Net Worth Advisory Group Invests $269,000 in Yum! Brands, Inc. (NYSE:YUM)

Net Worth Advisory Group acquired a new stake in shares of Yum! Brands, Inc. (NYSE:YUM) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,929 shares of the restaurant operator’s stock, valued at approximately $269,000.

Other institutional investors have also bought and sold shares of the company. Deseret Mutual Benefit Administrators lifted its stake in shares of Yum! Brands by 3.9% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 2,049 shares of the restaurant operator’s stock worth $271,000 after acquiring an additional 76 shares during the period. Legacy Financial Advisors Inc. lifted its position in Yum! Brands by 2.2% in the second quarter. Legacy Financial Advisors Inc. now owns 3,460 shares of the restaurant operator’s stock worth $458,000 after purchasing an additional 76 shares during the period. Wesbanco Bank Inc. boosted its stake in Yum! Brands by 1.9% during the 2nd quarter. Wesbanco Bank Inc. now owns 4,169 shares of the restaurant operator’s stock valued at $552,000 after purchasing an additional 78 shares in the last quarter. Diversified Trust Co increased its position in shares of Yum! Brands by 2.4% during the 3rd quarter. Diversified Trust Co now owns 3,321 shares of the restaurant operator’s stock valued at $464,000 after purchasing an additional 79 shares during the period. Finally, Choreo LLC raised its stake in shares of Yum! Brands by 1.6% in the 1st quarter. Choreo LLC now owns 5,312 shares of the restaurant operator’s stock worth $737,000 after buying an additional 82 shares in the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Yum! Brands Trading Up 0.4 %

Shares of Yum! Brands stock opened at $134.27 on Monday. Yum! Brands, Inc. has a 1 year low of $118.28 and a 1 year high of $143.20. The company has a market cap of $37.75 billion, a P/E ratio of 24.59, a P/E/G ratio of 2.06 and a beta of 1.08. The stock has a 50-day moving average price of $135.02 and a 200 day moving average price of $135.15.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.02. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates 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 prior year, the firm earned $1.41 earnings per share. On average, equities analysts forecast that Yum! Brands, Inc. will post 5.6 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Tuesday, August 27th. Yum! Brands’s dividend payout ratio (DPR) is currently 49.08%.

Analysts Set New Price Targets

YUM has been the topic of a number of research analyst reports. Evercore ISI lowered Yum! Brands from an “outperform” rating to an “inline” rating and lowered their target price for the stock from $160.00 to $145.00 in a report on Tuesday, July 16th. JPMorgan Chase & Co. lifted their price objective 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. Deutsche Bank Aktiengesellschaft raised their target price on shares of Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Morgan Stanley decreased 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 report on Tuesday, July 16th. Finally, TD Cowen downgraded Yum! Brands from a “buy” rating to a “hold” rating and cut their price objective for the company from $156.00 to $145.00 in a research report on Wednesday, October 16th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $146.53.

Insider Activity

In related news, CEO David W. Gibbs sold 7,005 shares of the stock in a transaction on Tuesday, October 15th. 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 directly owns 152,634 shares in the company, valued at approximately $20,518,588.62. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Sabir Sami sold 71,051 shares of Yum! Brands stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $137.16, for a total transaction of $9,745,355.16. Following the completion of the sale, the chief executive officer now directly owns 68 shares in the company, valued at $9,326.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David W. Gibbs sold 7,005 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $134.43, for a total value of $941,682.15. Following the completion of the sale, the chief executive officer now directly owns 152,634 shares of the company’s stock, valued at approximately $20,518,588.62. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,673 shares of company stock worth $13,918,095 in the last ninety days. Corporate 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.