Net Worth Advisory Group Makes New Investment in Yum! Brands, Inc. (NYSE:YUM)

Net Worth Advisory Group acquired a new position in Yum! Brands, Inc. (NYSE:YUM) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,929 shares of the restaurant operator’s stock, valued at approximately $269,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Manchester Capital Management LLC raised its holdings in Yum! Brands by 165.7% in the first 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 during the period. Ruedi Wealth Management Inc. increased its position in shares of Yum! Brands by 79.8% in the first quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 83 shares in the last quarter. Redmont Wealth Advisors LLC purchased a new position in shares of Yum! Brands in the 1st quarter valued at $28,000. Crewe Advisors LLC acquired a new position in shares of Yum! Brands during the 1st quarter valued at $28,000. Finally, DiNuzzo Private Wealth Inc. boosted its position in Yum! Brands by 957.1% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 201 shares during the period. 82.37% of the stock is owned by institutional investors and hedge funds.

Yum! Brands Stock Up 0.4 %

NYSE:YUM opened at $134.27 on Monday. The company has a market cap of $37.75 billion, a PE ratio of 24.59, a P/E/G ratio of 2.06 and a beta of 1.08. The business’s 50 day moving average is $135.02 and its two-hundred day moving average is $135.15. Yum! Brands, Inc. has a 52 week low of $118.28 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 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the business posted $1.41 earnings per share. As a group, sell-side analysts expect that Yum! Brands, Inc. will post 5.6 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. Investors of record on Tuesday, August 27th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum! Brands’s dividend payout ratio is presently 49.08%.

Wall Street Analysts Forecast Growth

Several research firms have commented on YUM. Evercore ISI lowered Yum! Brands from an “outperform” rating to an “inline” rating and cut their price objective for the company from $160.00 to $145.00 in a research report on Tuesday, July 16th. TD Cowen lowered Yum! Brands from a “buy” rating to a “hold” rating and reduced their price target for the stock from $156.00 to $145.00 in a research report on Wednesday, October 16th. Stifel Nicolaus lowered their price objective 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. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Yum! Brands from $143.00 to $147.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, Morgan Stanley decreased their target price on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $146.53.

Insider Buying and Selling

In other Yum! Brands news, CEO Sabir Sami sold 71,051 shares of Yum! Brands stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 68 shares in the company, valued at $9,326.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Yum! Brands news, CEO Sabir Sami sold 71,051 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 68 shares in the company, valued at approximately $9,326.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David W. Gibbs sold 7,069 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was 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 of the company’s stock, valued at $21,947,485.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,673 shares of company stock worth $13,918,095 over the last quarter. 0.31% of the stock is owned by company insiders.

Yum! Brands 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.