Oppenheimer Asset Management Inc. Sells 328 Shares of Yum! Brands, Inc. (NYSE:YUM)

Oppenheimer Asset Management Inc. lowered its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,564 shares of the restaurant operator’s stock after selling 328 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Yum! Brands were worth $2,062,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators increased its position in shares of Yum! Brands by 3.9% in the second quarter. Deseret Mutual Benefit Administrators now owns 2,049 shares of the restaurant operator’s stock worth $271,000 after purchasing an additional 76 shares during the period. Wesbanco Bank Inc. increased its holdings in Yum! Brands by 1.9% in the 2nd quarter. Wesbanco Bank Inc. now owns 4,169 shares of the restaurant operator’s stock valued at $552,000 after buying an additional 78 shares during the period. Choreo LLC increased its holdings in Yum! Brands by 1.6% in the 1st quarter. Choreo LLC now owns 5,312 shares of the restaurant operator’s stock valued at $737,000 after buying an additional 82 shares during the period. Marcum Wealth LLC raised its position in shares of Yum! Brands by 3.4% in the 2nd quarter. Marcum Wealth LLC now owns 2,477 shares of the restaurant operator’s stock valued at $328,000 after buying an additional 82 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Yum! Brands by 43.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 82 shares during the period. Institutional investors own 82.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. TD Cowen reissued a “buy” rating and issued a $156.00 price objective on shares of Yum! Brands in a research note on Thursday, September 12th. Deutsche Bank Aktiengesellschaft boosted their price target on Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Morgan Stanley reduced their price objective on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Stifel Nicolaus lowered their target price on Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Finally, Evercore ISI downgraded shares of Yum! Brands from an “outperform” rating to an “inline” rating and reduced their price target for the company from $160.00 to $145.00 in a research note on Tuesday, July 16th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $145.25.

Yum! Brands Stock Down 1.6 %

Shares of Yum! Brands stock opened at $132.35 on Wednesday. The stock has a market cap of $37.21 billion, a price-to-earnings ratio of 23.47, a P/E/G ratio of 2.04 and a beta of 1.08. Yum! Brands, Inc. has a twelve month low of $115.53 and a twelve month high of $143.20. The company’s fifty day moving average is $133.27 and its 200 day moving average is $135.68.

Yum! Brands (NYSE:YUM) last issued 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 company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the company earned $1.41 earnings per share. As a group, equities analysts anticipate that Yum! Brands, Inc. will post 5.62 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were given a $0.67 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.02%. Yum! Brands’s dividend payout ratio (DPR) is currently 47.52%.

Insider Activity

In related news, CEO Sabir Sami sold 71,051 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $137.16, for a total value of $9,745,355.16. Following the transaction, the chief executive officer now owns 68 shares in the company, valued at $9,326.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO David W. Gibbs sold 7,005 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $134.43, for a total value of $941,682.15. Following the transaction, the chief executive officer now directly owns 155,883 shares in the company, valued at approximately $20,955,351.69. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sabir Sami sold 71,051 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $137.16, for a total transaction of $9,745,355.16. Following the sale, the chief executive officer now directly owns 68 shares of the company’s stock, valued at $9,326.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,629 shares of company stock valued at $13,888,443. 0.31% of the stock is currently owned by insiders.

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.