Koshinski Asset Management Inc. decreased its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 5.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,196 shares of the restaurant operator’s stock after selling 135 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Yum! Brands were worth $243,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in YUM. Howe & Rusling Inc. acquired a new stake in shares of Yum! Brands in the 1st quarter valued at about $25,000. Bogart Wealth LLC increased its position in shares of Yum! Brands by 70.0% in the first quarter. Bogart Wealth LLC now owns 340 shares of the restaurant operator’s stock valued at $33,000 after acquiring an additional 140 shares during the last quarter. Motco increased its position in shares of Yum! Brands by 74.6% in the first quarter. Motco now owns 468 shares of the restaurant operator’s stock valued at $47,000 after acquiring an additional 200 shares during the last quarter. Advisory Alpha LLC acquired a new stake in shares of Yum! Brands in the first quarter valued at about $50,000. Finally, Bremer Bank National Association acquired a new stake in shares of Yum! Brands in the first quarter valued at about $52,000. Hedge funds and other institutional investors own 74.97% of the company’s stock.
Shares of NYSE:YUM opened at $116.40 on Friday. The company has a fifty day moving average of $113.29 and a 200-day moving average of $103.87. The company has a market capitalization of $35.64 billion, a PE ratio of 36.72, a price-to-earnings-growth ratio of 2.47 and a beta of 0.53. Yum! Brands, Inc. has a 52-week low of $83.06 and a 52-week high of $119.72.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Monday, August 19th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.68 annualized dividend and a dividend yield of 1.44%. Yum! Brands’s dividend payout ratio is 53.00%.
A number of analysts recently issued reports on YUM shares. BTIG Research lifted their target price on Yum! Brands to $130.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. MKM Partners assumed coverage on Yum! Brands in a report on Tuesday. They set a “neutral” rating and a $125.00 price target for the company. Tigress Financial reiterated a “buy” rating on shares of Yum! Brands in a report on Friday, July 12th. Citigroup set a $138.00 price objective on Yum! Brands and gave the stock a “hold” rating in a report on Monday. Finally, Morgan Stanley lifted their price target on shares of Yum! Brands from $106.00 to $112.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $110.65.
In other Yum! Brands news, CFO David W. Gibbs sold 1,572 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $109.93, for a total transaction of $172,809.96. Following the sale, the chief financial officer now owns 43,516 shares of the company’s stock, valued at $4,783,713.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Scott Catlett sold 1,015 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $116.63, for a total transaction of $118,379.45. Following the sale, the general counsel now directly owns 5,376 shares in the company, valued at approximately $627,002.88. The disclosure for this sale can be found here. In the last three months, insiders sold 56,755 shares of company stock worth $6,072,849. 0.67% of the stock is currently owned by insiders.
Yum! Brands Company Profile
YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.
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