.22. Following the sale, the chief executive officer now owns 162,381 shares in the company, valued at $21,275,158.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO David W. Gibbs sold 7,005 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $134.43, for a total transaction of $941,682.15. Following the completion of the transaction, the chief executive officer now owns 155,883 shares of the company’s stock, valued at approximately $20,955,351.69. The disclosure for this sale can be found here. Insiders have sold a total of 101,629 shares of company stock valued at $13,888,443 over the last ninety days. Company insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on YUM shares. JPMorgan Chase & Co. raised their price objective on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. TD Cowen restated a “buy” rating and issued a $156.00 price target on shares of Yum! Brands in a report on Thursday, September 12th. Stifel Nicolaus reduced their price objective on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. The Goldman Sachs Group initiated coverage on shares of Yum! Brands in a research note on Thursday, June 13th. They issued a “neutral” rating and a $150.00 target price for the company. Finally, Evercore ISI downgraded Yum! Brands from an “outperform” rating to an “inline” rating and reduced their price target for the stock from $160.00 to $145.00 in a research report on Tuesday, July 16th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Yum! Brands presently has an average rating of “Hold” and an average price target of $145.25.

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.