Mutual of America Capital Management LLC Lowers Holdings in Yum! Brands, Inc. (NYSE:YUM)

Mutual of America Capital Management LLC trimmed its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 3.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 35,540 shares of the restaurant operator’s stock after selling 1,325 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Yum! Brands were worth $4,708,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Ruedi Wealth Management Inc. grew its holdings in shares of Yum! Brands by 79.8% during the first quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 83 shares during the last quarter. Manchester Capital Management LLC boosted its stake in Yum! Brands by 165.7% during the 1st quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 116 shares during the last quarter. Redmont Wealth Advisors LLC bought a new stake in shares of Yum! Brands in the 1st quarter worth $28,000. Crewe Advisors LLC purchased a new position in shares of Yum! Brands in the first quarter worth $28,000. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Yum! Brands by 43.6% during 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 in the last quarter. 82.37% of the stock is currently owned by institutional investors.

Insider Activity at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,069 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $137.92, for a total transaction of $974,956.48. Following the completion of the transaction, the chief executive officer now owns 159,132 shares of the company’s stock, valued at approximately $21,947,485.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO David W. Gibbs sold 7,069 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $137.92, for a total value of $974,956.48. Following the sale, the chief executive officer now directly owns 159,132 shares in the company, valued at $21,947,485.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sabir Sami sold 71,051 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $137.16, for a total value of $9,745,355.16. Following the transaction, the chief executive officer now owns 68 shares of the company’s stock, valued at approximately $9,326.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,629 shares of company stock valued at $13,888,443. Corporate insiders own 0.31% of the company’s stock.

Yum! Brands Stock Performance

Shares of YUM stock opened at $129.71 on Friday. The stock has a fifty day simple moving average of $133.29 and a two-hundred day simple moving average of $135.53. Yum! Brands, Inc. has a 52-week low of $115.53 and a 52-week high of $143.20. The firm has a market capitalization of $36.53 billion, a PE ratio of 23.00, a PEG ratio of 2.06 and a beta of 1.08.

Yum! Brands (NYSE:YUM) last issued its earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the company earned $1.41 EPS. On average, sell-side analysts forecast that Yum! Brands, Inc. will post 5.62 EPS for the current fiscal year.

Yum! Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors 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 dividend yield of 2.07%. Yum! Brands’s dividend payout ratio is 47.52%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on YUM shares. Robert W. Baird boosted their target price on Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group assumed coverage on shares of Yum! Brands in a report on Thursday, June 13th. They set a “neutral” rating and a $150.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their target price on shares of Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Stifel Nicolaus decreased their target price on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Finally, TD Cowen restated a “buy” rating and issued a $156.00 price target on shares of Yum! Brands in a research note on Thursday, September 12th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Yum! Brands presently has an average rating of “Hold” and a consensus 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.