Park Avenue Securities LLC Sells 1,070 Shares of Yum! Brands, Inc. (NYSE:YUM)

Park Avenue Securities LLC decreased its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 11.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,990 shares of the restaurant operator’s stock after selling 1,070 shares during the period. Park Avenue Securities LLC’s holdings in Yum! Brands were worth $1,116,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of YUM. Manchester Capital Management LLC grew its stake 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 worth $26,000 after acquiring an additional 116 shares in the last quarter. Ruedi Wealth Management Inc. increased its stake in Yum! Brands by 79.8% in the 1st 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. Redmont Wealth Advisors LLC bought a new position in shares of Yum! Brands during the 1st quarter worth approximately $28,000. Crewe Advisors LLC purchased a new position in shares of Yum! Brands in the 1st quarter worth approximately $28,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of 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 acquiring an additional 82 shares in the last quarter. Institutional investors own 82.37% of the company’s stock.

Insider Buying and Selling

In related news, Director Weir Mirian M. Graddick sold 1,309 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $137.40, for a total transaction of $179,856.60. Following the completion of the transaction, the director now directly owns 1,233 shares in the company, valued at $169,414.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Scott Catlett sold 8,234 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $137.79, for a total value of $1,134,562.86. Following the completion of the transaction, the insider now directly owns 29,159 shares in the company, valued at approximately $4,017,818.61. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Weir Mirian M. Graddick sold 1,309 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $137.40, for a total value of $179,856.60. Following the sale, the director now owns 1,233 shares in the company, valued at $169,414.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,629 shares of company stock worth $13,888,443. Corporate insiders own 0.31% of the company’s stock.

Yum! Brands Stock Performance

NYSE:YUM opened at $134.72 on Wednesday. The firm has a market cap of $37.88 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 2.09 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. The business’s fifty day moving average is $135.20 and its 200 day moving average is $135.39.

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, topping analysts’ consensus estimates of $1.33 by $0.02. The firm had revenue of $1.76 billion for 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 period in the prior year, the firm posted $1.41 earnings per share. Equities analysts predict that Yum! Brands, Inc. will post 5.61 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The company 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 of this dividend was Tuesday, August 27th. This represents a $2.68 annualized dividend and a dividend yield of 1.99%. Yum! Brands’s payout ratio is currently 47.52%.

Analysts Set New Price Targets

YUM has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Stifel Nicolaus decreased their price objective on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Robert W. Baird boosted their target price on shares of Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group assumed coverage on shares of Yum! Brands in a report on Thursday, June 13th. They issued a “neutral” rating and a $150.00 price target on the stock. Finally, TD Cowen reiterated a “buy” rating and issued a $156.00 price objective on shares of Yum! Brands in a research note on Thursday, September 12th. Nine 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 an average rating of “Hold” and an average target price of $145.25.

Yum! Brands Company 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.