Fidelis Capital Partners LLC Sells 143 Shares of Yum! Brands, Inc. (NYSE:YUM)

Fidelis Capital Partners LLC lowered its holdings in Yum! Brands, Inc. (NYSE:YUM) by 8.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,588 shares of the restaurant operator’s stock after selling 143 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Yum! Brands were worth $217,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of YUM. 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 worth $271,000 after buying an additional 76 shares in the last quarter. Legacy Financial Advisors Inc. raised its position in shares of Yum! Brands by 2.2% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 3,460 shares of the restaurant operator’s stock worth $458,000 after acquiring an additional 76 shares in the last quarter. Wesbanco Bank Inc. lifted its stake in shares of Yum! Brands by 1.9% during the 2nd quarter. Wesbanco Bank Inc. now owns 4,169 shares of the restaurant operator’s stock worth $552,000 after purchasing an additional 78 shares during the last quarter. Choreo LLC lifted its stake 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 purchasing an additional 82 shares during the last quarter. Finally, Marcum Wealth LLC boosted its position in Yum! Brands by 3.4% during the second quarter. Marcum Wealth LLC now owns 2,477 shares of the restaurant operator’s stock valued at $328,000 after purchasing an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Yum! Brands Stock Up 0.5 %

Shares of NYSE:YUM opened at $130.37 on Tuesday. Yum! Brands, Inc. has a 52-week low of $115.53 and a 52-week high of $143.20. The stock has a market cap of $36.72 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 2.06 and a beta of 1.08. The business has a 50-day moving average price of $133.34 and a 200-day moving average price of $135.43.

Yum! Brands (NYSE:YUM) last posted 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. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates 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 period last year, the firm posted $1.41 EPS. As a group, equities analysts anticipate that Yum! Brands, Inc. will post 5.62 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.06%. The ex-dividend date was Tuesday, August 27th. Yum! Brands’s payout ratio is 47.52%.

Wall Street Analyst Weigh In

A number of brokerages have commented on YUM. Morgan Stanley reduced their target price on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. The Goldman Sachs Group initiated coverage on shares of Yum! Brands in a research report on Thursday, June 13th. They set a “neutral” rating and a $150.00 target price for the company. Deutsche Bank Aktiengesellschaft upped their price target on Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. upped their price target on Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, 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 note on Wednesday, August 7th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $145.25.

Insiders Place Their Bets

In other Yum! Brands news, CEO David W. Gibbs sold 6,961 shares of Yum! Brands stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $131.02, for a total transaction of $912,030.22. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In other Yum! Brands news, CEO Sabir Sami sold 71,051 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $137.16, for a total value of $9,745,355.16. Following the completion of the transaction, the chief executive officer now directly owns 68 shares of the company’s stock, valued at $9,326.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David W. Gibbs sold 6,961 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $131.02, for a total transaction of $912,030.22. Following the sale, the chief executive officer now directly owns 162,381 shares in the company, valued at approximately $21,275,158.62. 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. Company 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.