Yum! Brands, Inc. (NYSE:YUM) Shares Purchased by AE Wealth Management LLC

AE Wealth Management LLC lifted its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 10.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,448 shares of the restaurant operator’s stock after purchasing an additional 12,610 shares during the period. AE Wealth Management LLC’s holdings in Yum! Brands were worth $17,412,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Deseret Mutual Benefit Administrators raised its stake in Yum! Brands by 3.9% during 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. lifted its holdings in Yum! Brands by 1.9% in the second quarter. Wesbanco Bank Inc. now owns 4,169 shares of the restaurant operator’s stock valued at $552,000 after acquiring an additional 78 shares during the last quarter. Choreo LLC grew its position in Yum! Brands by 1.6% in the first 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 increased its stake in Yum! Brands by 3.4% during the second quarter. Marcum Wealth LLC now owns 2,477 shares of the restaurant operator’s stock worth $328,000 after acquiring an additional 82 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its position 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 purchasing an additional 82 shares during the period. 82.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO David W. Gibbs sold 7,069 shares of Yum! Brands 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 transaction, the chief executive officer now directly owns 159,132 shares in the company, valued at approximately $21,947,485.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO David W. Gibbs sold 7,069 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $137.92, for a total value of $974,956.48. Following the completion of the sale, the chief executive officer now owns 159,132 shares in the company, valued at $21,947,485.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Weir Mirian M. Graddick sold 1,309 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $137.40, for a total value of $179,856.60. Following the completion of the sale, the director now directly owns 1,233 shares of the company’s stock, valued at approximately $169,414.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 101,629 shares of company stock valued at $13,888,443. Company insiders own 0.31% of the company’s stock.

Yum! Brands Stock Performance

Yum! Brands stock opened at $129.71 on Friday. The stock has a 50-day simple moving average of $133.29 and a 200-day simple moving average of $135.55. The company has a market capitalization of $36.53 billion, a P/E ratio of 23.00, a PEG ratio of 2.06 and a beta of 1.08. Yum! Brands, Inc. has a fifty-two week low of $115.53 and a fifty-two week high of $143.20.

Yum! Brands (NYSE:YUM) last announced its earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.02. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate 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 prior year, the firm earned $1.41 earnings per share. As a group, analysts forecast that Yum! Brands, Inc. will post 5.62 earnings per share for the current year.

Yum! Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were paid a $0.67 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $2.68 annualized dividend and a dividend yield of 2.07%. Yum! Brands’s dividend payout ratio (DPR) is currently 47.52%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Morgan Stanley cut their price objective on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. TD Cowen restated a “buy” rating and issued a $156.00 price objective on shares of Yum! Brands in a report on Thursday, September 12th. JPMorgan Chase & Co. increased their price objective on shares of Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Evercore ISI lowered Yum! Brands from an “outperform” rating to an “inline” rating and lowered their price target for the stock from $160.00 to $145.00 in a research report on Tuesday, July 16th. Finally, The Goldman Sachs Group assumed coverage on Yum! Brands in a report on Thursday, June 13th. They issued a “neutral” rating and a $150.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.