MGO One Seven LLC Has $1.33 Million Stock Holdings in Yum! Brands, Inc. $YUM

MGO One Seven LLC reduced its position in Yum! Brands, Inc. (NYSE:YUM) by 13.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 8,946 shares of the restaurant operator’s stock after selling 1,385 shares during the period. MGO One Seven LLC’s holdings in Yum! Brands were worth $1,326,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of YUM. Nuveen LLC acquired a new stake in Yum! Brands in the 1st quarter valued at about $97,453,000. Vanguard Group Inc. lifted its stake in Yum! Brands by 1.4% in the 1st 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 during the last quarter. Assenagon Asset Management S.A. lifted its stake in Yum! Brands by 2,288.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 502,267 shares of the restaurant operator’s stock valued at $74,426,000 after purchasing an additional 481,235 shares during the last quarter. Platinum Investment Management Ltd. acquired a new stake in Yum! Brands in the 2nd quarter valued at about $64,352,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in Yum! Brands by 28.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,940,044 shares of the restaurant operator’s stock valued at $305,286,000 after purchasing an additional 430,511 shares during the last quarter. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

YUM has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on shares of Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 6th. Evercore ISI lowered their price target on shares of Yum! Brands from $170.00 to $165.00 and set an “in-line” rating on the stock in a report on Wednesday, August 6th. TD Cowen lowered their price target on shares of Yum! Brands from $158.00 to $156.00 and set a “hold” rating on the stock in a report on Tuesday, August 5th. 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. Finally, Barclays reissued an “overweight” rating and issued a $164.00 price target (down 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 given a Hold rating to the company. According to MarketBeat, Yum! Brands currently has an average rating of “Hold” and a consensus target price of $161.48.

Yum! Brands Trading Up 0.3%

Shares of YUM opened at $144.34 on Thursday. Yum! Brands, Inc. has a 12 month low of $122.13 and a 12 month high of $163.30. The firm’s 50 day moving average is $147.05 and its 200-day moving average is $146.58. The stock has a market capitalization of $40.06 billion, a PE ratio of 28.47, a P/E/G ratio of 2.23 and a beta of 0.72.

Yum! Brands (NYSE:YUM) last announced its earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.02). Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%.The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the business posted $1.35 earnings per share. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities research analysts predict that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued 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 dividend yield of 2.0%. Yum! Brands’s dividend payout ratio (DPR) is currently 56.02%.

Insider Activity

In related news, CEO Scott Mezvinsky sold 275 shares of Yum! Brands stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $152.59, for a total value of $41,962.25. Following the transaction, the chief executive officer directly owned 1,755 shares of the company’s stock, valued at $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 SEC, which is available through this link. Also, Director Weir Mirian M. Graddick sold 2,038 shares of Yum! Brands stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $145.30, for a total transaction of $296,121.40. Following the completion of the transaction, the director directly owned 1,233 shares in the company, valued at $179,154.90. This trade represents a 62.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,078 shares of company stock valued at $4,304,785. 0.33% of the stock is owned by insiders.

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.