MBB Public Markets I LLC Purchases 18,448 Shares of Yum! Brands, Inc. (NYSE:YUM)

MBB Public Markets I LLC boosted its position in Yum! Brands, Inc. (NYSE:YUM) by 996.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,300 shares of the restaurant operator’s stock after acquiring an additional 18,448 shares during the quarter. MBB Public Markets I LLC’s holdings in Yum! Brands were worth $2,689,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in YUM. Norden Group LLC bought a new position in shares of Yum! Brands in the 1st quarter valued at $3,415,000. Leo Wealth LLC acquired a new position in Yum! Brands during the fourth quarter worth about $268,000. Syon Capital LLC raised its stake in Yum! Brands by 3.0% during the fourth quarter. Syon Capital LLC now owns 3,342 shares of the restaurant operator’s stock worth $437,000 after acquiring an additional 96 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Yum! Brands by 140.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 126,550 shares of the restaurant operator’s stock valued at $16,763,000 after purchasing an additional 73,844 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Yum! Brands by 1.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 333,131 shares of the restaurant operator’s stock valued at $44,000,000 after purchasing an additional 5,137 shares during the last quarter. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

YUM has been the topic of a number of research analyst reports. Stifel Nicolaus cut their target price on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating on the stock in a research 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 price target for the company. Deutsche Bank Aktiengesellschaft raised their price objective on Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Evercore ISI downgraded shares of Yum! Brands from an “outperform” rating to an “inline” rating and decreased their target price for the company from $160.00 to $145.00 in a research report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $145.25.

Insider Buying and Selling

In other Yum! Brands news, 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 in the company, valued at approximately $21,275,158.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Yum! Brands news, CEO David W. Gibbs sold 6,961 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $131.02, for a total value of $912,030.22. Following the completion of the sale, the chief executive officer now owns 162,381 shares in the company, valued at approximately $21,275,158.62. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Sabir Sami sold 71,051 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $137.16, for a total value of $9,745,355.16. Following the completion of the transaction, the chief executive officer now owns 68 shares in the company, valued at approximately $9,326.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,629 shares of company stock worth $13,888,443. 0.31% of the stock is owned by corporate insiders.

Yum! Brands Stock Up 1.3 %

Shares of YUM opened at $139.92 on Friday. The stock has a market cap of $39.41 billion, a P/E ratio of 24.81, a P/E/G ratio of 2.05 and a beta of 1.08. The business’s fifty day moving average is $133.97 and its 200 day moving average is $135.36. Yum! Brands, Inc. has a 12-month low of $115.53 and a 12-month high of $143.20.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.80 billion. During the same period last year, the company earned $1.41 earnings per share. On average, analysts expect that Yum! Brands, Inc. will post 5.61 EPS for the current year.

Yum! Brands Announces Dividend

The business 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 dividend payout ratio is presently 47.52%.

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.