1,790 Shares in Yum! Brands, Inc. $YUM Bought by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC acquired a new stake in Yum! Brands, Inc. (NYSE:YUM) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,790 shares of the restaurant operator’s stock, valued at approximately $265,000.

Several other large investors have also recently made changes to their positions in YUM. Fortitude Family Office LLC increased its holdings in Yum! Brands by 5.6% during the second quarter. Fortitude Family Office LLC now owns 1,277 shares of the restaurant operator’s stock worth $189,000 after buying an additional 68 shares during the last quarter. Valmark Advisers Inc. grew its position in shares of Yum! Brands by 3.7% during the 2nd quarter. Valmark Advisers Inc. now owns 1,915 shares of the restaurant operator’s stock valued at $284,000 after acquiring an additional 69 shares during the period. Manchester Capital Management LLC increased its stake 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 purchasing an additional 71 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Yum! Brands by 7.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,048 shares of the restaurant operator’s stock worth $165,000 after purchasing an additional 71 shares during the period. Finally, PGIM Custom Harvest LLC lifted its stake in Yum! Brands by 4.3% in the first quarter. PGIM Custom Harvest LLC now owns 1,857 shares of the restaurant operator’s stock valued at $292,000 after purchasing an additional 76 shares during the last quarter. 82.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on YUM. Gordon Haskett raised Yum! Brands to a “hold” rating in a research report on Wednesday, November 5th. BMO Capital Markets lifted their price objective on Yum! Brands from $150.00 to $155.00 and gave the stock a “market perform” rating in a report on Wednesday, November 5th. TD Cowen raised shares of Yum! Brands from a “hold” rating to a “buy” rating and upped their price objective for the company from $162.00 to $173.00 in a report on Monday. JPMorgan Chase & Co. reduced their target price on shares of Yum! Brands from $162.00 to $160.00 and set an “overweight” rating for the company in a research note on Wednesday, August 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Yum! Brands in a research note on Wednesday, October 8th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, Yum! Brands presently has an average rating of “Moderate Buy” and an average price target of $167.38.

Insider Buying and Selling

In related news, insider Erika Burkhardt sold 1,269 shares of Yum! Brands stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $149.37, for a total transaction of $189,550.53. Following the completion of the sale, the insider owned 64 shares of the company’s stock, valued at approximately $9,559.68. This trade represents a 95.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Aaron Powell sold 2,790 shares of Yum! Brands stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $150.48, for a total value of $419,839.20. Following the sale, the chief executive officer owned 26,650 shares of the company’s stock, valued at approximately $4,010,292. This trade represents a 9.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 37,870 shares of company stock valued at $5,657,495 in the last ninety days. 0.33% of the stock is owned by insiders.

Yum! Brands Trading Down 0.4%

YUM stock opened at $148.23 on Thursday. The firm has a 50 day moving average of $147.03 and a 200-day moving average of $146.30. The firm has a market capitalization of $41.16 billion, a P/E ratio of 29.24, a price-to-earnings-growth ratio of 2.08 and a beta of 0.73. Yum! Brands, Inc. has a 12 month low of $122.13 and a 12 month high of $163.30.

Yum! Brands (NYSE:YUM) last posted its earnings results on Tuesday, November 4th. The restaurant operator reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.12. Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the company posted $1.37 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. Sell-side analysts predict that Yum! Brands, Inc. will post 5.94 EPS for the current year.

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.