Wealth Enhancement Advisory Services LLC Invests $2.34 Million in Yum! Brands, Inc. (NYSE:YUM)

Wealth Enhancement Advisory Services LLC acquired a new position in Yum! Brands, Inc. (NYSE:YUM) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 20,529 shares of the restaurant operator’s stock, valued at approximately $2,342,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC increased its position in shares of Yum! Brands by 139.0% in the first quarter. FMR LLC now owns 2,658,807 shares of the restaurant operator’s stock worth $265,376,000 after acquiring an additional 1,546,142 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Yum! Brands by 233.9% in the first quarter. Janus Henderson Group PLC now owns 845,079 shares of the restaurant operator’s stock worth $84,348,000 after acquiring an additional 591,961 shares in the last quarter. BlackRock Inc. increased its position in shares of Yum! Brands by 2.7% in the first quarter. BlackRock Inc. now owns 22,186,539 shares of the restaurant operator’s stock worth $2,214,439,000 after acquiring an additional 591,322 shares in the last quarter. Magellan Asset Management Ltd increased its position in shares of Yum! Brands by 2.2% in the first quarter. Magellan Asset Management Ltd now owns 15,768,541 shares of the restaurant operator’s stock worth $1,573,858,000 after acquiring an additional 338,339 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Yum! Brands by 19.6% in the first quarter. California Public Employees Retirement System now owns 1,999,881 shares of the restaurant operator’s stock worth $199,608,000 after acquiring an additional 327,242 shares in the last quarter. 74.97% of the stock is currently owned by institutional investors.

Shares of YUM stock traded up $0.36 during trading on Thursday, hitting $115.91. 48,426 shares of the company were exchanged, compared to its average volume of 1,465,942. The company has a market capitalization of $35.49 billion, a price-to-earnings ratio of 36.62, a price-to-earnings-growth ratio of 2.46 and a beta of 0.53. The business’s 50-day moving average is $113.16. Yum! Brands, Inc. has a twelve month low of $82.14 and a twelve month high of $119.72.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Monday, August 19th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Friday, August 16th. Yum! Brands’s dividend payout ratio (DPR) is presently 53.00%.

Several research analysts have recently weighed in on YUM shares. Credit Suisse Group started coverage on shares of Yum! Brands in a research report on Tuesday, June 25th. They issued a “neutral” rating and a $106.00 target price on the stock. BTIG Research lifted their target price on shares of Yum! Brands to $130.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Morgan Stanley raised their price target on shares of Yum! Brands from $106.00 to $112.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. MKM Partners assumed coverage on shares of Yum! Brands in a report on Tuesday. They set a “neutral” rating and a $125.00 price target for the company. Finally, Evercore ISI restated a “buy” rating and set a $130.00 price target on shares of Yum! Brands in a report on Tuesday. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. Yum! Brands has an average rating of “Hold” and an average price target of $110.65.

In other Yum! Brands news, CFO David W. Gibbs sold 1,577 shares of Yum! Brands stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $111.29, for a total value of $175,504.33. Following the completion of the sale, the chief financial officer now directly owns 43,867 shares in the company, valued at $4,881,958.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Scott Catlett sold 1,015 shares of Yum! Brands stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $116.63, for a total transaction of $118,379.45. Following the completion of the sale, the general counsel now owns 5,376 shares of the company’s stock, valued at $627,002.88. The disclosure for this sale can be found here. Insiders sold 55,162 shares of company stock valued at $5,888,587 over the last quarter. Corporate insiders own 0.67% of the company’s stock.

Yum! Brands Company 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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