Yum! Brands, Inc. (NYSE:YUM) Shares Purchased by Quarry LP

Quarry LP increased its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 191.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,512 shares of the restaurant operator’s stock after purchasing an additional 993 shares during the period. Quarry LP’s holdings in Yum! Brands were worth $200,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in YUM. Manchester Capital Management LLC increased its position in shares of Yum! Brands by 165.7% during the first quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 116 shares during the period. Ruedi Wealth Management Inc. grew its stake in Yum! Brands by 79.8% during the 1st quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 83 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new position in Yum! Brands during the 1st quarter worth $28,000. Crewe Advisors LLC purchased a new stake in Yum! Brands during the 1st quarter worth about $28,000. Finally, Meeder Asset Management Inc. raised its position in Yum! Brands by 43.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 82 shares in the last quarter. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Yum! Brands Stock Down 0.2 %

YUM opened at $139.67 on Tuesday. Yum! Brands, Inc. has a 52 week low of $115.53 and a 52 week high of $143.20. The business’s 50 day moving average is $134.19 and its two-hundred day moving average is $135.35. The firm has a market cap of $39.27 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08.

Yum! Brands (NYSE:YUM) last announced its earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.02. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. During the same period in the previous year, the company posted $1.41 EPS. Equities analysts expect that Yum! Brands, Inc. will post 5.61 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were issued a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.92%. Yum! Brands’s payout ratio is 47.52%.

Analysts Set New Price Targets

A number of analysts recently weighed in on YUM shares. JPMorgan Chase & Co. upped their target price on shares of Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Morgan Stanley dropped their price objective on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Stifel Nicolaus reduced their price objective on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. The Goldman Sachs Group began coverage on shares of Yum! Brands in a research note on Thursday, June 13th. They set a “neutral” rating and a $150.00 target price for the company. Finally, Robert W. Baird raised their price target on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research note 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $145.25.

Insider Transactions at Yum! Brands

In related news, CEO David W. Gibbs sold 6,961 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $131.02, for a total value of $912,030.22. Following the transaction, the chief executive officer now owns 162,381 shares in the company, valued at approximately $21,275,158.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO David W. Gibbs sold 6,961 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $131.02, for a total transaction of $912,030.22. Following the completion of the sale, the chief executive officer now directly owns 162,381 shares of the company’s stock, valued at $21,275,158.62. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Weir Mirian M. Graddick sold 1,309 shares of Yum! Brands stock in a transaction on Monday, August 19th. The shares were sold at an average price of $137.40, for a total transaction of $179,856.60. Following the completion of the transaction, the director now owns 1,233 shares in the company, valued at $169,414.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 101,629 shares of company stock worth $13,888,443. Company insiders own 0.31% of the company’s stock.

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.