MOKAN Wealth Management Inc. Boosts Stock Position in Yum! Brands, Inc. $YUM

MOKAN Wealth Management Inc. grew its stake in Yum! Brands, Inc. (NYSE:YUM) by 21.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,779 shares of the restaurant operator’s stock after purchasing an additional 1,735 shares during the period. MOKAN Wealth Management Inc.’s holdings in Yum! Brands were worth $1,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Yum! Brands by 1.4% in the first quarter. Vanguard Group Inc. now owns 34,109,219 shares of the restaurant operator’s stock valued at $5,367,427,000 after purchasing an additional 483,918 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Yum! Brands by 2.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,098,801 shares of the restaurant operator’s stock worth $330,267,000 after acquiring an additional 53,326 shares during the period. TD Asset Management Inc grew its position in Yum! Brands by 1.4% in the first quarter. TD Asset Management Inc now owns 1,954,145 shares of the restaurant operator’s stock worth $307,504,000 after acquiring an additional 27,355 shares during the period. Price T Rowe Associates Inc. MD grew its position in Yum! Brands by 28.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,940,044 shares of the restaurant operator’s stock worth $305,286,000 after acquiring an additional 430,511 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Yum! Brands by 1.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,700,298 shares of the restaurant operator’s stock worth $267,559,000 after acquiring an additional 23,008 shares during the period. 82.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Scott Mezvinsky sold 275 shares of the 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David W. Gibbs sold 7,176 shares of the 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 completion of the sale, the chief executive officer owned 102,893 shares in the company, valued at approximately $15,413,371.40. The trade was a 6.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,195 shares of company stock valued at $5,348,137 in the last three months. 0.33% of the stock is currently owned by insiders.

Yum! Brands Stock Down 0.8%

YUM opened at $141.53 on Monday. Yum! Brands, Inc. has a 52 week low of $122.13 and a 52 week high of $163.30. The business has a fifty day simple moving average of $147.04 and a 200-day simple moving average of $146.72. The firm has a market cap of $39.28 billion, a P/E ratio of 27.92, a P/E/G ratio of 2.21 and a beta of 0.72.

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

Yum! Brands Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Piper Sandler increased their price objective on Yum! Brands from $155.00 to $157.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Royal Bank Of Canada assumed coverage on Yum! Brands in a research report on Wednesday. They issued a “sector perform” rating and a $165.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on Yum! Brands from $162.00 to $160.00 and set an “overweight” rating for the company in a research report on Wednesday, August 6th. Wells Fargo & Company lowered their price objective on Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 6th. Finally, Melius assumed coverage on Yum! Brands in a research report on Monday, July 14th. They issued a “buy” rating and a $200.00 price objective for the company. Eleven investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, Yum! Brands presently has a consensus rating of “Hold” and an average price target of $161.48.

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.