Carnegie Investment Counsel Purchases 306 Shares of Yum! Brands, Inc. $YUM

Carnegie Investment Counsel boosted its position in Yum! Brands, Inc. (NYSE:YUM) by 16.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,216 shares of the restaurant operator’s stock after purchasing an additional 306 shares during the quarter. Carnegie Investment Counsel’s holdings in Yum! Brands were worth $328,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in YUM. HFM Investment Advisors LLC bought a new position in shares of Yum! Brands during the first quarter valued at $25,000. Greykasell Wealth Strategies Inc. bought a new position in shares of Yum! Brands during the first quarter valued at $25,000. Manchester Capital Management LLC increased its holdings in shares of 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 acquiring an additional 71 shares in the last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Yum! Brands during the second quarter valued at $29,000. Finally, Wayfinding Financial LLC bought a new position in shares of Yum! Brands during the first quarter valued at $32,000. Institutional investors own 82.37% of the company’s stock.

Insider Transactions at Yum! Brands

In other Yum! Brands news, Director Weir Mirian M. Graddick sold 2,038 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $145.30, for a total value of $296,121.40. Following the transaction, the director directly owned 1,233 shares of the company’s stock, valued at approximately $179,154.90. This trade represents a 62.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David W. Gibbs sold 7,176 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $149.80, for a total value of $1,074,964.80. Following the completion of the transaction, the chief executive officer directly owned 102,893 shares in the company, valued at $15,413,371.40. The trade was a 6.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,078 shares of company stock valued at $4,304,785. Company insiders own 0.33% of the company’s stock.

Yum! Brands Stock Performance

NYSE YUM opened at $143.37 on Monday. Yum! Brands, Inc. has a one year low of $122.13 and a one year high of $163.30. The stock has a 50-day moving average of $147.35 and a 200 day moving average of $146.30. The company has a market capitalization of $39.79 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 2.22 and a beta of 0.72.

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

Yum! Brands Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on YUM. Citigroup raised their price target on Yum! Brands from $156.00 to $158.00 and gave the company a “neutral” rating in a report on Monday, October 20th. Wells Fargo & Company reduced their price target on Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating for the company in a report on Wednesday, August 6th. Barclays reduced their price target on Yum! Brands from $164.00 to $163.00 and set an “overweight” rating for the company in a report on Wednesday. Melius assumed coverage on Yum! Brands in a report on Monday, July 14th. They issued a “buy” rating and a $200.00 price objective for the company. Finally, Evercore ISI reduced their price objective on Yum! Brands from $170.00 to $165.00 and set an “in-line” rating for the company in a report on Wednesday, August 6th. Eleven research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $163.14.

Yum! Brands 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.