Key Financial Inc Raises Stake in Yum! Brands, Inc. (NYSE:YUM)

Key Financial Inc increased its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 68.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 6,327 shares of the restaurant operator’s stock after buying an additional 2,567 shares during the quarter. Key Financial Inc’s holdings in Yum! Brands were worth $884,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Ruedi Wealth Management Inc. increased its stake in shares of Yum! Brands by 79.8% during the 1st quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 83 shares during the last quarter. Manchester Capital Management LLC increased its position in Yum! Brands by 165.7% in the first quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock worth $26,000 after buying an additional 116 shares during the last quarter. Crewe Advisors LLC bought a new stake in shares of Yum! Brands in the first quarter valued at $28,000. DiNuzzo Private Wealth Inc. lifted its position in shares of Yum! Brands by 957.1% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 201 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in Yum! Brands by 43.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 82 shares during the last quarter. Institutional investors own 82.37% of the company’s stock.

Yum! Brands Price Performance

NYSE YUM traded up $1.18 during trading hours on Friday, reaching $132.34. 1,888,556 shares of the stock traded hands, compared to its average volume of 1,415,347. The stock has a 50 day simple moving average of $134.30 and a two-hundred day simple moving average of $134.92. Yum! Brands, Inc. has a 1 year low of $122.79 and a 1 year high of $143.20. The company has a market cap of $37.21 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 2.06 and a beta of 1.10.

Yum! Brands (NYSE:YUM) last issued its earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.02. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. Yum! Brands had a negative return on equity of 18.90% and a net margin of 21.96%. During the same quarter in the prior year, the firm earned $1.41 earnings per share. On average, sell-side analysts forecast that Yum! Brands, Inc. will post 5.59 EPS for the current fiscal year.

Yum! Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum! Brands’s dividend payout ratio is presently 49.08%.

Wall Street Analysts Forecast Growth

YUM has been the topic of several recent research reports. Evercore ISI lowered shares of Yum! Brands from an “outperform” rating to an “inline” rating and cut their target price for the stock from $160.00 to $145.00 in a research report on Tuesday, July 16th. Stifel Nicolaus reduced their price objective on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Deutsche Bank Aktiengesellschaft raised their price target on Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Bank of America dropped their price objective on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. lifted their target price on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $146.44.

Insider Buying and Selling at Yum! Brands

In other 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 value of $179,856.60. Following the completion of the sale, the director now owns 1,233 shares of the company’s stock, valued at approximately $169,414.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Sabir Sami sold 71,051 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $137.16, for a total transaction of $9,745,355.16. Following the completion of the transaction, the chief executive officer now directly owns 68 shares of the company’s stock, valued at approximately $9,326.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Weir Mirian M. Graddick sold 1,309 shares of the business’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 transaction, the director now owns 1,233 shares in the company, valued at approximately $169,414.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,673 shares of company stock worth $13,918,095 over the last three months. Company insiders own 0.31% of the company’s stock.

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.