Boyd Watterson Asset Management LLC OH Lowers Holdings in Yum! Brands, Inc. $YUM

Boyd Watterson Asset Management LLC OH cut its position in Yum! Brands, Inc. (NYSE:YUM) by 16.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 510 shares of the restaurant operator’s stock after selling 100 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Yum! Brands were worth $76,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of YUM. Manchester Capital Management LLC lifted its holdings in shares of Yum! Brands by 78.0% during the 1st quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 71 shares during the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in shares of Yum! Brands during the 1st quarter worth $25,000. HFM Investment Advisors LLC bought a new stake in shares of Yum! Brands during the 1st quarter worth $25,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Yum! Brands during the 2nd quarter worth $29,000. Finally, Wayfinding Financial LLC bought a new stake in shares of Yum! Brands during the 1st quarter worth $32,000. 82.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Sanford C. Bernstein set a $164.00 price objective on shares of Yum! Brands in a report on Tuesday, August 5th. Evercore ISI dropped their price objective on shares of Yum! Brands from $170.00 to $165.00 and set an “in-line” rating for the company in a report on Wednesday, August 6th. Morgan Stanley set a $165.00 price objective on shares of Yum! Brands in a report on Tuesday, October 21st. Wells Fargo & Company dropped their price objective on shares of Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating for the company in a report on Wednesday, August 6th. Finally, Royal Bank Of Canada started coverage on shares of Yum! Brands in a research report on Wednesday, October 8th. They issued a “sector perform” rating and a $165.00 target price on the stock. Eleven analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $163.14.

Insider Activity

In other Yum! Brands news, CEO David W. Gibbs sold 7,176 shares of the firm’s 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 of the company’s stock, valued at $15,413,371.40. This trade represents a 6.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $41,962.25. Following the completion of the sale, the chief executive officer directly owned 1,755 shares in the company, valued at approximately $267,795.45. This trade represents a 13.55% 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 quarter. Insiders own 0.33% of the company’s stock.

Yum! Brands Stock Down 0.3%

Shares of NYSE:YUM opened at $142.98 on Tuesday. The stock has a market cap of $39.68 billion, a PE ratio of 28.20, a PEG ratio of 2.22 and a beta of 0.72. The company’s fifty day moving average is $147.22 and its 200 day moving average is $146.28. Yum! Brands, Inc. has a 52 week low of $122.13 and a 52 week high of $163.30.

Yum! Brands (NYSE:YUM) last issued its earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.02). The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%.Yum! Brands’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.35 EPS. Sell-side analysts anticipate that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Announces Dividend

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