HB Wealth Management LLC Purchases 2,081 Shares of Yum! Brands, Inc. (NYSE:YUM)

HB Wealth Management LLC raised its holdings in Yum! Brands, Inc. (NYSE:YUM) by 20.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 12,494 shares of the restaurant operator’s stock after acquiring an additional 2,081 shares during the quarter. HB Wealth Management LLC’s holdings in Yum! Brands were worth $1,655,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Ruedi Wealth Management Inc. increased its position in Yum! Brands by 79.8% during the 1st quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 83 shares during the period. Manchester Capital Management LLC boosted its stake in shares of Yum! Brands by 165.7% in 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 last quarter. Redmont Wealth Advisors LLC acquired a new stake in shares of Yum! Brands during the first quarter worth $28,000. Crewe Advisors LLC bought a new position in Yum! Brands during the first quarter worth $28,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Yum! Brands in the first quarter valued at $37,000. 82.37% of the stock is owned by institutional investors.

Insider Transactions at Yum! Brands

In other news, CEO David W. Gibbs sold 7,069 shares of the business’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 completion of the transaction, the chief executive officer now owns 159,132 shares of the company’s stock, valued at $21,947,485.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO David W. Gibbs sold 7,069 shares of Yum! Brands stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $137.92, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Weir Mirian M. Graddick sold 1,309 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $137.40, for a total transaction of $179,856.60. Following the completion of the transaction, the director now owns 1,233 shares of the company’s stock, valued at $169,414.20. The disclosure for this sale can be found here. Insiders sold 101,685 shares of company stock worth $13,910,094 over the last quarter. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

YUM has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price target on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. TD Cowen restated a “buy” rating and set a $156.00 price target on shares of Yum! Brands in a report on Tuesday, August 6th. Evercore ISI downgraded Yum! Brands from an “outperform” rating to an “inline” rating and reduced their target price for the company from $160.00 to $145.00 in a research note on Tuesday, July 16th. Stifel Nicolaus dropped their price target on Yum! Brands from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on Yum! Brands from $132.00 to $140.00 and gave the company a “neutral” rating in a report on Monday, June 3rd. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Yum! Brands has a consensus rating of “Hold” and a consensus price target of $145.00.

Yum! Brands Stock Down 0.3 %

YUM stock opened at $135.25 on Friday. The business has a 50 day moving average of $132.44 and a 200-day moving average of $135.85. Yum! Brands, Inc. has a 12-month low of $115.53 and a 12-month high of $143.20. The firm has a market cap of $38.03 billion, a PE ratio of 23.98, a P/E/G ratio of 2.07 and a beta of 1.07.

Yum! Brands (NYSE:YUM) last issued its 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. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates 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 period in the previous year, the company posted $1.41 earnings per share. On average, research analysts expect that Yum! Brands, Inc. will post 5.62 earnings per share for the current year.

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

Yum! Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $2.68 dividend on an annualized basis and a yield of 1.98%. Yum! Brands’s dividend payout ratio 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.