Parallel Advisors LLC Sells 88 Shares of Yum! Brands, Inc. (NYSE:YUM)

Parallel Advisors LLC trimmed its holdings in Yum! Brands, Inc. (NYSE:YUM) by 1.7% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 5,196 shares of the restaurant operator’s stock after selling 88 shares during the quarter. Parallel Advisors LLC’s holdings in Yum! Brands were worth $688,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Ruedi Wealth Management Inc. raised its position in Yum! Brands by 79.8% in the 1st quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 83 shares during the period. Manchester Capital Management LLC grew its stake in shares of Yum! Brands by 165.7% during the first quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 116 shares during the last quarter. Redmont Wealth Advisors LLC purchased a new position in shares of Yum! Brands in the first quarter worth about $28,000. Crewe Advisors LLC bought a new stake in shares of Yum! Brands in the 1st quarter valued at about $28,000. Finally, Meeder Asset Management Inc. boosted its holdings in Yum! Brands by 43.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 82 shares during the period. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Insiders Place Their Bets

In other news, Director Weir Mirian M. Graddick sold 1,309 shares of Yum! Brands stock in a transaction that occurred on Monday, August 19th. The shares were 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 directly owns 1,233 shares in the company, valued at $169,414.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Scott Catlett sold 8,234 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $137.79, for a total transaction of $1,134,562.86. Following the sale, the insider now owns 29,159 shares in the company, valued at $4,017,818.61. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Weir Mirian M. Graddick sold 1,309 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $137.40, for a total value of $179,856.60. Following the completion of the transaction, the director now directly owns 1,233 shares in the company, valued at $169,414.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 94,624 shares of company stock worth $12,946,761. 0.31% of the stock is currently owned by company insiders.

Yum! Brands Stock Performance

Shares of NYSE:YUM opened at $134.55 on Tuesday. The firm has a market capitalization of $37.83 billion, a P/E ratio of 23.86, a P/E/G ratio of 2.04 and a beta of 1.08. The stock has a 50 day moving average price of $133.15 and a 200-day moving average price of $135.72. Yum! Brands, Inc. has a 52-week low of $115.53 and a 52-week high of $143.20.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.02. Yum! Brands had a negative return on equity of 18.90% and a net margin of 21.96%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the company earned $1.41 earnings per share. On average, equities analysts forecast that Yum! Brands, Inc. will post 5.62 EPS for the current fiscal year.

Yum! Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.99%. The ex-dividend date was Tuesday, August 27th. Yum! Brands’s payout ratio is currently 47.52%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Robert W. Baird boosted their price objective on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Morgan Stanley lowered their price target on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. JPMorgan Chase & Co. raised their price target on shares of Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a report on Monday. TD Cowen reaffirmed a “buy” rating and set a $156.00 price objective on shares of Yum! Brands in a research note on Thursday, September 12th. Finally, Stifel Nicolaus dropped their target price on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $145.25.

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.