Yum! Brands, Inc. $YUM Shares Purchased by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC increased its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 15.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,790 shares of the restaurant operator’s stock after acquiring an additional 235 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Yum! Brands were worth $265,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in Yum! Brands by 8.0% in the 4th quarter. Brighton Jones LLC now owns 7,861 shares of the restaurant operator’s stock valued at $1,055,000 after purchasing an additional 583 shares in the last quarter. NBC Securities Inc. raised its position in Yum! Brands by 106,800.0% in the 1st quarter. NBC Securities Inc. now owns 1,069 shares of the restaurant operator’s stock valued at $168,000 after purchasing an additional 1,068 shares in the last quarter. Merit Financial Group LLC raised its position in Yum! Brands by 13.0% in the 1st quarter. Merit Financial Group LLC now owns 12,006 shares of the restaurant operator’s stock valued at $1,889,000 after purchasing an additional 1,383 shares in the last quarter. E. Ohman J or Asset Management AB acquired a new stake in Yum! Brands in the 1st quarter valued at about $2,039,000. Finally, Procyon Advisors LLC raised its position in Yum! Brands by 36.2% in the 1st quarter. Procyon Advisors LLC now owns 19,737 shares of the restaurant operator’s stock valued at $3,106,000 after purchasing an additional 5,242 shares in the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Insider Buying and Selling

In other Yum! Brands news, Director Weir Mirian M. Graddick sold 2,038 shares of Yum! Brands stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $145.30, for a total value of $296,121.40. Following the transaction, the director directly owned 1,233 shares in the company, valued at approximately $179,154.90. This trade represents a 62.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Tracy L. Skeans sold 12,220 shares of Yum! Brands stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $148.24, for a total value of $1,811,492.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,195 shares of company stock valued at $5,348,137. Company insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

YUM has been the topic of a number of analyst reports. Morgan Stanley reduced their price target on Yum! Brands from $153.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Yum! Brands in a research report on Saturday, September 27th. Barclays reissued an “overweight” rating and set a $164.00 target price (down previously from $167.00) on shares of Yum! Brands in a research report on Tuesday, August 5th. Sanford C. Bernstein set a $164.00 target price on Yum! Brands in a research report on Tuesday, August 5th. Finally, Piper Sandler raised their target price on Yum! Brands from $155.00 to $157.00 and gave the stock a “neutral” rating in a research report on Thursday. Eleven equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Yum! Brands currently has an average rating of “Hold” and a consensus target price of $161.32.

Yum! Brands Price Performance

YUM stock opened at $150.61 on Friday. The company has a fifty day moving average price of $147.05 and a 200 day moving average price of $147.28. Yum! Brands, Inc. has a 12 month low of $122.13 and a 12 month high of $163.30. The company has a market cap of $41.80 billion, a price-to-earnings ratio of 29.71, a price-to-earnings-growth ratio of 2.36 and a beta of 0.72.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.02). Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the company earned $1.35 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, analysts anticipate that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Yum! Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Tuesday, September 2nd. Yum! Brands’s dividend payout ratio (DPR) is 56.02%.

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.