Chevy Chase Trust Holdings LLC Has $22.75 Million Stock Holdings in Yum! Brands, Inc. $YUM

Chevy Chase Trust Holdings LLC grew its position in Yum! Brands, Inc. (NYSE:YUM) by 0.3% during the 2nd quarter, Holdings Channel reports. The firm owned 153,513 shares of the restaurant operator’s stock after purchasing an additional 458 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Yum! Brands were worth $22,748,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in YUM. Manchester Capital Management LLC boosted its stake in shares of Yum! Brands by 78.0% in the 1st quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 71 shares in the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in Yum! Brands during the 1st quarter worth approximately $25,000. HFM Investment Advisors LLC bought a new stake in Yum! Brands during the 1st quarter worth approximately $25,000. Oliver Lagore Vanvalin Investment Group bought a new stake in Yum! Brands during the 2nd quarter worth approximately $29,000. Finally, Wayfinding Financial LLC acquired a new position in 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 Price Performance

YUM stock opened at $145.25 on Friday. The stock has a market capitalization of $40.31 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 2.25 and a beta of 0.72. The business’s fifty day moving average price is $147.14 and its two-hundred day moving average price is $146.31. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $163.30.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data 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). The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%.The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.35 EPS. Research analysts expect that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were given 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 2.0%. Yum! Brands’s dividend payout ratio (DPR) is presently 56.02%.

Insider Buying and Selling

In related news, CEO Scott Mezvinsky sold 275 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer owned 1,755 shares in the company, valued at approximately $267,795.45. This trade represents a 13.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David W. Gibbs sold 7,176 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $149.80, for a total value of $1,074,964.80. Following the completion of the transaction, the chief executive officer owned 102,893 shares in the company, valued at $15,413,371.40. The trade was a 6.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,078 shares of company stock worth $4,304,785 over the last three months. Company insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

YUM has been the subject of several recent analyst reports. Barclays reissued an “overweight” rating and issued a $164.00 price objective (down previously from $167.00) on shares of Yum! Brands in a report on Tuesday, August 5th. TD Cowen cut their price target on Yum! Brands from $158.00 to $156.00 and set a “hold” rating for the company in a report on Tuesday, August 5th. Wells Fargo & Company cut their price target on Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating for the company in a report on Wednesday, August 6th. Melius assumed coverage on Yum! Brands in a report on Monday, July 14th. They set a “buy” rating and a $200.00 price target for the company. Finally, Guggenheim reaffirmed a “buy” rating and set a $167.00 price target (up previously from $165.00) on shares of Yum! Brands in a report on Monday, August 4th. Eleven analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $161.48.

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.