Los Angeles Capital Management LLC Sells 419,487 Shares of Yum! Brands, Inc. (NYSE:YUM)

Los Angeles Capital Management LLC decreased its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 99.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,518 shares of the restaurant operator’s stock after selling 419,487 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Yum! Brands were worth $466,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of YUM. Ruedi Wealth Management Inc. raised its position in shares of Yum! Brands by 79.8% in the 1st quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 83 shares in the last quarter. Manchester Capital Management LLC raised its position in Yum! Brands by 165.7% during 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 bought a new stake in Yum! Brands during the first quarter worth $28,000. Crewe Advisors LLC acquired a new stake in shares of Yum! Brands in the 1st quarter valued at $28,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Yum! Brands in the 1st quarter valued at $37,000. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Yum! Brands

In other 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 directly owns 162,381 shares of the company’s stock, valued at approximately $21,275,158.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO David W. Gibbs sold 7,069 shares of Yum! Brands stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $137.92, for a total value of $974,956.48. Following the completion of the sale, the chief executive officer now owns 159,132 shares in the company, valued at approximately $21,947,485.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David W. Gibbs sold 6,961 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $131.02, for a total transaction 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,685 shares of company stock valued at $13,910,094. 0.31% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

YUM has been the topic of several research analyst reports. Evercore ISI lowered Yum! Brands from an “outperform” rating to an “inline” rating and reduced their price objective for the company from $160.00 to $145.00 in a research note on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Yum! Brands from $143.00 to $147.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. TD Cowen reissued a “buy” rating and issued a $156.00 price objective on shares of Yum! Brands in a research note on Thursday. The Goldman Sachs Group assumed 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 on the stock. Finally, Morgan Stanley lowered their price target on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Yum! Brands presently has an average rating of “Hold” and a consensus price target of $145.00.

Yum! Brands Price Performance

Shares of YUM opened at $133.65 on Friday. The business has a 50-day moving average of $133.02 and a 200-day moving average of $135.77. The company has a market capitalization of $37.58 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 2.04 and a beta of 1.08. Yum! Brands, Inc. has a 1 year low of $115.53 and a 1 year high of $143.20.

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

Yum! Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were given a dividend of $0.67 per share. The ex-dividend date was Tuesday, August 27th. This represents a $2.68 dividend on an annualized basis and a yield of 2.01%. Yum! Brands’s dividend payout ratio (DPR) is currently 47.52%.

Yum! Brands 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.