Envestnet Asset Management Inc. Purchases 850 Shares of Yum! Brands, Inc. (NYSE:YUM)

Envestnet Asset Management Inc. increased its holdings in Yum! Brands, Inc. (NYSE:YUM) by 0.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 256,459 shares of the restaurant operator’s stock after buying an additional 850 shares during the period. Envestnet Asset Management Inc.’s holdings in Yum! Brands were worth $33,971,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of YUM. Federated Hermes Inc. increased its holdings in shares of Yum! Brands by 29.3% in the 2nd quarter. Federated Hermes Inc. now owns 47,628 shares of the restaurant operator’s stock worth $6,309,000 after buying an additional 10,788 shares during the last quarter. Meeder Advisory Services Inc. grew its position in Yum! Brands by 19.3% in the second quarter. Meeder Advisory Services Inc. now owns 8,225 shares of the restaurant operator’s stock worth $1,090,000 after acquiring an additional 1,330 shares in the last quarter. Meeder Asset Management Inc. grew its position in Yum! Brands by 43.6% in the second quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 82 shares in the last quarter. Johnson Investment Counsel Inc. raised its position in Yum! Brands by 4.8% during the second quarter. Johnson Investment Counsel Inc. now owns 11,332 shares of the restaurant operator’s stock valued at $1,501,000 after purchasing an additional 517 shares during the period. Finally, Achmea Investment Management B.V. lifted its stake in shares of Yum! Brands by 24.7% in the 2nd quarter. Achmea Investment Management B.V. now owns 11,743 shares of the restaurant operator’s stock valued at $1,555,000 after purchasing an additional 2,325 shares during the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Yum! Brands Price Performance

YUM stock opened at $129.71 on Friday. Yum! Brands, Inc. has a 1-year low of $115.53 and a 1-year high of $143.20. The business has a 50-day moving average price of $133.29 and a 200 day moving average price of $135.55. The company has a market capitalization of $36.53 billion, a P/E ratio of 23.00, a PEG ratio of 2.06 and a beta of 1.08.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, beating 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 business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the business posted $1.41 EPS. On average, analysts anticipate that Yum! Brands, Inc. will post 5.62 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The business also recently declared 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 was Tuesday, August 27th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.07%. Yum! Brands’s dividend payout ratio is presently 47.52%.

Wall Street Analyst Weigh In

YUM has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on Yum! Brands from $143.00 to $147.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Robert W. Baird increased their target price on shares of Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Evercore ISI cut shares of Yum! Brands from an “outperform” rating to an “inline” rating and dropped their price target for the stock from $160.00 to $145.00 in a research note on Tuesday, July 16th. JPMorgan Chase & Co. increased their price objective on shares of Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, The Goldman Sachs Group assumed coverage on Yum! Brands in a research report on Thursday, June 13th. They set a “neutral” rating and a $150.00 target price for the company. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Yum! Brands has a consensus rating of “Hold” and a consensus price target of $145.25.

Insider Transactions at Yum! Brands

In related news, CEO David W. Gibbs sold 7,005 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $134.43, for a total transaction of $941,682.15. Following the sale, the chief executive officer now owns 155,883 shares of the company’s stock, valued at $20,955,351.69. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO David W. Gibbs sold 6,961 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 162,381 shares of the company’s stock, valued at $21,275,158.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction on Monday, September 16th. The stock was sold at an average price of $134.43, for a total transaction of $941,682.15. Following the completion of the transaction, the chief executive officer now directly owns 155,883 shares in the company, valued at $20,955,351.69. The disclosure for this sale can be found here. In the last three months, insiders sold 101,629 shares of company stock valued at $13,888,443. Corporate insiders own 0.31% of the company’s stock.

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.