Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management reduced its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 53.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,090 shares of the restaurant operator’s stock after selling 2,407 shares during the period. Ritholtz Wealth Management’s holdings in Yum! Brands were worth $292,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Ruedi Wealth Management Inc. raised its holdings in Yum! Brands by 79.8% in 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 lifted its position in shares of 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 buying an additional 116 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new stake in Yum! Brands in the 1st quarter valued at $28,000. Crewe Advisors LLC purchased a new stake in Yum! Brands in the 1st quarter worth $28,000. Finally, Meeder Asset Management Inc. raised its position in Yum! Brands by 43.6% during the second quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 82 shares during the period. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Insider Buying and Selling at Yum! Brands

In other news, CEO David W. Gibbs sold 7,069 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $137.92, for a total value of $974,956.48. Following the transaction, the chief executive officer now directly owns 159,132 shares in the company, valued at approximately $21,947,485.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO David W. Gibbs sold 7,069 shares of Yum! Brands stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $137.92, for a total value of $974,956.48. Following the completion of the sale, the chief executive officer now directly owns 159,132 shares of the company’s stock, valued at approximately $21,947,485.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sabir Sami sold 71,051 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 68 shares in the company, valued at approximately $9,326.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,673 shares of company stock worth $13,918,095 over the last three months. Insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

YUM has been the topic of several research analyst reports. Stifel Nicolaus dropped their target price on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Morgan Stanley reduced their target price on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. Robert W. Baird raised their target price on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price target on Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Yum! Brands from $143.00 to $147.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $144.56.

Yum! Brands Price Performance

Shares of NYSE YUM opened at $133.73 on Friday. Yum! Brands, Inc. has a 1 year low of $118.28 and a 1 year high of $143.20. The company has a market capitalization of $37.66 billion, a P/E ratio of 23.71, a P/E/G ratio of 2.06 and a beta of 1.08. The company has a 50 day simple moving average of $135.07 and a 200-day simple moving average of $135.26.

Yum! Brands (NYSE:YUM) last posted its earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.02. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate 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 in the previous year, the business earned $1.41 earnings per share. As a group, research analysts expect that Yum! Brands, Inc. will post 5.61 EPS for the current year.

Yum! Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum! Brands’s dividend payout ratio (DPR) is presently 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.