StoneCrest Wealth Management Inc. Sells 624 Shares of Yum! Brands, Inc. (NYSE:YUM)

StoneCrest Wealth Management Inc. lessened its stake in Yum! Brands, Inc. (NYSE:YUM) by 29.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,500 shares of the restaurant operator’s stock after selling 624 shares during the period. StoneCrest Wealth Management Inc.’s holdings in Yum! Brands were worth $210,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Yum! Brands by 24.0% during the 1st quarter. Vanguard Group Inc. now owns 29,012,969 shares of the restaurant operator’s stock valued at $4,022,648,000 after purchasing an additional 5,607,517 shares during the period. Capital World Investors increased its holdings in Yum! Brands by 23.7% during the 1st quarter. Capital World Investors now owns 18,121,611 shares of the restaurant operator’s stock valued at $2,512,561,000 after purchasing an additional 3,470,883 shares during the period. Cantillon Capital Management LLC purchased a new position in Yum! Brands during the 1st quarter valued at about $200,668,000. Capital International Investors increased its holdings in Yum! Brands by 10.2% during the 1st quarter. Capital International Investors now owns 14,669,356 shares of the restaurant operator’s stock valued at $2,033,906,000 after purchasing an additional 1,362,813 shares during the period. Finally, TD Asset Management Inc increased its holdings in Yum! Brands by 36.6% during the 1st quarter. TD Asset Management Inc now owns 2,174,526 shares of the restaurant operator’s stock valued at $301,498,000 after purchasing an additional 582,267 shares during the period. Institutional investors own 82.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on YUM. The Goldman Sachs Group began coverage on Yum! Brands in a report on Thursday, June 13th. They set a “neutral” rating and a $150.00 price target on the stock. Robert W. Baird boosted their price target on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Evercore ISI downgraded Yum! Brands from an “outperform” rating to an “inline” rating and reduced their target price for the stock from $160.00 to $145.00 in a report on Tuesday, July 16th. Stifel Nicolaus decreased their target price on Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Finally, Morgan Stanley decreased their target price on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $145.25.

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 6,961 shares of the stock in a transaction 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO David W. Gibbs sold 6,961 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $131.02, for a total value of $912,030.22. Following the transaction, the chief executive officer now directly owns 162,381 shares in the company, valued at $21,275,158.62. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO David W. Gibbs sold 7,005 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $134.43, for a total value of $941,682.15. Following the completion of the transaction, the chief executive officer now owns 155,883 shares in the company, valued at approximately $20,955,351.69. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,629 shares of company stock worth $13,888,443. Insiders own 0.31% of the company’s stock.

Yum! Brands Stock Down 0.9 %

YUM stock opened at $134.72 on Wednesday. Yum! Brands, Inc. has a twelve month low of $115.53 and a twelve month high of $143.20. The firm has a market cap of $37.88 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 2.09 and a beta of 1.08. The business has a 50 day moving average of $135.20 and a 200 day moving average of $135.39.

Yum! Brands (NYSE:YUM) last issued its earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 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 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. On average, research analysts expect that Yum! Brands, Inc. will post 5.61 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were paid a dividend of $0.67 per share. The ex-dividend date was Tuesday, August 27th. This represents a $2.68 annualized dividend and a yield of 1.99%. Yum! Brands’s dividend payout ratio is 47.52%.

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.