Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lowered its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 18.1% during the second quarter, HoldingsChannel reports. The firm owned 400,734 shares of the restaurant operator’s stock after selling 88,494 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Yum! Brands were worth $53,081,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Ruedi Wealth Management Inc. lifted its holdings in Yum! Brands by 79.8% in the 1st quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock worth $26,000 after buying an additional 83 shares in the last quarter. Manchester Capital Management LLC raised its position in shares of Yum! Brands by 165.7% in the 1st quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 116 shares in the last quarter. Redmont Wealth Advisors LLC purchased a new position in shares of Yum! Brands during the 1st quarter valued at approximately $28,000. Crewe Advisors LLC acquired a new stake in Yum! Brands in the first quarter valued at $28,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Yum! Brands during the 1st quarter valued at $37,000. 82.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

YUM has been the topic of a number of recent analyst reports. TD Cowen restated a “buy” rating and issued a $156.00 target price on shares of Yum! Brands in a research note on Tuesday, August 6th. BMO Capital Markets increased their target price on Yum! Brands from $133.00 to $135.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Robert W. Baird upped their price target on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, The Goldman Sachs Group began coverage on shares of Yum! Brands in a report on Thursday, June 13th. They issued a “neutral” rating and a $150.00 price objective for the company. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $145.00.

Yum! Brands Trading Down 0.2 %

Yum! Brands stock traded down $0.33 during midday trading on Friday, reaching $134.92. 1,876,329 shares of the stock traded hands, compared to its average volume of 1,967,391. Yum! Brands, Inc. has a fifty-two week low of $115.53 and a fifty-two week high of $143.20. The firm has a market cap of $37.94 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 2.07 and a beta of 1.07. The firm has a fifty day moving average price of $132.46 and a two-hundred day moving average price of $135.85.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.02. Yum! Brands had a negative return on equity of 18.90% and a net margin of 21.96%. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the company posted $1.41 earnings per share. Analysts anticipate that Yum! Brands, Inc. will post 5.62 earnings per share for the current year.

Yum! Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.99%. Yum! Brands’s dividend payout ratio (DPR) is 47.52%.

Yum! Brands announced that its Board of Directors has approved a share repurchase plan on Wednesday, May 15th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the restaurant operator to reacquire up to 5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 6,961 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was 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 directly owns 162,381 shares in the company, valued at $21,275,158.62. The transaction 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 that occurred on Wednesday, August 7th. The shares were sold at an average price of $137.16, for a total value of $9,745,355.16. Following the transaction, the chief executive officer now owns 68 shares of the company’s stock, valued at approximately $9,326.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, 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. In the last three months, insiders sold 101,685 shares of company stock valued at $13,910,094. Company 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.