Infusive Asset Management Inc. Sells 6,153 Shares of Yum! Brands, Inc. $YUM

Infusive Asset Management Inc. reduced its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 31.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,593 shares of the restaurant operator’s stock after selling 6,153 shares during the quarter. Infusive Asset Management Inc.’s holdings in Yum! Brands were worth $2,139,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of YUM. Vanguard Group Inc. boosted its stake in 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 acquiring an additional 483,918 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Yum! Brands by 14.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,045,475 shares of the restaurant operator’s stock valued at $274,421,000 after acquiring an additional 258,369 shares during the last quarter. TD Asset Management Inc raised its holdings 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 purchasing an additional 27,355 shares during the period. Price T Rowe Associates Inc. MD raised its holdings 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 purchasing an additional 430,511 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings 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 purchasing an additional 23,008 shares during the period. 82.37% of the stock is owned by institutional investors.

Yum! Brands Stock Down 0.7%

Shares of NYSE YUM opened at $143.61 on Friday. The business’s 50 day moving average price is $146.85 and its two-hundred day moving average price is $148.10. The company has a market cap of $39.86 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 2.25 and a beta of 0.73. Yum! Brands, Inc. has a twelve month low of $122.13 and a twelve month high of $163.30.

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

Yum! Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.84 annualized dividend and a dividend yield of 2.0%. Yum! Brands’s payout ratio is presently 56.02%.

Analyst Ratings Changes

Several research firms have weighed in on YUM. Barclays reiterated an “overweight” rating and issued a $164.00 target price (down from $167.00) on shares of Yum! Brands in a report on Tuesday, August 5th. Guggenheim restated a “buy” rating and set a $167.00 price objective (up from $165.00) on shares of Yum! Brands in a report on Monday, August 4th. Wells Fargo & Company dropped their price objective 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. The Goldman Sachs Group upgraded shares of Yum! Brands from a “neutral” rating to a “buy” rating and set a $167.00 price target on the stock in a research note on Wednesday, June 4th. Finally, Morgan Stanley lowered their price target on shares of Yum! Brands from $153.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 6th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $161.23.

Insider Activity at Yum! Brands

In related news, CEO Scott Mezvinsky sold 263 shares of Yum! Brands stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $139.92, for a total transaction of $36,798.96. Following the completion of the sale, the chief executive officer owned 1,755 shares of the company’s stock, valued at approximately $245,559.60. The trade was a 13.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Tracy L. Skeans sold 12,220 shares of Yum! Brands stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $148.24, for a total transaction of $1,811,492.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,016 shares of company stock worth $4,271,543. 0.33% of the stock is currently owned by corporate insiders.

About Yum! Brands

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.