2,098 Shares in Yum! Brands, Inc. $YUM Acquired by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC bought a new stake in shares of Yum! Brands, Inc. (NYSE:YUM) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,098 shares of the restaurant operator’s stock, valued at approximately $311,000.

Other hedge funds also recently modified their holdings of the company. Fortitude Family Office LLC lifted its stake in Yum! Brands by 5.6% in the 2nd quarter. Fortitude Family Office LLC now owns 1,277 shares of the restaurant operator’s stock worth $189,000 after acquiring an additional 68 shares in the last quarter. Valmark Advisers Inc. lifted its position in shares of Yum! Brands by 3.7% in the second quarter. Valmark Advisers Inc. now owns 1,915 shares of the restaurant operator’s stock worth $284,000 after purchasing an additional 69 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in shares of Yum! Brands by 78.0% during the first quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 71 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Yum! Brands by 7.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,048 shares of the restaurant operator’s stock worth $165,000 after purchasing an additional 71 shares during the period. Finally, PGIM Custom Harvest LLC grew its position in Yum! Brands by 4.3% during the first quarter. PGIM Custom Harvest LLC now owns 1,857 shares of the restaurant operator’s stock valued at $292,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Insiders Place Their Bets

In other Yum! Brands news, CEO Scott Mezvinsky sold 275 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $152.59, for a total value of $41,962.25. Following the completion of the sale, the chief executive officer owned 1,755 shares in the company, valued at approximately $267,795.45. This trade represents a 13.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Weir Mirian M. Graddick sold 2,038 shares of the firm’s 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 sale, the director directly owned 1,233 shares of the company’s stock, valued at approximately $179,154.90. This represents a 62.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,357 shares of company stock valued at $4,499,653 over the last three months. Company insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

YUM has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Yum! Brands in a research note on Wednesday, October 8th. Barclays lifted their price objective on Yum! Brands from $163.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday. TD Cowen upped their target price on Yum! Brands from $156.00 to $162.00 and gave the stock a “hold” rating in a research report on Wednesday. Oppenheimer reaffirmed an “outperform” rating on shares of Yum! Brands in a research note on Wednesday. Finally, Citigroup boosted their price target on Yum! Brands from $156.00 to $158.00 and gave the company a “neutral” rating in a research note on Monday, October 20th. Twelve analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $166.29.

Yum! Brands Trading Down 1.3%

Shares of NYSE:YUM opened at $147.42 on Friday. The business’s 50 day moving average is $146.45 and its 200-day moving average is $146.19. The firm has a market capitalization of $40.92 billion, a PE ratio of 29.08, a PEG ratio of 2.08 and a beta of 0.73. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.12. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.96 billion. Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.37 earnings per share. On average, sell-side analysts predict that Yum! Brands, Inc. will post 5.94 EPS for the current 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 paid a $0.71 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.9%. Yum! Brands’s dividend payout ratio (DPR) is 55.36%.

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.