Fifth Third Wealth Advisors LLC Grows Stock Position in Yum! Brands, Inc. (NYSE:YUM)

Fifth Third Wealth Advisors LLC boosted its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 3.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,214 shares of the restaurant operator’s stock after buying an additional 183 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Yum! Brands were worth $728,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Deseret Mutual Benefit Administrators increased its holdings in 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 buying an additional 76 shares during the period. Legacy Financial Advisors Inc. boosted its holdings in shares of Yum! Brands by 2.2% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 3,460 shares of the restaurant operator’s stock valued at $458,000 after acquiring an additional 76 shares during the last quarter. Wesbanco Bank Inc. increased its stake in shares of Yum! Brands by 1.9% in the second quarter. Wesbanco Bank Inc. now owns 4,169 shares of the restaurant operator’s stock worth $552,000 after acquiring an additional 78 shares during the period. Diversified Trust Co raised its holdings in shares of Yum! Brands by 2.4% during the third quarter. Diversified Trust Co now owns 3,321 shares of the restaurant operator’s stock worth $464,000 after purchasing an additional 79 shares during the last quarter. Finally, Marcum Wealth LLC boosted its holdings in Yum! Brands by 3.4% in the second quarter. Marcum Wealth LLC now owns 2,477 shares of the restaurant operator’s stock valued at $328,000 after purchasing an additional 82 shares during the last quarter. Institutional investors own 82.37% of the company’s stock.

Insider Buying and Selling

In other Yum! Brands news, CEO David W. Gibbs sold 7,059 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $135.94, for a total value of $959,600.46. Following the transaction, the chief executive officer now directly owns 149,385 shares of the company’s stock, valued at $20,307,396.90. This trade represents a 4.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders have sold 21,069 shares of company stock worth $2,842,965. 0.31% of the stock is owned by insiders.

Yum! Brands Price Performance

NYSE YUM opened at $132.88 on Thursday. The stock’s 50 day simple moving average is $134.40 and its 200-day simple moving average is $134.50. The company has a market cap of $37.08 billion, a PE ratio of 24.84, a price-to-earnings-growth ratio of 2.26 and a beta of 1.10. Yum! Brands, Inc. has a 1-year low of $123.70 and a 1-year high of $143.20.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the previous year, the business posted $1.44 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities research analysts anticipate that Yum! Brands, Inc. will post 5.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Redburn Atlantic lowered Yum! Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Loop Capital decreased their price target on Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Robert W. Baird raised their price objective on shares of Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Bank of America decreased their target price on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Twelve investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Yum! Brands has an average rating of “Hold” and an average price target of $145.94.

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.