Yum! Brands, Inc. $YUM Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN lowered its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 3.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,907 shares of the restaurant operator’s stock after selling 109 shares during the period. OLD National Bancorp IN’s holdings in Yum! Brands were worth $431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Manchester Capital Management LLC increased its holdings in shares of Yum! Brands by 78.0% during the 1st quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock worth $25,000 after buying an additional 71 shares during the last quarter. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Yum! Brands during the 1st quarter worth approximately $25,000. HFM Investment Advisors LLC acquired a new stake in shares of Yum! Brands during the 1st quarter worth approximately $25,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Yum! Brands during the 2nd quarter worth approximately $29,000. Finally, Wayfinding Financial LLC acquired a new stake in shares of Yum! Brands during the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 82.37% of the company’s stock.

Yum! Brands Stock Performance

Shares of YUM opened at $146.64 on Wednesday. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30. The stock has a market capitalization of $40.70 billion, a PE ratio of 28.92, a PEG ratio of 2.32 and a beta of 0.72. The stock has a 50-day simple moving average of $147.16 and a 200-day simple moving average of $147.07.

Yum! Brands (NYSE:YUM) last issued its earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 earnings per share 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 firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the business earned $1.35 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. Analysts predict that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Morgan Stanley decreased their price objective on shares of Yum! Brands from $153.00 to $151.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 6th. Barclays restated an “overweight” rating and set a $164.00 price target (down from $167.00) on shares of Yum! Brands in a research note on Tuesday, August 5th. JPMorgan Chase & Co. dropped their price objective on Yum! Brands from $162.00 to $160.00 and set an “overweight” rating for the company in a research note on Wednesday, August 6th. Evercore ISI decreased their target price on Yum! Brands from $170.00 to $165.00 and set an “in-line” rating on the stock in a research note on Wednesday, August 6th. Finally, TD Cowen lowered their target price on Yum! Brands from $158.00 to $156.00 and set a “hold” rating for the company in a report on Tuesday, August 5th. Eleven research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, Yum! Brands presently has an average rating of “Hold” and an average price target of $161.32.

Insiders Place Their Bets

In related news, CEO Scott Mezvinsky sold 275 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $152.59, for a total value of $41,962.25. Following the completion of the transaction, the chief executive officer directly owned 1,755 shares of the company’s stock, valued at $267,795.45. This represents a 13.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Weir Mirian M. Graddick sold 2,038 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $145.30, for a total transaction of $296,121.40. Following the sale, the director directly owned 1,233 shares in the company, valued at approximately $179,154.90. The trade was a 62.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,195 shares of company stock valued at $5,348,137 in the last three months. Corporate insiders own 0.33% 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.