Yum! Brands, Inc. $YUM Shares Bought by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC grew its holdings in Yum! Brands, Inc. (NYSE:YUM) by 5.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,555 shares of the restaurant operator’s stock after purchasing an additional 311 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Yum! Brands were worth $971,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its stake 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 valued at $24,657,000 after purchasing an additional 94,355 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Yum! Brands in the 1st quarter valued at $270,000. Sowell Financial Services LLC acquired a new position in shares of Yum! Brands in the 1st quarter valued at $939,000. Principal Financial Group Inc. lifted its stake in shares of 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 purchasing an additional 6,673 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Yum! Brands by 1.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 256,961 shares of the restaurant operator’s stock valued at $40,435,000 after purchasing an additional 3,172 shares during 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, COO Tracy L. Skeans sold 12,220 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $148.24, for a total transaction of $1,811,492.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Weir Mirian M. Graddick sold 2,038 shares of the company’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $145.30, for a total value of $296,121.40. Following the sale, the director owned 1,233 shares in the company, valued at approximately $179,154.90. This trade represents 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 worth $5,348,137 in the last quarter. Company insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on YUM shares. Morgan Stanley decreased their price target on Yum! Brands from $153.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 6th. Royal Bank Of Canada began coverage on Yum! Brands in a research note on Wednesday. They set a “sector perform” rating and a $165.00 target price on the stock. Melius began coverage on Yum! Brands in a research note on Monday, July 14th. They set a “buy” rating and a $200.00 target price on the stock. Wells Fargo & Company decreased their target price on Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 6th. Finally, 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. Eleven analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, Yum! Brands currently has a consensus rating of “Hold” and a consensus target price of $161.48.

Yum! Brands Price Performance

Shares of NYSE YUM opened at $141.53 on Friday. The stock’s 50-day moving average is $147.04 and its two-hundred day moving average is $146.80. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30. The company has a market cap of $39.28 billion, a price-to-earnings ratio of 27.92, a price-to-earnings-growth ratio of 2.21 and a beta of 0.72.

Yum! Brands (NYSE:YUM) last issued its quarterly 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 negative return on equity of 21.01% and a net margin of 18.11%.The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the company earned $1.35 EPS. Yum! Brands’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities research analysts anticipate that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.71 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $2.84 annualized dividend and a yield of 2.0%. Yum! Brands’s dividend payout ratio is 56.02%.

About Yum! Brands

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.