YorkBridge Wealth Partners LLC Sells 110 Shares of Yum! Brands, Inc. (NYSE:YUM)

YorkBridge Wealth Partners LLC decreased its position in shares of Yum! Brands, Inc. (NYSE:YUMGet Rating) by 1.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,782 shares of the restaurant operator’s stock after selling 110 shares during the period. YorkBridge Wealth Partners LLC’s holdings in Yum! Brands were worth $656,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. CVA Family Office LLC increased its position in Yum! Brands by 43.6% during the first quarter. CVA Family Office LLC now owns 280 shares of the restaurant operator’s stock valued at $33,000 after acquiring an additional 85 shares during the last quarter. LCM Capital Management Inc boosted its stake in shares of Yum! Brands by 1.3% during the first quarter. LCM Capital Management Inc now owns 7,064 shares of the restaurant operator’s stock valued at $837,000 after purchasing an additional 90 shares during the period. Lincoln National Corp boosted its stake in shares of Yum! Brands by 3.9% during the first quarter. Lincoln National Corp now owns 2,541 shares of the restaurant operator’s stock valued at $302,000 after purchasing an additional 95 shares during the period. Adirondack Trust Co. boosted its stake in shares of Yum! Brands by 14.7% during the first quarter. Adirondack Trust Co. now owns 780 shares of the restaurant operator’s stock valued at $92,000 after purchasing an additional 100 shares during the period. Finally, Boston Financial Mangement LLC boosted its stake in shares of Yum! Brands by 5.1% during the first quarter. Boston Financial Mangement LLC now owns 2,175 shares of the restaurant operator’s stock valued at $258,000 after purchasing an additional 105 shares during the period. Institutional investors own 70.18% of the company’s stock.

Yum! Brands Price Performance

NYSE YUM opened at $110.79 on Friday. The company has a market cap of $31.52 billion, a P/E ratio of 22.20, a P/E/G ratio of 2.09 and a beta of 1.03. The stock has a 50-day moving average of $116.82 and a two-hundred day moving average of $116.80. Yum! Brands, Inc. has a 1-year low of $108.37 and a 1-year high of $139.85.

Yum! Brands (NYSE:YUMGet Rating) last released its earnings results on Wednesday, August 3rd. The restaurant operator reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.03). The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.66 billion. Yum! Brands had a net margin of 22.17% and a negative return on equity of 15.45%. During the same period in the prior year, the firm earned $1.16 earnings per share. On average, analysts anticipate that Yum! Brands, Inc. will post 4.54 EPS for the current fiscal year.

Yum! Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Monday, August 29th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Friday, August 26th. Yum! Brands’s payout ratio is presently 45.69%.

Yum! Brands announced that its board has approved a share buyback program on Monday, September 12th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the restaurant operator to purchase up to 6.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on YUM shares. Sanford C. Bernstein started coverage on shares of Yum! Brands in a research note on Wednesday, September 7th. They set an “outperform” rating and a $144.00 target price for the company. Barclays decreased their price target on shares of Yum! Brands from $124.00 to $120.00 and set an “equal weight” rating for the company in a research report on Thursday, June 9th. Citigroup decreased their price target on shares of Yum! Brands from $148.00 to $145.00 in a research report on Thursday, July 21st. Morgan Stanley cut their price objective on shares of Yum! Brands from $146.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday, July 18th. Finally, Robert W. Baird set a $146.00 price objective on shares of Yum! Brands in a report on Tuesday, July 19th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.93.

Insider Buying and Selling

In other Yum! Brands news, Director Weir Mirian M. Graddick sold 1,215 shares of Yum! Brands stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $118.30, for a total transaction of $143,734.50. Following the transaction, the director now owns 1,233 shares of the company’s stock, valued at $145,863.90. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Weir Mirian M. Graddick sold 1,215 shares of the company’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $118.30, for a total transaction of $143,734.50. Following the transaction, the director now owns 1,233 shares of the company’s stock, valued at $145,863.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David Eric Russell sold 4,454 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $118.52, for a total value of $527,888.08. Following the transaction, the vice president now directly owns 17,266 shares in the company, valued at approximately $2,046,366.32. The disclosure for this sale can be found here. 0.37% of the stock is owned by company insiders.

About Yum! Brands

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YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. The company 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.

Further Reading

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

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