Concurrent Investment Advisors LLC Purchases 914 Shares of Yum! Brands, Inc. (NYSE:YUM)

Concurrent Investment Advisors LLC lifted its holdings in Yum! Brands, Inc. (NYSE:YUM) by 13.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,600 shares of the restaurant operator’s stock after acquiring an additional 914 shares during the period. Concurrent Investment Advisors LLC’s holdings in Yum! Brands were worth $1,007,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in YUM. Vanguard Group Inc. lifted its position in shares of Yum! Brands by 24.0% during the 1st quarter. Vanguard Group Inc. now owns 29,012,969 shares of the restaurant operator’s stock valued at $4,022,648,000 after acquiring an additional 5,607,517 shares during the period. Capital World Investors raised its stake in Yum! Brands by 23.7% in the first quarter. Capital World Investors now owns 18,121,611 shares of the restaurant operator’s stock valued at $2,512,561,000 after purchasing an additional 3,470,883 shares in the last quarter. Norges Bank bought a new stake in Yum! Brands during the fourth quarter worth about $331,831,000. Cantillon Capital Management LLC acquired a new stake in Yum! Brands during the first quarter worth about $200,668,000. Finally, Capital International Investors grew its stake in Yum! Brands by 10.2% during the first quarter. Capital International Investors now owns 14,669,356 shares of the restaurant operator’s stock worth $2,033,906,000 after buying an additional 1,362,813 shares in the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

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 dated Monday, July 15th. The stock was sold at an average price of $131.02, for a total value of $912,030.22. Following the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO David W. Gibbs sold 6,961 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $131.02, for a total transaction of $912,030.22. Following the completion of the sale, the chief executive officer now 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 this link. Also, CEO David W. Gibbs sold 7,069 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $137.92, for a total transaction of $974,956.48. Following the transaction, the chief executive officer now owns 159,132 shares in the company, valued at approximately $21,947,485.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,685 shares of company stock valued at $13,910,094. 0.31% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on YUM shares. The Goldman Sachs Group initiated coverage on shares of Yum! Brands in a report on Thursday, June 13th. They set a “neutral” rating and a $150.00 price target for the company. Morgan Stanley cut their target price on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a research note 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 research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft upped their price objective on Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Finally, TD Cowen reiterated a “buy” rating and issued a $156.00 target price on shares of Yum! Brands in a research report on Tuesday, August 6th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Yum! Brands currently has a consensus rating of “Hold” and an average price target of $145.00.

Yum! Brands Trading Down 0.2 %

Shares of YUM opened at $134.92 on Monday. The stock’s 50-day moving average price is $132.47 and its two-hundred day moving average price is $135.92. The company has a market capitalization of $37.94 billion, a PE ratio of 23.92, a PEG ratio of 2.06 and a beta of 1.08. 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 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 firm had revenue of $1.76 billion during the quarter, compared to analyst estimates 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 last year, the business earned $1.41 EPS. Equities research analysts predict that Yum! Brands, Inc. will post 5.62 EPS for the current fiscal year.

Yum! Brands announced that its Board of Directors has approved a stock buyback plan on Wednesday, May 15th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the restaurant operator to repurchase up to 5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Yum! Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th will be given a dividend of $0.67 per share. The ex-dividend date is Tuesday, August 27th. This represents a $2.68 dividend on an annualized basis and a yield of 1.99%. Yum! Brands’s dividend payout ratio (DPR) 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.