Yum! Brands, Inc. (NYSE:YUM) Shares Purchased by Quarry LP

Quarry LP boosted its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 191.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,512 shares of the restaurant operator’s stock after buying an additional 993 shares during the period. Quarry LP’s holdings in Yum! Brands were worth $200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Manchester Capital Management LLC raised its position in shares of Yum! Brands by 165.7% in 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. Ruedi Wealth Management Inc. raised its position in Yum! Brands by 79.8% during the 1st quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock worth $26,000 after buying an additional 83 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new position in Yum! Brands during the first quarter valued at $28,000. Crewe Advisors LLC acquired a new stake in Yum! Brands during the 1st quarter worth about $28,000. Finally, Meeder Asset Management Inc. boosted its position in Yum! Brands by 43.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 82 shares in the last quarter. 82.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on YUM shares. TD Cowen reiterated a “buy” rating and issued a $156.00 target price on shares of Yum! Brands in a research note on Thursday, September 12th. Robert W. Baird lifted their price target on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Evercore ISI downgraded 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. JPMorgan Chase & Co. raised their price objective on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $145.25.

Yum! Brands Stock Down 0.2 %

Yum! Brands stock opened at $139.67 on Tuesday. The company has a fifty day simple moving average of $134.19 and a 200-day simple moving average of $135.35. The firm has a market capitalization of $39.27 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 2.14 and a beta of 1.08. Yum! Brands, Inc. has a 52-week low of $115.53 and a 52-week high of $143.20.

Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.02. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. On average, research analysts anticipate that Yum! Brands, Inc. will post 5.61 EPS for the current fiscal year.

Yum! Brands Announces Dividend

The business also recently disclosed 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 was Tuesday, August 27th. This represents a $2.68 dividend on an annualized basis and a yield of 1.92%. Yum! Brands’s payout ratio is 47.52%.

Insiders Place Their Bets

In other news, insider Scott Catlett sold 8,234 shares of Yum! Brands stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $137.79, for a total transaction of $1,134,562.86. Following the transaction, the insider now owns 29,159 shares in the company, valued at approximately $4,017,818.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Scott Catlett sold 8,234 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $137.79, for a total transaction of $1,134,562.86. Following the completion of the sale, the insider now owns 29,159 shares in the company, valued at approximately $4,017,818.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Weir Mirian M. Graddick sold 1,309 shares of Yum! Brands stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $137.40, for a total transaction of $179,856.60. Following the sale, the director now directly owns 1,233 shares in the company, 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. 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.