Bank of America Corp DE Sells 166,620 Shares of Yum! Brands, Inc. (NYSE:YUM)

Bank of America Corp DE decreased its stake in Yum! Brands, Inc. (NYSE:YUMGet Rating) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,720,625 shares of the restaurant operator’s stock after selling 166,620 shares during the period. Bank of America Corp DE owned about 1.30% of Yum! Brands worth $441,006,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CVA Family Office LLC increased its position in Yum! Brands by 43.6% in the 1st quarter. CVA Family Office LLC now owns 280 shares of the restaurant operator’s stock valued at $33,000 after acquiring an additional 85 shares during the period. LCM Capital Management Inc increased its position in Yum! Brands by 1.3% in the 1st quarter. LCM Capital Management Inc now owns 7,064 shares of the restaurant operator’s stock valued at $837,000 after acquiring an additional 90 shares during the period. Lincoln National Corp increased its position in Yum! Brands by 3.9% in the 1st quarter. Lincoln National Corp now owns 2,541 shares of the restaurant operator’s stock valued at $302,000 after acquiring an additional 95 shares during the period. Adirondack Trust Co. increased its position in Yum! Brands by 14.7% in the 1st quarter. Adirondack Trust Co. now owns 780 shares of the restaurant operator’s stock valued at $92,000 after acquiring an additional 100 shares during the period. Finally, Boston Financial Mangement LLC increased its position in Yum! Brands by 5.1% in the 1st quarter. Boston Financial Mangement LLC now owns 2,175 shares of the restaurant operator’s stock valued at $258,000 after acquiring an additional 105 shares during the period. Institutional investors own 70.18% of the company’s stock.

Yum! Brands Stock Up 0.5 %

Shares of NYSE YUM opened at $115.72 on Monday. The firm has a market cap of $32.93 billion, a PE ratio of 23.19, a P/E/G ratio of 2.14 and a beta of 1.03. Yum! Brands, Inc. has a 12-month low of $108.37 and a 12-month high of $139.85. The company’s fifty day simple moving average is $117.05 and its 200 day simple moving average is $116.90.

Yum! Brands (NYSE:YUMGet Rating) last released its quarterly earnings data on Wednesday, August 3rd. The restaurant operator reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.03). Yum! Brands had a net margin of 22.17% and a negative return on equity of 15.45%. During the same quarter in the prior year, the business earned $1.16 earnings per share. On average, equities analysts predict that Yum! Brands, Inc. will post 4.54 earnings per share for the current year.

Yum! Brands declared that its board has authorized a share repurchase plan on Monday, September 12th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the restaurant operator to purchase up to 6.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Yum! Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Monday, August 29th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Friday, August 26th. Yum! Brands’s dividend payout ratio (DPR) is 45.69%.

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, VP David Eric Russell sold 4,454 shares of the firm’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $118.52, for a total value of $527,888.08. Following the transaction, the vice president now directly owns 17,266 shares of the company’s stock, valued at $2,046,366.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP David Eric Russell sold 4,454 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $118.52, for a total transaction of $527,888.08. Following the transaction, the vice president now directly owns 17,266 shares of the company’s stock, valued at $2,046,366.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Weir Mirian M. Graddick sold 1,215 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $118.30, for a total transaction of $143,734.50. Following the transaction, the director now directly owns 1,233 shares in the company, valued at $145,863.90. The disclosure for this sale can be found here. Insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

YUM has been the subject of several recent research reports. Morgan Stanley decreased their price target on shares of Yum! Brands from $146.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday, July 18th. The Goldman Sachs Group upgraded shares of Yum! Brands from a “sell” rating to a “buy” rating and increased their price objective for the stock from $125.00 to $135.00 in a research report on Monday, July 18th. Sanford C. Bernstein began coverage on shares of Yum! Brands in a research report on Wednesday, September 7th. They set an “outperform” rating and a $144.00 price objective for the company. Robert W. Baird set a $146.00 price objective on shares of Yum! Brands in a research report on Tuesday, July 19th. Finally, Citigroup decreased their price objective on shares of Yum! Brands from $148.00 to $145.00 in a research report on Thursday, July 21st. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Yum! Brands presently has an average rating of “Moderate Buy” and an average target price of $137.93.

About Yum! Brands

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YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. The company 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.

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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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