Wedbush Securities Inc. Increases Stock Holdings in Yum! Brands, Inc. (NYSE:YUM)

Wedbush Securities Inc. raised its stake in Yum! Brands, Inc. (NYSE:YUM) by 42.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 7,375 shares of the restaurant operator’s stock after acquiring an additional 2,209 shares during the period. Wedbush Securities Inc.’s holdings in Yum! Brands were worth $816,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Howe & Rusling Inc. purchased a new stake in shares of Yum! Brands in the first quarter valued at approximately $25,000. Liberty Wealth Management LLC boosted its stake in shares of Yum! Brands by 302.1% in the second quarter. Liberty Wealth Management LLC now owns 386 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 290 shares in the last quarter. Motco boosted its stake 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 buying an additional 200 shares in the last quarter. Advisory Alpha LLC purchased a new stake in shares of Yum! Brands in the first quarter valued at approximately $50,000. Finally, Bremer Bank National Association purchased a new stake in shares of Yum! Brands in the first quarter valued at approximately $52,000. Institutional investors own 74.97% of the company’s stock.

In other news, CFO David W. Gibbs sold 1,577 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $111.29, for a total value of $175,504.33. Following the completion of the transaction, the chief financial officer now directly owns 43,867 shares of the company’s stock, valued at $4,881,958.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Greg Creed sold 44,949 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $105.82, for a total value of $4,756,503.18. Following the completion of the transaction, the chief executive officer now directly owns 158,745 shares of the company’s stock, valued at $16,798,395.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,147 shares of company stock valued at $5,770,207. Insiders own 0.67% of the company’s stock.

YUM has been the topic of a number of analyst reports. Longbow Research downgraded Yum! Brands from a “neutral” rating to an “underperform” rating and set a $91.00 price target on the stock. in a research note on Monday, July 1st. Robert W. Baird restated an “outperform” rating and issued a $112.00 price target on shares of Yum! Brands in a research note on Monday, April 29th. BMO Capital Markets lifted their price target on Yum! Brands to $112.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. They noted that the move was a valuation call. JPMorgan Chase & Co. lifted their price target on Yum! Brands from $97.00 to $102.00 and gave the company a “neutral” rating in a research note on Friday, June 28th. Finally, Goldman Sachs Group initiated coverage on Yum! Brands in a research note on Monday, July 29th. They issued a “neutral” rating and a $115.00 price target on the stock. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $110.65.

YUM traded up $0.74 during trading on Thursday, reaching $116.29. 9,926 shares of the stock were exchanged, compared to its average volume of 1,465,942. The stock’s 50 day moving average price is $113.16. The firm has a market capitalization of $35.49 billion, a P/E ratio of 36.64, a price-to-earnings-growth ratio of 2.46 and a beta of 0.53. Yum! Brands, Inc. has a 1 year low of $82.14 and a 1 year high of $119.72.

Yum! Brands (NYSE:YUM) last posted its earnings results on Thursday, August 1st. The restaurant operator reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.06. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. Yum! Brands had a negative return on equity of 13.02% and a net margin of 24.29%. Yum! Brands’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 earnings per share. On average, equities analysts anticipate that Yum! Brands, Inc. will post 3.87 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Monday, August 19th will be issued a $0.42 dividend. The ex-dividend date is Friday, August 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.44%. Yum! Brands’s dividend payout ratio (DPR) is 53.00%.

Yum! Brands 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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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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