Heritage Wealth Management Inc. Invests $456,000 in Yum! Brands, Inc. (NYSE:YUM)

Heritage Wealth Management Inc. acquired a new position in shares of Yum! Brands, Inc. (NYSE:YUM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,530 shares of the restaurant operator’s stock, valued at approximately $456,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Norden Group LLC acquired a new stake in Yum! Brands in the 1st quarter worth $3,415,000. Legal & General Group Plc lifted its stake in shares of Yum! Brands by 3.4% in the second quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock valued at $419,123,000 after buying an additional 104,328 shares during the period. Leo Wealth LLC acquired a new stake in Yum! Brands during the fourth quarter worth about $268,000. Marshall Wace LLP bought a new position in Yum! Brands during the second quarter valued at about $7,645,000. Finally, Syon Capital LLC raised its holdings in Yum! Brands by 3.0% in the 4th quarter. Syon Capital LLC now owns 3,342 shares of the restaurant operator’s stock valued at $437,000 after acquiring an additional 96 shares in the last quarter. Institutional investors own 82.37% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on YUM. Morgan Stanley decreased their price objective on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Evercore ISI lowered shares of Yum! Brands from an “outperform” rating to an “inline” rating and lowered their price target for the company from $160.00 to $145.00 in a report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. 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. Finally, JPMorgan Chase & Co. increased their price target on shares of Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $145.25.

Insider Buying and Selling

In other news, insider Scott Catlett sold 8,234 shares of Yum! Brands stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $137.79, for a total value of $1,134,562.86. Following the completion of the sale, the insider now directly owns 29,159 shares of the company’s stock, valued at approximately $4,017,818.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Scott Catlett sold 8,234 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $137.79, for a total value of $1,134,562.86. Following the transaction, the insider now owns 29,159 shares in the company, valued at $4,017,818.61. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sabir Sami sold 71,051 shares of the business’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 sale, the chief executive officer now directly owns 68 shares of the company’s stock, valued at $9,326.88. The disclosure for this sale can be found here. Insiders sold 101,629 shares of company stock worth $13,888,443 in the last quarter. Insiders own 0.31% of the company’s stock.

Yum! Brands Stock Performance

Yum! Brands stock opened at $139.54 on Thursday. The business’s fifty day moving average is $134.72 and its two-hundred day moving average is $135.40. The firm has a market cap of $39.30 billion, a P/E ratio of 24.74, a P/E/G ratio of 2.14 and a beta of 1.08. Yum! Brands, Inc. has a 52 week low of $115.53 and a 52 week high of $143.20.

Yum! Brands (NYSE:YUM) last issued its quarterly 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 business had revenue of $1.76 billion for the quarter, compared to the consensus estimate 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 in the prior year, the company earned $1.41 EPS. On average, equities research analysts predict that Yum! Brands, Inc. will post 5.61 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 6th. Investors of record on Tuesday, August 27th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Tuesday, August 27th. Yum! Brands’s dividend payout ratio is currently 47.52%.

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.