Graypoint LLC Cuts Stock Position in Yum! Brands, Inc. (NYSE:YUM)

Graypoint LLC lessened its stake in Yum! Brands, Inc. (NYSE:YUM) by 2.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,805 shares of the restaurant operator’s stock after selling 153 shares during the period. Graypoint LLC’s holdings in Yum! Brands were worth $811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators increased its position in shares of Yum! Brands by 3.9% in the second quarter. Deseret Mutual Benefit Administrators now owns 2,049 shares of the restaurant operator’s stock valued at $271,000 after buying an additional 76 shares in the last quarter. Legacy Financial Advisors Inc. increased its position in shares of Yum! Brands by 2.2% in the second quarter. Legacy Financial Advisors Inc. now owns 3,460 shares of the restaurant operator’s stock valued at $458,000 after buying an additional 76 shares in the last quarter. Wesbanco Bank Inc. increased its position in shares of Yum! Brands by 1.9% in the second quarter. Wesbanco Bank Inc. now owns 4,169 shares of the restaurant operator’s stock valued at $552,000 after buying an additional 78 shares in the last quarter. Diversified Trust Co increased its position in shares of Yum! Brands by 2.4% in the third quarter. Diversified Trust Co now owns 3,321 shares of the restaurant operator’s stock valued at $464,000 after buying an additional 79 shares in the last quarter. Finally, Marcum Wealth LLC increased its position in shares of Yum! Brands by 3.4% in the second quarter. Marcum Wealth LLC now owns 2,477 shares of the restaurant operator’s stock valued at $328,000 after buying an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Yum! Brands Stock Up 2.0 %

Shares of Yum! Brands stock opened at $137.06 on Friday. Yum! Brands, Inc. has a 52 week low of $123.60 and a 52 week high of $143.20. The business’s fifty day simple moving average is $134.23 and its 200-day simple moving average is $134.81. The firm has a market cap of $38.54 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 2.09 and a beta of 1.10.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the company earned $1.44 EPS. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities analysts expect that Yum! Brands, Inc. will post 5.59 earnings per share for the current 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 $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.96%. The ex-dividend date was Tuesday, August 27th. Yum! Brands’s dividend payout ratio (DPR) is presently 50.09%.

Insider Activity

In related news, insider Scott Catlett sold 8,234 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $137.79, for a total transaction of $1,134,562.86. Following the transaction, the insider now owns 29,159 shares of the company’s stock, valued at approximately $4,017,818.61. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO David W. Gibbs sold 7,069 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $137.92, for a total transaction of $974,956.48. Following the transaction, the chief executive officer now owns 159,132 shares of the company’s stock, valued at approximately $21,947,485.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott Catlett sold 8,234 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $137.79, for a total value of $1,134,562.86. Following the transaction, the insider now directly owns 29,159 shares in the company, valued at approximately $4,017,818.61. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,622 shares of company stock valued at $4,172,740 in the last quarter. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on YUM shares. Evercore ISI cut Yum! Brands from an “outperform” rating to an “inline” rating and cut their price objective for the company from $160.00 to $145.00 in a research report on Tuesday, July 16th. TD Cowen reiterated a “hold” rating and set a $145.00 price target on shares of Yum! Brands in a research report on Wednesday. Robert W. Baird boosted their price target on Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Bank of America dropped their price target on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. Finally, Morgan Stanley dropped their price target 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. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $145.94.

Yum! Brands 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.