Envestnet Portfolio Solutions Inc. Purchases 329 Shares of Yum! Brands, Inc. $YUM

Envestnet Portfolio Solutions Inc. lifted its position in Yum! Brands, Inc. (NYSE:YUM) by 3.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 8,729 shares of the restaurant operator’s stock after purchasing an additional 329 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Yum! Brands were worth $1,294,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Yum! Brands by 151.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 156,690 shares of the restaurant operator’s stock worth $24,657,000 after purchasing an additional 94,355 shares during the last quarter. CWA Asset Management Group LLC bought a new position in shares of Yum! Brands in the first quarter worth approximately $270,000. Principal Financial Group Inc. grew its holdings in shares of Yum! Brands by 1.9% in the first quarter. Principal Financial Group Inc. now owns 353,103 shares of the restaurant operator’s stock worth $55,564,000 after purchasing an additional 6,673 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Yum! Brands by 1.2% in the first quarter. Envestnet Asset Management Inc. now owns 256,961 shares of the restaurant operator’s stock worth $40,435,000 after purchasing an additional 3,172 shares during the last quarter. Finally, Dakota Wealth Management bought a new stake in Yum! Brands in the first quarter valued at $1,172,000. Institutional investors own 82.37% of the company’s stock.

Yum! Brands Trading Up 1.3%

Shares of Yum! Brands stock opened at $145.25 on Friday. The firm has a market capitalization of $40.31 billion, a P/E ratio of 28.65, a P/E/G ratio of 2.25 and a beta of 0.72. The business has a fifty day simple moving average of $147.14 and a two-hundred day simple moving average of $146.31. Yum! Brands, Inc. has a 12 month low of $122.13 and a 12 month high of $163.30.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Tuesday, August 5th. The restaurant operator reported $1.44 EPS 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 analysts’ expectations of $1.94 billion. Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.35 EPS. Analysts predict that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Yum! Brands Announces Dividend

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

Wall Street Analysts Forecast Growth

YUM has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of Yum! Brands from $162.00 to $160.00 and set an “overweight” rating on the stock in a report on Wednesday, August 6th. Melius initiated coverage on shares of Yum! Brands in a report on Monday, July 14th. They issued a “buy” rating and a $200.00 price target on the stock. Morgan Stanley cut their price target on shares of Yum! Brands from $153.00 to $151.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 6th. Guggenheim reiterated a “buy” rating and issued a $167.00 price target (up previously from $165.00) on shares of Yum! Brands in a report on Monday, August 4th. Finally, Barclays reiterated an “overweight” rating and issued a $164.00 price target (down previously from $167.00) on shares of Yum! Brands in a report on Tuesday, August 5th. Eleven analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $161.48.

Insider Buying and Selling

In other news, Director Weir Mirian M. Graddick sold 2,038 shares of Yum! Brands 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 completion of the transaction, the director owned 1,233 shares of the company’s stock, valued at $179,154.90. The trade was a 62.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David W. Gibbs sold 7,176 shares of Yum! Brands stock in a transaction dated 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 directly owned 102,893 shares of the company’s stock, valued at approximately $15,413,371.40. This represents a 6.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,078 shares of company stock worth $4,304,785 in the last 90 days. 0.33% of the stock is owned by company insiders.

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.