Janney Montgomery Scott LLC Sells 2,463 Shares of Yum! Brands, Inc. (NYSE:YUM)

Janney Montgomery Scott LLC trimmed its position in shares of Yum! Brands, Inc. (NYSE:YUMFree Report) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,562 shares of the restaurant operator’s stock after selling 2,463 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Yum! Brands were worth $5,763,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Belpointe Asset Management LLC bought a new stake in shares of Yum! Brands during the third quarter valued at approximately $212,000. Creative Planning grew its stake in shares of Yum! Brands by 11.6% during the third quarter. Creative Planning now owns 89,342 shares of the restaurant operator’s stock valued at $11,162,000 after purchasing an additional 9,288 shares during the last quarter. Comerica Bank bought a new stake in shares of Yum! Brands during the third quarter valued at approximately $11,253,000. Public Sector Pension Investment Board grew its stake in shares of Yum! Brands by 11.8% during the third quarter. Public Sector Pension Investment Board now owns 30,016 shares of the restaurant operator’s stock valued at $3,750,000 after purchasing an additional 3,173 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its stake in shares of Yum! Brands by 29.0% during the third quarter. EP Wealth Advisors LLC now owns 13,260 shares of the restaurant operator’s stock valued at $1,657,000 after purchasing an additional 2,984 shares during the last quarter. 82.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on YUM shares. Argus reissued a “hold” rating on shares of Yum! Brands in a research note on Wednesday, April 10th. JPMorgan Chase & Co. increased their price target on shares of Yum! Brands from $132.00 to $140.00 and gave the company a “neutral” rating in a research note on Monday, June 3rd. BMO Capital Markets increased their price target on shares of Yum! Brands from $133.00 to $135.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Barclays increased their price objective on shares of Yum! Brands from $144.00 to $148.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Finally, The Goldman Sachs Group initiated coverage on shares of Yum! Brands in a report on Thursday, June 13th. They issued a “neutral” rating and a $150.00 price objective on the stock. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Yum! Brands currently has an average rating of “Hold” and an average price target of $144.33.

View Our Latest Stock Analysis on Yum! Brands

Yum! Brands Stock Performance

YUM opened at $126.68 on Wednesday. The firm’s fifty day moving average is $135.79 and its two-hundred day moving average is $135.05. The firm has a market cap of $35.68 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 2.07 and a beta of 1.07. Yum! Brands, Inc. has a twelve month low of $115.53 and a twelve month high of $143.20.

Yum! Brands (NYSE:YUMGet Free Report) last posted its earnings results on Wednesday, May 1st. The restaurant operator reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.05). The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.71 billion. Yum! Brands had a negative return on equity of 18.64% and a net margin of 22.92%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the business posted $1.06 earnings per share. Equities analysts forecast that Yum! Brands, Inc. will post 5.64 EPS for the current fiscal year.

Yum! Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Tuesday, May 28th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, May 24th. Yum! Brands’s dividend payout ratio is 47.52%.

Yum! Brands declared that its board has approved a share buyback program on Wednesday, May 15th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the restaurant operator to repurchase up to 5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Yum! Brands

In other news, insider Scott Catlett sold 5,994 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $141.50, for a total transaction of $848,151.00. Following the completion of the sale, the insider now owns 34,889 shares of the company’s stock, valued at $4,936,793.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Scott Catlett sold 5,994 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $141.50, for a total transaction of $848,151.00. Following the completion of the sale, the insider now owns 34,889 shares of the company’s stock, valued at $4,936,793.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David W. Gibbs sold 7,078 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $138.37, for a total transaction of $979,382.86. Following the sale, the chief executive officer now directly owns 172,128 shares of the company’s stock, valued at approximately $23,817,351.36. The disclosure for this sale can be found here. Insiders sold 33,515 shares of company stock valued at $4,620,080 over the last quarter. Corporate insiders own 0.31% of the company’s stock.

About Yum! Brands

(Free Report)

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.

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

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