Nemes Rush Group LLC Has $50,000 Stake in Yum! Brands, Inc. (NYSE:YUM)

Nemes Rush Group LLC reduced its position in Yum! Brands, Inc. (NYSE:YUM) by 34.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 378 shares of the restaurant operator’s stock after selling 200 shares during the quarter. Nemes Rush Group LLC’s holdings in Yum! Brands were worth $50,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Magnolia Capital Advisors LLC bought a new stake in Yum! Brands in the second quarter valued at about $451,000. Creative Planning boosted its holdings in Yum! Brands by 3.1% during the second quarter. Creative Planning now owns 94,575 shares of the restaurant operator’s stock valued at $12,527,000 after purchasing an additional 2,803 shares in the last quarter. Ascent Group LLC grew its stake in shares of Yum! Brands by 6.8% in the 2nd quarter. Ascent Group LLC now owns 2,185 shares of the restaurant operator’s stock valued at $289,000 after purchasing an additional 140 shares during the period. Goodman Advisory Group LLC acquired a new position in shares of Yum! Brands in the 2nd quarter worth approximately $395,000. Finally, Legal & General Group Plc lifted its position in shares of Yum! Brands by 3.4% during the 2nd quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock worth $419,123,000 after buying an additional 104,328 shares during the period. Institutional investors and hedge funds own 82.37% of the company’s stock.

Insider Activity

In related news, CEO David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction on 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 sale, 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 legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Sabir Sami sold 71,051 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $137.16, for a total value of $9,745,355.16. Following the completion of the sale, the chief executive officer now directly owns 68 shares of the company’s stock, valued at approximately $9,326.88. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David W. Gibbs sold 7,005 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $134.43, for a total transaction of $941,682.15. Following the completion of the sale, the chief executive officer now owns 155,883 shares in the company, valued at $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 in the last 90 days. 0.31% of the stock is owned by company insiders.

Yum! Brands Stock Up 1.3 %

Yum! Brands stock opened at $139.92 on Monday. The business’s 50-day simple moving average is $133.97 and its 200 day simple moving average is $135.34. The stock has a market cap of $39.34 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 2.14 and a beta of 1.08. Yum! Brands, Inc. has a 12-month low of $115.53 and a 12-month high of $143.20.

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, beating the consensus estimate of $1.33 by $0.02. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates 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 firm earned $1.41 EPS. As a group, sell-side analysts expect that Yum! Brands, Inc. will post 5.61 EPS for the current year.

Yum! Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Tuesday, August 27th. Yum! Brands’s payout ratio is 47.52%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on YUM. JPMorgan Chase & Co. upped their price target 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 reiterated a “buy” rating and set a $156.00 target price on shares of Yum! Brands in a research report on Thursday, September 12th. Robert W. Baird boosted their price target on shares of Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group assumed 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. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $145.25.

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.