Amalgamated Bank Has $7.72 Million Stake in Yum! Brands, Inc. (NYSE:YUM)

Amalgamated Bank reduced its position in Yum! Brands, Inc. (NYSE:YUM) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,262 shares of the restaurant operator’s stock after selling 2,306 shares during the quarter. Amalgamated Bank’s holdings in Yum! Brands were worth $7,717,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Norden Group LLC bought a new position in Yum! Brands during the first quarter worth $3,415,000. Leo Wealth LLC acquired a new position in Yum! Brands during the fourth quarter worth $268,000. Syon Capital LLC grew its holdings in shares of Yum! Brands by 3.0% during the fourth quarter. Syon Capital LLC now owns 3,342 shares of the restaurant operator’s stock valued at $437,000 after buying an additional 96 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Yum! Brands by 1.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 333,131 shares of the restaurant operator’s stock worth $44,000,000 after acquiring an additional 5,137 shares in the last quarter. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of Yum! Brands in the 1st quarter worth about $1,259,000. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Yum! Brands

In other Yum! Brands news, insider Scott Catlett sold 8,234 shares of the stock in a transaction on Tuesday, August 13th. The stock was 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 document filed with the SEC, which is available at this hyperlink. In related news, insider Scott Catlett sold 8,234 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $137.79, for a total transaction of $1,134,562.86. Following the sale, the insider now directly owns 29,159 shares in the company, valued at approximately $4,017,818.61. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Weir Mirian M. Graddick sold 1,309 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $169,414.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,629 shares of company stock worth $13,888,443. Corporate insiders own 0.31% of the company’s stock.

Yum! Brands Price Performance

Shares of YUM opened at $131.03 on Friday. Yum! Brands, Inc. has a 1 year low of $115.53 and a 1 year high of $143.20. The stock’s fifty day moving average price is $133.32 and its two-hundred day moving average price is $135.62. The firm has a market cap of $36.90 billion, a PE ratio of 23.23, a PEG ratio of 2.06 and a beta of 1.08.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) 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 negative return on equity of 18.90% and a net margin of 21.96%. During the same period in the previous year, the business posted $1.41 EPS. Sell-side analysts anticipate that Yum! Brands, Inc. will post 5.62 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum! Brands’s dividend payout ratio (DPR) is presently 47.52%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on YUM. JPMorgan Chase & Co. lifted their price target on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday. Stifel Nicolaus decreased their price target on Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a report on Monday, July 22nd. The Goldman Sachs Group started coverage on shares of Yum! Brands in a report on Thursday, June 13th. They set a “neutral” rating and a $150.00 price objective on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Yum! Brands from $143.00 to $147.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Finally, Morgan Stanley cut their price target on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $145.25.

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.