Elo Mutual Pension Insurance Co Decreases Stock Holdings in Yum! Brands, Inc. (NYSE:YUM)

Elo Mutual Pension Insurance Co lessened its holdings in Yum! Brands, Inc. (NYSE:YUM) by 6.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,859 shares of the restaurant operator’s stock after selling 1,753 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Yum! Brands were worth $3,160,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Blair William & Co. IL increased its stake in Yum! Brands by 0.7% in the 2nd quarter. Blair William & Co. IL now owns 38,585 shares of the restaurant operator’s stock valued at $5,111,000 after buying an additional 282 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in shares of Yum! Brands by 9.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 29,948 shares of the restaurant operator’s stock worth $3,942,000 after acquiring an additional 2,691 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its position in Yum! Brands by 94.2% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 11,020 shares of the restaurant operator’s stock valued at $1,460,000 after purchasing an additional 5,344 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in Yum! Brands by 3.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 38,365 shares of the restaurant operator’s stock valued at $5,082,000 after purchasing an additional 1,269 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT raised its stake in shares of Yum! Brands by 3.4% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 9,998 shares of the restaurant operator’s stock worth $1,324,000 after buying an additional 326 shares in the last quarter. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Yum! Brands Stock Up 0.3 %

Shares of Yum! Brands stock opened at $131.03 on Friday. Yum! Brands, Inc. has a 12 month low of $115.53 and a 12 month high of $143.20. The stock has a market cap of $36.90 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 2.06 and a beta of 1.08. The business has a fifty day simple moving average of $133.32 and a 200-day simple moving average of $135.62.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the company posted $1.41 earnings per share. Analysts expect 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. Stockholders 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 dividend yield of 2.05%. Yum! Brands’s dividend payout ratio (DPR) is 47.52%.

Insider Activity

In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $134.43, for a total transaction of $941,682.15. Following the transaction, the chief executive officer now directly owns 155,883 shares of the company’s stock, valued at $20,955,351.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Sabir Sami sold 71,051 shares of Yum! Brands stock in a transaction dated 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 transaction, the chief executive officer now directly owns 68 shares in the company, valued at $9,326.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction that occurred 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 directly owns 155,883 shares in the company, valued at $20,955,351.69. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,629 shares of company stock worth $13,888,443. 0.31% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on YUM shares. 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 for the company. TD Cowen reiterated a “buy” rating and set a $156.00 price target on shares of Yum! Brands in a research report on Thursday, September 12th. Stifel Nicolaus lowered their price target on Yum! Brands from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Morgan Stanley dropped their price objective 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. 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 report on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Yum! Brands presently has an average rating of “Hold” and a consensus target price 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.