8,325 Shares in Yum! Brands, Inc. (NYSE:YUM) Acquired by Eastern Bank

Eastern Bank purchased a new position in Yum! Brands, Inc. (NYSE:YUM) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,325 shares of the restaurant operator’s stock, valued at approximately $1,163,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ruedi Wealth Management Inc. increased its holdings in shares of 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 purchasing an additional 83 shares during the period. Manchester Capital Management LLC grew its position in Yum! Brands by 165.7% in the first quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock valued at $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 worth about $28,000. Crewe Advisors LLC acquired a new stake in shares of Yum! Brands during the first quarter worth approximately $28,000. Finally, DiNuzzo Private Wealth Inc. increased its holdings in Yum! Brands by 957.1% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 201 shares in the last quarter. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on YUM. Bank of America dropped their target price on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research report on Tuesday. Evercore ISI cut Yum! Brands from an “outperform” rating to an “inline” rating and cut their price objective for the company from $160.00 to $145.00 in a report on Tuesday, July 16th. Morgan Stanley reduced their price objective on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. TD Cowen lowered shares of Yum! Brands from a “buy” rating to a “hold” rating and lowered their price target for the company from $156.00 to $145.00 in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. increased their price objective on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $146.44.

Insider Transactions at Yum! Brands

In other Yum! Brands news, Director Weir Mirian M. Graddick sold 1,309 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $137.40, for a total value of $179,856.60. Following the completion of the sale, the director now directly owns 1,233 shares of the company’s stock, valued at $169,414.20. 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 available at the SEC website. In other Yum! Brands 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 value of $9,745,355.16. Following the completion of the sale, the chief executive officer now 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Weir Mirian M. Graddick sold 1,309 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $137.40, for a total transaction of $179,856.60. Following the completion of the transaction, the director now owns 1,233 shares in the company, valued at $169,414.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,673 shares of company stock worth $13,918,095. 0.31% of the stock is currently owned by insiders.

Yum! Brands Trading Down 0.5 %

YUM stock opened at $133.36 on Wednesday. The firm has a 50 day moving average of $134.90 and a 200-day moving average of $135.11. The firm has a market capitalization of $37.56 billion, a P/E ratio of 23.65, a price-to-earnings-growth ratio of 2.06 and a beta of 1.08. Yum! Brands, Inc. has a 12 month low of $118.28 and a 12 month high of $143.20.

Yum! Brands (NYSE:YUM) last announced 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 negative return on equity of 18.90% and a net margin of 21.96%. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the company earned $1.41 EPS. Sell-side analysts predict that Yum! Brands, Inc. will post 5.6 EPS for the current 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 dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum! Brands’s 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.