Godshalk Welsh Capital Management Inc. Sells 100 Shares of Yum! Brands, Inc. (NYSE:YUM)

Godshalk Welsh Capital Management Inc. lessened its holdings in Yum! Brands, Inc. (NYSE:YUM) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,495 shares of the restaurant operator’s stock after selling 100 shares during the quarter. Godshalk Welsh Capital Management Inc.’s holdings in Yum! Brands were worth $860,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Deseret Mutual Benefit Administrators raised its stake in 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. raised its position in shares of 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 in the last quarter. Choreo LLC lifted its holdings in shares of Yum! Brands by 1.6% during the 1st quarter. Choreo LLC now owns 5,312 shares of the restaurant operator’s stock worth $737,000 after acquiring an additional 82 shares during the period. Marcum Wealth LLC boosted its position in shares of Yum! Brands by 3.4% during the 2nd quarter. Marcum Wealth LLC now owns 2,477 shares of the restaurant operator’s stock worth $328,000 after acquiring an additional 82 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its stake in Yum! Brands by 43.6% in the second 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 last quarter. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Yum! Brands

In other news, CEO David W. Gibbs sold 6,961 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $131.02, for a total value of $912,030.22. Following the transaction, the chief executive officer now directly owns 162,381 shares of the company’s stock, valued at approximately $21,275,158.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO David W. Gibbs sold 6,961 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $131.02, for a total transaction of $912,030.22. Following the transaction, the chief executive officer now owns 162,381 shares in the company, valued at approximately $21,275,158.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David W. Gibbs sold 7,069 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $137.92, for a total transaction of $974,956.48. Following the completion of the sale, the chief executive officer now owns 159,132 shares of the company’s stock, valued at $21,947,485.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,629 shares of company stock valued at $13,888,443. 0.31% of the stock is currently owned by insiders.

Yum! Brands Trading Up 0.3 %

Shares of YUM stock opened at $131.03 on Friday. The stock has a 50-day moving average of $133.32 and a 200-day moving average of $135.62. The stock has a market cap of $36.90 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 2.06 and a beta of 1.08. Yum! Brands, Inc. has a 1-year low of $115.53 and a 1-year high of $143.20.

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

Yum! Brands Announces Dividend

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

Analyst Ratings Changes

YUM has been the topic of a number of research analyst reports. Robert W. Baird raised their target price on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Stifel Nicolaus decreased their target price on Yum! Brands from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. The Goldman Sachs Group started coverage on shares of Yum! Brands in a report on Thursday, June 13th. They issued a “neutral” rating and a $150.00 target price for the company. 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. Finally, Morgan Stanley lowered their price objective on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $145.25.

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.