ProShare Advisors LLC Increases Stock Holdings in Yum! Brands, Inc. $YUM

by · The Cerbat Gem

ProShare Advisors LLC increased its stake in shares of Yum! Brands, Inc. (NYSE:YUM – Free Report) by 12.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 47,475 shares of the restaurant operator’s stock after purchasing an additional 5,225 shares during the quarter. ProShare Advisors LLC’s holdings in Yum! Brands were worth $7,035,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Manchester Capital Management LLC boosted its stake in Yum! Brands by 78.0% during the first quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock worth $25,000 after buying an additional 71 shares during the period. Greykasell Wealth Strategies Inc. bought a new stake in shares of Yum! Brands in the 1st quarter worth about $25,000. HFM Investment Advisors LLC purchased a new position in shares of Yum! Brands during the 1st quarter worth about $25,000. Oliver Lagore Vanvalin Investment Group bought a new position in Yum! Brands during the 2nd quarter valued at about $29,000. Finally, Private Wealth Asset Management LLC grew its holdings in Yum! Brands by 219.4% during the 2nd quarter. Private Wealth Asset Management LLC now owns 297 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 204 shares during the last quarter. 82.37% of the stock is currently owned by institutional investors.

Insider Transactions at Yum! Brands

In related news, CEO David W. Gibbs sold 7,176 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $149.80, for a total transaction of $1,074,964.80. Following the completion of the sale, the chief executive officer directly owned 102,893 shares in the company, valued at $15,413,371.40. This represents a 6.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Tracy L. Skeans sold 12,220 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $148.24, for a total transaction of $1,811,492.80. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 32,864 shares of company stock worth $4,884,532. Company insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on YUM. Wells Fargo & Company dropped their target price on Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 6th. Sanford C. Bernstein raised their price target on Yum! Brands from $145.00 to $160.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 5th. Gordon Haskett raised Yum! Brands to a “hold” rating in a research report on Wednesday, November 5th. BMO Capital Markets lifted their target price on Yum! Brands from $150.00 to $155.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 5th. Finally, Evercore ISI upgraded shares of Yum! Brands from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $165.00 to $180.00 in a report on Wednesday, November 5th. Twelve investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.29.

Read Our Latest Report on YUM

Yum! Brands Price Performance

YUM stock opened at $149.41 on Thursday. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30. The business has a 50-day moving average price of $146.72 and a 200 day moving average price of $146.30. The company has a market capitalization of $41.48 billion, a P/E ratio of 29.47, a PEG ratio of 2.08 and a beta of 0.73.

Yum! Brands (NYSE:YUM – Get Free Report) last posted its earnings results on Tuesday, November 4th. The restaurant operator reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.12. Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the firm posted $1.37 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, analysts anticipate that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued a $0.71 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.9%. Yum! Brands’s dividend payout ratio (DPR) is currently 55.36%.

About Yum! Brands

(Free Report)

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.

Further Reading

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