Yum! Brands, Inc. $YUM Shares Purchased by Plancorp LLC

Plancorp LLC boosted its holdings in Yum! Brands, Inc. (NYSE:YUM) by 23.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,966 shares of the restaurant operator’s stock after acquiring an additional 955 shares during the quarter. Plancorp LLC’s holdings in Yum! Brands were worth $736,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Harrell Investment Partners LLC purchased a new position in shares of Yum! Brands in the 2nd quarter valued at about $557,000. Missouri Trust & Investment Co grew its position in Yum! Brands by 18.7% during the second quarter. Missouri Trust & Investment Co now owns 546 shares of the restaurant operator’s stock worth $81,000 after buying an additional 86 shares during the period. TD Private Client Wealth LLC lifted its position in shares of Yum! Brands by 19.6% during the 2nd quarter. TD Private Client Wealth LLC now owns 2,502 shares of the restaurant operator’s stock valued at $371,000 after acquiring an additional 410 shares during the period. IMS Capital Management purchased a new stake in shares of Yum! Brands during the 2nd quarter worth approximately $444,000. Finally, Maseco LLP acquired a new stake in shares of Yum! Brands in the 2nd quarter worth approximately $213,000. 82.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

YUM has been the subject of several research reports. Melius initiated coverage on Yum! Brands in a report on Monday, July 14th. They set a “buy” rating and a $200.00 price objective for the company. Wells Fargo & Company decreased their price objective on shares of Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 6th. Morgan Stanley dropped their target price on shares of Yum! Brands from $153.00 to $151.00 and set an “equal weight” rating for the company in a report on Wednesday, August 6th. JPMorgan Chase & Co. cut their target price on shares of Yum! Brands from $162.00 to $160.00 and set an “overweight” rating for the company in a research report on Wednesday, August 6th. Finally, Redburn Atlantic upgraded shares of Yum! Brands from a “neutral” rating to a “buy” rating and increased their price target for the company from $145.00 to $177.00 in a research report on Tuesday, June 10th. Ten investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $161.23.

Insider Transactions at Yum! Brands

In other news, CEO Scott Mezvinsky sold 272 shares of the business’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $148.28, for a total transaction of $40,332.16. Following the completion of the sale, the chief executive officer owned 1,755 shares in the company, valued at approximately $260,231.40. The trade was a 13.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Tracy L. Skeans sold 12,220 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $148.24, for a total transaction of $1,811,492.80. The disclosure for this sale can be found here. Insiders have sold a total of 36,192 shares of company stock worth $5,346,507 over the last ninety days. 0.33% of the stock is owned by insiders.

Yum! Brands Stock Up 0.7%

Shares of NYSE:YUM opened at $150.52 on Friday. The company has a market cap of $41.78 billion, a P/E ratio of 29.69, a P/E/G ratio of 2.33 and a beta of 0.73. The business has a fifty day simple moving average of $146.45 and a 200-day simple moving average of $147.42. Yum! Brands, Inc. has a 52 week low of $122.13 and a 52 week high of $163.30.

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

Yum! Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend 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.