Parallel Advisors LLC Buys 135 Shares of Yum! Brands, Inc. $YUM

Parallel Advisors LLC grew its stake in Yum! Brands, Inc. (NYSE:YUM) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,008 shares of the restaurant operator’s stock after buying an additional 135 shares during the quarter. Parallel Advisors LLC’s holdings in Yum! Brands were worth $742,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in YUM. Manchester Capital Management LLC lifted its holdings in Yum! Brands by 78.0% during the first quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 71 shares in the last quarter. Greykasell Wealth Strategies Inc. bought a new position in Yum! Brands in the 1st quarter worth $25,000. HFM Investment Advisors LLC bought a new stake in Yum! Brands during the first quarter valued at about $25,000. Wayfinding Financial LLC purchased a new position in shares of Yum! Brands in the first quarter valued at about $32,000. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of Yum! Brands in the first quarter worth about $38,000. 82.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Yum! Brands

In other news, CEO Scott Mezvinsky sold 263 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $139.92, for a total value of $36,798.96. Following the transaction, the chief executive officer directly owned 1,755 shares in the company, valued at approximately $245,559.60. This represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David W. Gibbs sold 7,176 shares of Yum! Brands stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $149.80, for a total transaction of $1,074,964.80. Following the sale, the chief executive officer owned 102,893 shares of the company’s stock, valued at $15,413,371.40. The trade was a 6.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,192 shares of company stock valued at $5,346,507 over the last ninety days. Company insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on YUM shares. Redburn Atlantic raised Yum! Brands from a “neutral” rating to a “buy” rating and lifted their target price for the company from $145.00 to $177.00 in a research note on Tuesday, June 10th. Guggenheim restated a “buy” rating and set a $167.00 target price (up previously from $165.00) on shares of Yum! Brands in a research report on Monday, August 4th. Wells Fargo & Company dropped their price objective on shares of Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating for the company in a report on Wednesday, August 6th. Sanford C. Bernstein set a $164.00 target price on Yum! Brands in a report on Tuesday, August 5th. Finally, TD Cowen dropped their price target on Yum! Brands from $158.00 to $156.00 and set a “hold” rating for the company in a research note on Tuesday, August 5th. Ten investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $161.23.

Yum! Brands Trading Down 2.0%

Shares of YUM opened at $145.26 on Friday. The company’s fifty day simple moving average is $146.29 and its 200-day simple moving average is $147.79. The company has a market cap of $40.32 billion, a P/E ratio of 28.65, a P/E/G ratio of 2.31 and a beta of 0.73. Yum! Brands, Inc. has a twelve month low of $122.13 and a twelve month high of $163.30.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.02). The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.35 earnings per share. Analysts predict that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Tuesday, September 2nd. Yum! Brands’s dividend payout ratio (DPR) is 56.02%.

About Yum! Brands

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.