Exchange Traded Concepts LLC Has $633,000 Holdings in Yum! Brands, Inc. (NYSE:YUM)

Exchange Traded Concepts LLC cut its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 33.2% in the third quarter, HoldingsChannel reports. The fund owned 4,533 shares of the restaurant operator’s stock after selling 2,257 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Yum! Brands were worth $633,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of YUM. Ruedi Wealth Management Inc. boosted its position in Yum! Brands by 79.8% during the 1st quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 83 shares during the period. Manchester Capital Management LLC boosted its position 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 during the period. Redmont Wealth Advisors LLC acquired a new stake in shares of Yum! Brands during the 1st quarter valued at about $28,000. Crewe Advisors LLC acquired a new stake in shares of Yum! Brands during the 1st quarter valued at about $28,000. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Yum! Brands by 43.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 82 shares during the last quarter. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

YUM has been the subject of several research reports. Stifel Nicolaus reduced their price target on Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Morgan Stanley reduced their price target on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. Robert W. Baird lifted their price target on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Evercore ISI lowered Yum! Brands from an “outperform” rating to an “inline” rating and reduced their price target for the company from $160.00 to $145.00 in a report on Tuesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Yum! Brands from $143.00 to $147.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $144.56.

Yum! Brands Stock Performance

YUM opened at $134.27 on Friday. The business has a 50 day moving average price of $135.02 and a 200 day moving average price of $135.21. The firm has a market cap of $37.81 billion, a P/E ratio of 23.81, a price-to-earnings-growth ratio of 2.06 and a beta of 1.08. Yum! Brands, Inc. has a twelve month low of $118.28 and a twelve month high of $143.20.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, topping the consensus estimate of $1.33 by $0.02. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Yum! Brands had a negative return on equity of 18.90% and a net margin of 21.96%. During the same period in the previous year, the business posted $1.41 EPS. As a group, analysts anticipate that Yum! Brands, Inc. will post 5.61 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum! Brands’s dividend payout ratio is currently 47.52%.

Insiders Place Their Bets

In other Yum! Brands news, CEO Sabir Sami sold 71,051 shares of Yum! Brands stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 68 shares of the company’s stock, valued at $9,326.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Sabir Sami sold 71,051 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 68 shares in the company, valued at approximately $9,326.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David W. Gibbs sold 7,005 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $134.43, for a total value of $941,682.15. Following the sale, the chief executive officer now owns 155,883 shares in the company, valued at approximately $20,955,351.69. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,673 shares of company stock valued at $13,918,095 in the last three months. Company insiders own 0.31% of the company’s stock.

About Yum! Brands

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.