Asset Dedication LLC Has $838,000 Holdings in Yum! Brands, Inc. (NYSE:YUM)

Asset Dedication LLC lowered its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 15.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 6,001 shares of the restaurant operator’s stock after selling 1,096 shares during the period. Asset Dedication LLC’s holdings in Yum! Brands were worth $838,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ruedi Wealth Management Inc. boosted its position in shares of Yum! Brands by 79.8% during the first quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 83 shares during the last quarter. Manchester Capital Management LLC lifted its stake in Yum! Brands by 165.7% during the 1st quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 116 shares in the last quarter. Redmont Wealth Advisors LLC purchased a new position in Yum! Brands during the 1st quarter worth $28,000. Crewe Advisors LLC bought a new stake in shares of Yum! Brands in the 1st quarter worth $28,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of Yum! Brands by 43.6% in the second quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 82 shares during the last quarter. 82.37% of the stock is owned by institutional investors.

Yum! Brands Price Performance

Shares of YUM stock opened at $133.35 on Thursday. The stock has a market capitalization of $37.49 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 2.06 and a beta of 1.08. The company’s fifty day simple moving average is $135.14 and its two-hundred day simple moving average is $135.27. Yum! Brands, Inc. has a 1 year low of $118.28 and a 1 year high of $143.20.

Yum! Brands (NYSE:YUM) last released 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 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 analyst estimates of $1.80 billion. During the same period in the previous year, the company posted $1.41 EPS. Equities research analysts anticipate that Yum! Brands, Inc. will post 5.61 EPS for the current year.

Yum! Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were paid a dividend of $0.67 per share. The ex-dividend date was Tuesday, August 27th. This represents a $2.68 annualized dividend and a yield of 2.01%. Yum! Brands’s dividend payout ratio is currently 49.08%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on YUM shares. JPMorgan Chase & Co. upped their price objective on shares of Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft increased their price target on Yum! Brands from $143.00 to $147.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Robert W. Baird lifted their price target on Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Evercore ISI downgraded Yum! Brands from an “outperform” rating to an “inline” rating and reduced their price objective for the company from $160.00 to $145.00 in a research note on Tuesday, July 16th. Finally, Morgan Stanley reduced their price target on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $144.56.

Insider Buying and Selling

In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of the 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 sale, the chief executive officer now directly owns 152,634 shares in the company, valued at $20,518,588.62. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO David W. Gibbs sold 7,005 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 152,634 shares of the company’s stock, valued at approximately $20,518,588.62. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Scott Catlett sold 8,234 shares of Yum! Brands stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $137.79, for a total value of $1,134,562.86. Following the sale, the insider now directly owns 29,159 shares of the company’s stock, valued at $4,017,818.61. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,673 shares of company stock valued at $13,918,095. Company insiders own 0.31% of the company’s stock.

Yum! Brands 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.