Yum! Brands, Inc. (NYSE:YUM) Holdings Lowered by Moors & Cabot Inc.

Moors & Cabot Inc. decreased its stake in Yum! Brands, Inc. (NYSE:YUM) by 0.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,547 shares of the restaurant operator’s stock after selling 84 shares during the quarter. Moors & Cabot Inc.’s holdings in Yum! Brands were worth $1,265,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of YUM. Deseret Mutual Benefit Administrators lifted its holdings 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 valued at $271,000 after purchasing an additional 76 shares in the last quarter. Wesbanco Bank Inc. boosted its position in Yum! Brands by 1.9% during the 2nd quarter. Wesbanco Bank Inc. now owns 4,169 shares of the restaurant operator’s stock worth $552,000 after acquiring an additional 78 shares during the period. Choreo LLC grew its stake in Yum! Brands by 1.6% during the 1st quarter. Choreo LLC now owns 5,312 shares of the restaurant operator’s stock valued at $737,000 after acquiring an additional 82 shares in the last quarter. Marcum Wealth LLC increased its holdings 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 purchasing an additional 82 shares during the period. Finally, Meeder Asset Management Inc. lifted its position in shares of Yum! Brands by 43.6% in the second quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Yum! Brands Stock Performance

Shares of YUM stock opened at $130.60 on Thursday. The firm has a fifty day moving average of $133.29 and a 200-day moving average of $135.65. The stock has a market cap of $36.78 billion, a price-to-earnings ratio of 23.16, a P/E/G ratio of 2.06 and a beta of 1.08. 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 earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.02. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. During the same quarter in the previous year, the firm posted $1.41 earnings per share. On average, sell-side analysts predict that Yum! Brands, Inc. will post 5.62 earnings per share for the current year.

Yum! Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $2.68 annualized dividend and a yield of 2.05%. Yum! Brands’s dividend payout ratio is currently 47.52%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. TD Cowen reaffirmed a “buy” rating and set a $156.00 price objective on shares of Yum! Brands in a research report on Thursday, September 12th. Stifel Nicolaus dropped their price target on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. JPMorgan Chase & Co. lifted their price objective on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday. The Goldman Sachs Group started coverage on Yum! Brands in a research report on Thursday, June 13th. They issued a “neutral” rating and a $150.00 target price on the stock. Finally, Robert W. Baird boosted their price target on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $145.25.

Insider Transactions at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were 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 $20,955,351.69. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Yum! Brands news, Director Weir Mirian M. Graddick sold 1,309 shares of Yum! Brands stock in a transaction on Monday, August 19th. The stock was 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 owns 1,233 shares in the company, valued at approximately $169,414.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 sale, the chief executive officer now owns 155,883 shares in the company, valued at approximately $20,955,351.69. The disclosure for this sale can be found here. In the last quarter, insiders have sold 101,629 shares of company stock valued at $13,888,443. 0.31% of the stock is 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.