Jacobs & Co. CA Buys 2,990 Shares of Yum! Brands, Inc. (NYSE:YUM)

Jacobs & Co. CA increased its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 5.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 60,536 shares of the restaurant operator’s stock after purchasing an additional 2,990 shares during the period. Jacobs & Co. CA’s holdings in Yum! Brands were worth $8,457,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in YUM. Deseret Mutual Benefit Administrators grew its position in Yum! Brands by 3.9% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 2,049 shares of the restaurant operator’s stock worth $271,000 after acquiring an additional 76 shares during the last quarter. Legacy Financial Advisors Inc. boosted its stake in shares of Yum! Brands by 2.2% during the second quarter. Legacy Financial Advisors Inc. now owns 3,460 shares of the restaurant operator’s stock valued at $458,000 after purchasing an additional 76 shares during the period. Wesbanco Bank Inc. grew its holdings in shares of Yum! Brands by 1.9% in the second quarter. Wesbanco Bank Inc. now owns 4,169 shares of the restaurant operator’s stock worth $552,000 after purchasing an additional 78 shares during the last quarter. Choreo LLC grew its holdings in shares of Yum! Brands by 1.6% in the first quarter. Choreo LLC now owns 5,312 shares of the restaurant operator’s stock worth $737,000 after purchasing an additional 82 shares during the last quarter. Finally, Marcum Wealth LLC increased its stake in shares of Yum! Brands by 3.4% in the second quarter. Marcum Wealth LLC now owns 2,477 shares of the restaurant operator’s stock worth $328,000 after buying an additional 82 shares during the period. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Wall Street Analysts Forecast Growth

YUM has been the subject of several analyst reports. Stifel Nicolaus dropped their price target on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Evercore ISI lowered shares of Yum! Brands from an “outperform” rating to an “inline” rating and dropped their target price for the stock from $160.00 to $145.00 in a report on Tuesday, July 16th. JPMorgan Chase & Co. raised their target price on Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft upped their price target on Yum! Brands from $143.00 to $147.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Finally, TD Cowen reiterated a “buy” rating and issued a $156.00 price objective on shares of Yum! Brands in a report on Thursday, September 12th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $145.25.

Yum! Brands Trading Up 0.2 %

YUM opened at $139.54 on Thursday. The company has a market cap of $39.30 billion, a price-to-earnings ratio of 24.74, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08. The stock has a fifty day simple moving average of $134.72 and a two-hundred day simple moving average of $135.40. Yum! Brands, Inc. has a 12-month low of $115.53 and a 12-month high of $143.20.

Yum! Brands (NYSE:YUM) last released its earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.02. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the firm earned $1.41 EPS. On average, analysts predict that Yum! Brands, Inc. will post 5.61 EPS for the current year.

Yum! Brands Announces Dividend

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

Insider Buying and Selling at Yum! Brands

In other news, CEO David W. Gibbs sold 6,961 shares of the business’s 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 sale, the chief executive officer now directly owns 162,381 shares of the company’s stock, valued at approximately $21,275,158.62. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO David W. Gibbs sold 6,961 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $131.02, for a total transaction of $912,030.22. Following the completion of the transaction, the chief executive officer now directly owns 162,381 shares in the company, valued at $21,275,158.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $9,745,355.16. Following the completion of the transaction, the chief executive officer now owns 68 shares in the company, valued at approximately $9,326.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 101,629 shares of company stock valued at $13,888,443. Corporate insiders own 0.31% of the company’s stock.

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.