Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lessened its stake in Yum! Brands, Inc. (NYSE:YUM) by 4.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,267 shares of the restaurant operator’s stock after selling 333 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Yum! Brands were worth $1,015,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Crewe Advisors LLC purchased a new position in Yum! Brands in the first quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. raised its holdings in shares of Yum! Brands by 957.1% in 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. Meeder Asset Management Inc. lifted its position 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 worth $36,000 after purchasing an additional 82 shares during the last quarter. Kimelman & Baird LLC acquired a new position in shares of Yum! Brands during the second quarter worth $37,000. Finally, Iron Horse Wealth Management LLC increased its holdings in Yum! Brands by 3,088.9% in the second quarter. Iron Horse Wealth Management LLC now owns 287 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 278 shares during the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Yum! Brands

In other Yum! Brands news, Director Weir Mirian M. Graddick sold 1,309 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $137.40, for a total value of $179,856.60. Following the completion of the transaction, the director now owns 1,233 shares in the company, valued at approximately $169,414.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 that occurred 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 transaction, the insider now directly owns 29,159 shares of the company’s stock, valued at $4,017,818.61. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Weir Mirian M. Graddick sold 1,309 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $137.40, for a total value of $179,856.60. Following the sale, the director now owns 1,233 shares in the company, valued at approximately $169,414.20. The trade was 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 30,622 shares of company stock worth $4,172,740 over the last three months. 0.31% of the stock is currently owned by corporate insiders.

Yum! Brands Price Performance

NYSE:YUM opened at $137.21 on Friday. The firm has a market cap of $38.58 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 2.13 and a beta of 1.10. Yum! Brands, Inc. has a 1-year low of $123.60 and a 1-year high of $143.20. The firm’s fifty day moving average price is $134.32 and its 200 day moving average price is $134.81.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.90 billion. Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.44 earnings per share. As a group, analysts expect that Yum! Brands, Inc. will post 5.54 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. Stockholders of record on Tuesday, August 27th were issued a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $2.68 annualized dividend and a dividend yield of 1.95%. Yum! Brands’s dividend payout ratio is currently 50.09%.

Analyst Ratings Changes

YUM has been the subject of several analyst reports. Stifel Nicolaus lowered their price objective on Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Morgan Stanley lowered 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. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a report on Wednesday. TD Cowen restated a “hold” rating and issued a $145.00 target price on shares of Yum! Brands in a report on Wednesday. Finally, Bank of America cut their price target on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $145.94.

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.