OLD Point Trust & Financial Services N A Buys 255 Shares of Yum! Brands, Inc. $YUM

OLD Point Trust & Financial Services N A raised its stake in Yum! Brands, Inc. (NYSE:YUM) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,982 shares of the restaurant operator’s stock after acquiring an additional 255 shares during the period. OLD Point Trust & Financial Services N A’s holdings in Yum! Brands were worth $2,220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of YUM. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Yum! Brands by 151.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 156,690 shares of the restaurant operator’s stock worth $24,657,000 after buying an additional 94,355 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in Yum! Brands in the 1st quarter valued at about $270,000. Sowell Financial Services LLC purchased a new stake in Yum! Brands in the 1st quarter valued at about $939,000. First National Bank Sioux Falls purchased a new stake in Yum! Brands in the 1st quarter valued at about $283,000. Finally, Principal Financial Group Inc. boosted its position in Yum! Brands by 1.9% in the 1st quarter. Principal Financial Group Inc. now owns 353,103 shares of the restaurant operator’s stock valued at $55,564,000 after buying an additional 6,673 shares during the period. 82.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Yum! Brands

In other news, CEO David W. Gibbs sold 7,176 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $149.80, for a total value of $1,074,964.80. Following the sale, the chief executive officer owned 102,893 shares in the company, valued at $15,413,371.40. This represents a 6.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Weir Mirian M. Graddick sold 2,038 shares of the stock in a transaction 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 completion of the sale, the director owned 1,233 shares in the company, valued at $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 35,920 shares of company stock worth $5,306,175 over the last ninety days. 0.33% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on YUM shares. The Goldman Sachs Group raised shares of Yum! Brands from a “neutral” rating to a “buy” rating and set a $167.00 price objective for the company in a research report on Wednesday, June 4th. Morgan Stanley lowered their price target on shares of Yum! Brands from $153.00 to $151.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 6th. JPMorgan Chase & Co. lowered their price target on shares of Yum! Brands from $162.00 to $160.00 and set an “overweight” rating for the company in a research report on Wednesday, August 6th. Sanford C. Bernstein set a $164.00 price target on shares of Yum! Brands in a research report on Tuesday, August 5th. Finally, Redburn Atlantic raised shares of Yum! Brands from a “neutral” rating to a “buy” rating and upped their price target for the stock from $145.00 to $177.00 in a research report on Tuesday, June 10th. Ten research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $161.23.

Yum! Brands Trading Down 1.3%

Shares of Yum! Brands stock opened at $151.91 on Wednesday. Yum! Brands, Inc. has a 12-month low of $122.13 and a 12-month high of $163.30. The firm has a market capitalization of $42.16 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 2.40 and a beta of 0.73. The firm’s 50 day simple moving average is $146.76 and its two-hundred day simple moving average is $147.32.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the company posted $1.35 EPS. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, sell-side analysts predict that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

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