Yum! Brands, Inc. (NYSE:YUM) Short Interest Update

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Yum! Brands, Inc. (NYSE:YUM) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 4,620,000 shares, a drop of 8.9% from the August 30th total of 5,070,000 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average trading volume of 1,490,000 shares, the short-interest ratio is currently 3.1 days.

Several equities research analysts recently commented on the stock. Citigroup set a $138.00 price objective on shares of Yum! Brands and gave the stock a “hold” rating in a research note on Monday, August 12th. MKM Partners assumed coverage on shares of Yum! Brands in a research note on Tuesday, August 13th. They set a “neutral” rating and a $125.00 price objective on the stock. Edward Jones lowered shares of Yum! Brands from a “buy” rating to a “hold” rating in a research note on Monday, July 1st. Credit Suisse Group initiated coverage on shares of Yum! Brands in a report on Tuesday, June 25th. They issued a “neutral” rating and a $106.00 target price for the company. Finally, Morgan Stanley lifted their target price on shares of Yum! Brands from $106.00 to $112.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $110.65.

In other news, VP David Eric Russell sold 5,801 shares of Yum! Brands stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $115.33, for a total transaction of $669,029.33. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President David W. Gibbs sold 1,578 shares of Yum! Brands stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $110.48, for a total transaction of $174,337.44. Following the sale, the president now directly owns 42,928 shares in the company, valued at approximately $4,742,685.44. The disclosure for this sale can be found here. In the last three months, insiders sold 21,376 shares of company stock worth $2,477,724. Insiders own 0.67% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in YUM. Atwater Malick LLC purchased a new stake in Yum! Brands during the third quarter valued at approximately $26,000. Liberty Wealth Management LLC increased its holdings in Yum! Brands by 302.1% during the second quarter. Liberty Wealth Management LLC now owns 386 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 290 shares during the last quarter. Certified Advisory Corp purchased a new stake in Yum! Brands during the second quarter valued at approximately $44,000. TRUE Private Wealth Advisors purchased a new stake in Yum! Brands during the second quarter valued at approximately $54,000. Finally, Global Wealth Management Investment Advisory Inc. increased its holdings in Yum! Brands by 4,636.4% during the second quarter. Global Wealth Management Investment Advisory Inc. now owns 521 shares of the restaurant operator’s stock valued at $58,000 after buying an additional 510 shares during the last quarter. 75.32% of the stock is owned by hedge funds and other institutional investors.

Shares of YUM traded down $1.52 during mid-day trading on Tuesday, hitting $111.30. 134,283 shares of the company traded hands, compared to its average volume of 1,637,494. The stock has a 50-day moving average price of $114.55 and a two-hundred day moving average price of $109.26. Yum! Brands has a 1 year low of $84.53 and a 1 year high of $119.72. The stock has a market cap of $34.83 billion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 2.41 and a beta of 0.50.

Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.06. Yum! Brands had a net margin of 24.29% and a negative return on equity of 13.02%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the company earned $0.82 earnings per share. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. Equities analysts expect that Yum! Brands will post 3.87 earnings per share for the current fiscal year.

About Yum! Brands

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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