MBB Public Markets I LLC Acquires 18,448 Shares of Yum! Brands, Inc. (NYSE:YUM)

MBB Public Markets I LLC raised its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 996.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,300 shares of the restaurant operator’s stock after acquiring an additional 18,448 shares during the quarter. MBB Public Markets I LLC’s holdings in Yum! Brands were worth $2,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators lifted its holdings 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 purchasing an additional 76 shares in the last quarter. Legacy Financial Advisors Inc. grew its stake in 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 acquiring an additional 76 shares in the last quarter. Wesbanco Bank Inc. grew its stake in Yum! Brands by 1.9% during the second quarter. Wesbanco Bank Inc. now owns 4,169 shares of the restaurant operator’s stock valued at $552,000 after acquiring an additional 78 shares in the last quarter. Choreo LLC increased its holdings in Yum! Brands by 1.6% during the 1st quarter. Choreo LLC now owns 5,312 shares of the restaurant operator’s stock worth $737,000 after acquiring an additional 82 shares during the period. Finally, Marcum Wealth LLC lifted its stake in Yum! Brands by 3.4% in the 2nd quarter. Marcum Wealth LLC now owns 2,477 shares of the restaurant operator’s stock worth $328,000 after purchasing an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Insider Buying and Selling at Yum! Brands

In related news, CEO David W. Gibbs sold 6,961 shares of the company’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 owns 162,381 shares in the company, valued at approximately $21,275,158.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO David W. Gibbs sold 6,961 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $131.02, for a total value of $912,030.22. Following the transaction, the chief executive officer now owns 162,381 shares in the company, valued at approximately $21,275,158.62. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sabir Sami sold 71,051 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were 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 owns 68 shares of the company’s stock, valued at $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 Stock Performance

Shares of NYSE:YUM opened at $139.92 on Friday. The firm has a market capitalization of $39.41 billion, a P/E ratio of 24.81, a P/E/G ratio of 2.05 and a beta of 1.08. The stock has a 50 day moving average price of $133.97 and a 200-day moving average price of $135.36. Yum! Brands, Inc. has a 52-week low of $115.53 and a 52-week high of $143.20.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, beating the consensus estimate of $1.33 by $0.02. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates 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 quarter last year, the firm posted $1.41 earnings per share. On average, equities analysts forecast that Yum! Brands, Inc. will post 5.61 EPS for the current fiscal year.

Yum! Brands Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. The Goldman Sachs Group began coverage on Yum! Brands in a research note on Thursday, June 13th. They issued a “neutral” rating and a $150.00 target price on the stock. Evercore ISI downgraded Yum! Brands from an “outperform” rating to an “inline” rating and dropped their price target for the company from $160.00 to $145.00 in a research report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Finally, Stifel Nicolaus dropped their target price 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. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $145.25.

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.