Yum! Brands, Inc. (NYSE:YUM) Shares Purchased by Brighton Jones LLC

Brighton Jones LLC grew its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 4.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,765 shares of the restaurant operator’s stock after purchasing an additional 349 shares during the period. Brighton Jones LLC’s holdings in Yum! Brands were worth $1,029,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Yum! Brands by 24.0% during the first quarter. Vanguard Group Inc. now owns 29,012,969 shares of the restaurant operator’s stock valued at $4,022,648,000 after buying an additional 5,607,517 shares during the period. Capital World Investors raised its holdings in Yum! Brands by 23.7% in the 1st quarter. Capital World Investors now owns 18,121,611 shares of the restaurant operator’s stock valued at $2,512,561,000 after acquiring an additional 3,470,883 shares during the last quarter. Capital International Investors lifted its stake in shares of Yum! Brands by 10.2% during the 1st quarter. Capital International Investors now owns 14,669,356 shares of the restaurant operator’s stock worth $2,033,906,000 after purchasing an additional 1,362,813 shares during the period. Sustainable Growth Advisers LP boosted its holdings in shares of Yum! Brands by 2.1% during the first quarter. Sustainable Growth Advisers LP now owns 5,939,663 shares of the restaurant operator’s stock worth $823,534,000 after purchasing an additional 121,285 shares during the last quarter. Finally, TD Asset Management Inc grew its position in shares of Yum! Brands by 36.6% in the first quarter. TD Asset Management Inc now owns 2,174,526 shares of the restaurant operator’s stock valued at $301,498,000 after purchasing an additional 582,267 shares during the period. 82.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 155,883 shares in the company, valued at approximately $20,955,351.69. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $134.43, for a total transaction of $941,682.15. Following the transaction, the chief executive officer now directly owns 155,883 shares in the company, valued at approximately $20,955,351.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David W. Gibbs sold 6,961 shares of the firm’s 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 transaction, the chief executive officer now directly owns 162,381 shares of the company’s stock, valued at $21,275,158.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 101,629 shares of company stock worth $13,888,443. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

YUM has been the subject of several recent analyst reports. TD Cowen restated a “buy” rating and issued a $156.00 price target on shares of Yum! Brands in a report on Thursday, September 12th. Deutsche Bank Aktiengesellschaft boosted their target price 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. Morgan Stanley cut their price target on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Stifel Nicolaus lowered their price objective on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Finally, Evercore ISI lowered Yum! Brands from an “outperform” rating to an “inline” rating and cut their target price for the stock from $160.00 to $145.00 in a research report on Tuesday, July 16th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Yum! Brands has a consensus rating of “Hold” and an average target price of $145.25.

Yum! Brands Stock Down 1.1 %

NYSE YUM opened at $129.71 on Friday. Yum! Brands, Inc. has a fifty-two week low of $115.53 and a fifty-two week high of $143.20. The business has a 50 day moving average price of $133.29 and a two-hundred day moving average price of $135.55. The stock has a market cap of $36.53 billion, a PE ratio of 23.00, a P/E/G ratio of 2.06 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 earnings per share 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 the consensus estimate of $1.80 billion. During the same period in the prior year, the firm earned $1.41 earnings per share. Sell-side analysts anticipate that Yum! Brands, Inc. will post 5.62 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 given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Tuesday, August 27th. Yum! Brands’s payout ratio is 47.52%.

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.