Envestnet Asset Management Inc. Purchases 850 Shares of Yum! Brands, Inc. (NYSE:YUM)

Envestnet Asset Management Inc. lifted its position in Yum! Brands, Inc. (NYSE:YUM) by 0.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 256,459 shares of the restaurant operator’s stock after buying an additional 850 shares during the period. Envestnet Asset Management Inc. owned about 0.09% of Yum! Brands worth $33,971,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Yum! Brands by 24.0% in the 1st quarter. Vanguard Group Inc. now owns 29,012,969 shares of the restaurant operator’s stock valued at $4,022,648,000 after acquiring an additional 5,607,517 shares in the last quarter. Capital World Investors lifted its holdings in shares of Yum! Brands by 23.7% during the first quarter. Capital World Investors now owns 18,121,611 shares of the restaurant operator’s stock valued at $2,512,561,000 after purchasing an additional 3,470,883 shares in the last quarter. Capital International Investors boosted its position in shares of Yum! Brands by 10.2% during the first quarter. Capital International Investors now owns 14,669,356 shares of the restaurant operator’s stock valued at $2,033,906,000 after buying an additional 1,362,813 shares during the last quarter. Sustainable Growth Advisers LP increased its holdings in Yum! Brands by 2.1% in the 1st quarter. Sustainable Growth Advisers LP now owns 5,939,663 shares of the restaurant operator’s stock worth $823,534,000 after buying an additional 121,285 shares in the last quarter. Finally, TD Asset Management Inc raised its position in Yum! Brands by 36.6% in the 1st quarter. TD Asset Management Inc now owns 2,174,526 shares of the restaurant operator’s stock worth $301,498,000 after buying an additional 582,267 shares during the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Yum! Brands Price Performance

Shares of YUM stock opened at $129.71 on Friday. Yum! Brands, Inc. has a one year low of $115.53 and a one year high of $143.20. The company’s fifty day moving average price is $133.29 and its 200-day moving average price is $135.55. The company has a market capitalization of $36.53 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 2.06 and a beta of 1.08.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results 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 analyst estimates of $1.80 billion. During the same quarter in the prior year, the business posted $1.41 EPS. Equities research analysts expect that Yum! Brands, Inc. will post 5.62 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were issued a $0.67 dividend. 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 2.07%. Yum! Brands’s dividend payout ratio is presently 47.52%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price target 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. The Goldman Sachs Group assumed coverage on shares of Yum! Brands in a research report on Thursday, June 13th. They issued a “neutral” rating and a $150.00 target price for the company. JPMorgan Chase & Co. increased their price target on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Robert W. Baird lifted their price objective on Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, TD Cowen reissued a “buy” rating and issued a $156.00 target price on shares of Yum! Brands in a report on Thursday, September 12th. Ten research 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 target price of $145.25.

Insider Buying and Selling

In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $134.43, for a total transaction of $941,682.15. Following the completion of the sale, the chief executive officer now directly owns 155,883 shares of the company’s stock, valued at approximately $20,955,351.69. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Yum! Brands news, CEO David W. Gibbs sold 7,069 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $137.92, for a total value of $974,956.48. Following the sale, the chief executive officer now owns 159,132 shares in the company, valued at approximately $21,947,485.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David W. Gibbs sold 7,005 shares of the firm’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 owns 155,883 shares of the company’s stock, valued at approximately $20,955,351.69. 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. Corporate insiders own 0.31% of the company’s stock.

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.