Magnolia Capital Advisors LLC Takes $451,000 Position in Yum! Brands, Inc. (NYSE:YUM)

Magnolia Capital Advisors LLC acquired a new stake in Yum! Brands, Inc. (NYSE:YUM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,404 shares of the restaurant operator’s stock, valued at approximately $451,000.

Several other institutional investors have also modified their holdings of the stock. Creative Planning lifted its stake in shares of Yum! Brands by 3.1% in the 2nd quarter. Creative Planning now owns 94,575 shares of the restaurant operator’s stock valued at $12,527,000 after purchasing an additional 2,803 shares during the last quarter. Ascent Group LLC lifted its stake in shares of Yum! Brands by 6.8% during the 2nd quarter. Ascent Group LLC now owns 2,185 shares of the restaurant operator’s stock worth $289,000 after acquiring an additional 140 shares during the last quarter. Goodman Advisory Group LLC bought a new stake in shares of Yum! Brands during the 2nd quarter worth approximately $395,000. Legal & General Group Plc lifted its stake in shares of Yum! Brands by 3.4% during the 2nd quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock worth $419,123,000 after acquiring an additional 104,328 shares during the last quarter. Finally, Maverick Capital Ltd. lifted its stake in shares of Yum! Brands by 87.0% during the 2nd quarter. Maverick Capital Ltd. now owns 22,362 shares of the restaurant operator’s stock worth $2,962,000 after acquiring an additional 10,403 shares during the last quarter. 82.37% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Yum! Brands news, CEO David W. Gibbs sold 6,961 shares of the 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 completion of the sale, the chief executive officer now directly owns 162,381 shares in the company, valued at $21,275,158.62. The transaction was disclosed in a document filed with the SEC, which is available at 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 shares were sold at an average price of $137.16, for a total transaction of $9,745,355.16. Following the sale, the chief executive officer now owns 68 shares of the company’s stock, valued at approximately $9,326.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David W. Gibbs sold 6,961 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold a total of 101,629 shares of company stock worth $13,888,443 in the last ninety days. 0.31% of the stock is owned by insiders.

Yum! Brands Trading Down 0.2 %

Shares of NYSE:YUM opened at $139.67 on Tuesday. Yum! Brands, Inc. has a 12-month low of $115.53 and a 12-month high of $143.20. The business’s fifty day simple moving average is $134.19 and its 200-day simple moving average is $135.35. The company has a market capitalization of $39.27 billion, a PE ratio of 24.76, a P/E/G ratio of 2.14 and a beta of 1.08.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the business posted $1.41 EPS. Research analysts predict that Yum! Brands, Inc. will post 5.61 EPS for the current year.

Yum! Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were issued a $0.67 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.92%. Yum! Brands’s dividend payout ratio is presently 47.52%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on YUM. TD Cowen reissued a “buy” rating and set a $156.00 price target on shares of Yum! Brands in a research note on Thursday, September 12th. Stifel Nicolaus decreased their price target on Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Robert W. Baird raised their price target on Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. raised their price target on Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Finally, Morgan Stanley decreased their price target on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.