Yum! Brands, Inc. (NYSE:YUM) Shares Purchased by Eagle Bay Advisors LLC

Eagle Bay Advisors LLC raised its position in Yum! Brands, Inc. (NYSE:YUM) by 10.0% during the second quarter, HoldingsChannel reports. The firm owned 1,659 shares of the restaurant operator’s stock after purchasing an additional 151 shares during the period. Eagle Bay Advisors LLC’s holdings in Yum! Brands were worth $220,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bfsg LLC acquired a new position in Yum! Brands during the fourth quarter worth about $26,000. Ruedi Wealth Management Inc. grew its position in shares of Yum! Brands by 79.8% in the first quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 83 shares in the last quarter. Manchester Capital Management LLC grew its position in shares of Yum! Brands by 165.7% in the first quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 116 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new stake in shares of Yum! Brands in the first quarter valued at approximately $28,000. Finally, Crewe Advisors LLC purchased a new position in Yum! Brands during the first quarter worth approximately $28,000. Institutional investors and hedge funds own 82.37% of the company’s stock.

Yum! Brands Stock Down 0.3 %

YUM stock traded down $0.45 during midday trading on Tuesday, hitting $134.50. The company’s stock had a trading volume of 2,079,147 shares, compared to its average volume of 1,969,005. The firm has a 50-day simple moving average of $132.45 and a 200-day simple moving average of $135.82. The firm has a market capitalization of $37.88 billion, a P/E ratio of 23.85, a PEG ratio of 2.09 and a beta of 1.07. Yum! Brands, Inc. has a 52-week low of $115.53 and a 52-week high of $143.20.

Yum! Brands (NYSE:YUM) last released its earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.02. Yum! Brands had a negative return on equity of 18.90% and a net margin of 21.96%. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the business posted $1.41 earnings per share. On average, sell-side analysts expect that Yum! Brands, Inc. will post 5.62 earnings per share for the current fiscal year.

Yum! Brands declared that its Board of Directors has initiated a stock repurchase program on Wednesday, May 15th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the restaurant operator to reacquire up to 5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Yum! Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Tuesday, August 27th will be paid a dividend of $0.67 per share. The ex-dividend date is Tuesday, August 27th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.99%. Yum! Brands’s payout ratio is 47.52%.

Insider Activity at Yum! Brands

In related news, CEO David W. Gibbs sold 7,061 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $136.43, for a total transaction of $963,332.23. Following the completion of the transaction, the chief executive officer now owns 165,630 shares in the company, valued at $22,596,900.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Sabir Sami sold 71,051 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $137.16, for a total value of $9,745,355.16. Following the completion of the transaction, the chief executive officer now owns 68 shares in the company, valued at approximately $9,326.88. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David W. Gibbs sold 7,061 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of $136.43, for a total transaction of $963,332.23. Following the completion of the transaction, the chief executive officer now directly owns 165,630 shares in the company, valued at $22,596,900.90. The disclosure for this sale can be found here. Insiders have sold a total of 101,685 shares of company stock valued at $13,910,094 over the last 90 days. 0.31% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on YUM shares. Robert W. Baird raised their target price on Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. BMO Capital Markets lifted their target price on shares of Yum! Brands from $133.00 to $135.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. TD Cowen reissued a “buy” rating and issued a $156.00 price target on shares of Yum! Brands in a research note on Tuesday, August 6th. The Goldman Sachs Group assumed coverage on shares of Yum! Brands in a research report on Thursday, June 13th. They set a “neutral” rating and a $150.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Yum! Brands presently has an average rating of “Hold” and a consensus price target of $145.00.

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.