Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp cut its holdings in Yum! Brands, Inc. (NYSE:YUM) by 2.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 69,718 shares of the restaurant operator’s stock after selling 2,111 shares during the period. Mackenzie Financial Corp’s holdings in Yum! Brands were worth $9,235,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of YUM. Ruedi Wealth Management Inc. boosted its stake in Yum! Brands by 79.8% in the first quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock valued at $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 valued at $26,000 after purchasing an additional 116 shares during the period. Redmont Wealth Advisors LLC acquired a new position in Yum! Brands during the 1st quarter valued at approximately $28,000. Crewe Advisors LLC bought a new position in Yum! Brands during the 1st quarter worth $28,000. Finally, Meeder Asset Management Inc. increased its position in Yum! Brands by 43.6% in the second quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after buying an additional 82 shares during the period. Institutional investors own 82.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their price target 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. TD Cowen restated a “buy” rating and issued a $156.00 price target on shares of Yum! Brands in a research note on Thursday, September 12th. 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. Stifel Nicolaus lowered their target price on Yum! Brands from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Finally, Evercore ISI downgraded Yum! Brands from an “outperform” rating to an “inline” rating and cut their target price for the company from $160.00 to $145.00 in a research note on Tuesday, July 16th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $145.25.

Insider Activity at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $134.43, for a total transaction of $941,682.15. Following the completion of the sale, the chief executive officer now directly owns 155,883 shares of the company’s stock, valued at $20,955,351.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Sabir Sami sold 71,051 shares of Yum! Brands stock in a transaction 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 transaction, the chief executive officer now owns 68 shares in the company, valued at $9,326.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David W. Gibbs sold 7,005 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 155,883 shares in the company, valued at $20,955,351.69. The disclosure for this sale can be found here. Insiders sold 101,629 shares of company stock worth $13,888,443 in the last quarter. 0.31% of the stock is owned by company insiders.

Yum! Brands Price Performance

Shares of YUM opened at $139.67 on Tuesday. Yum! Brands, Inc. has a 12-month low of $115.53 and a 12-month high of $143.20. The stock has a market capitalization of $39.27 billion, a P/E ratio of 24.76, a P/E/G ratio of 2.14 and a beta of 1.08. The firm’s 50 day moving average is $134.19 and its 200-day moving average is $135.35.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the prior year, the company earned $1.41 earnings per share. As a group, equities research analysts forecast that Yum! Brands, Inc. will post 5.61 EPS for the current fiscal year.

Yum! Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum! Brands’s dividend payout ratio is 47.52%.

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.