Richwood Investment Advisors LLC Boosts Stock Position in Yum! Brands, Inc. $YUM

Richwood Investment Advisors LLC lifted its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 5.7% during the second quarter, HoldingsChannel.com reports. The firm owned 3,713 shares of the restaurant operator’s stock after purchasing an additional 200 shares during the quarter. Richwood Investment Advisors LLC’s holdings in Yum! Brands were worth $550,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in YUM. Vanguard Group Inc. increased its position in shares of Yum! Brands by 1.4% during the first quarter. Vanguard Group Inc. now owns 34,109,219 shares of the restaurant operator’s stock valued at $5,367,427,000 after buying an additional 483,918 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Yum! Brands by 2.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,098,801 shares of the restaurant operator’s stock worth $330,267,000 after purchasing an additional 53,326 shares in the last quarter. TD Asset Management Inc boosted its holdings in Yum! Brands by 1.4% in the 1st quarter. TD Asset Management Inc now owns 1,954,145 shares of the restaurant operator’s stock valued at $307,504,000 after purchasing an additional 27,355 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Yum! Brands by 28.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,940,044 shares of the restaurant operator’s stock valued at $305,286,000 after purchasing an additional 430,511 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Yum! Brands by 1.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,700,298 shares of the restaurant operator’s stock worth $267,559,000 after purchasing an additional 23,008 shares during the period. Institutional investors own 82.37% of the company’s stock.

Wall Street Analyst Weigh In

YUM has been the subject of several recent analyst reports. Piper Sandler boosted their target price on Yum! Brands from $155.00 to $157.00 and gave the stock a “neutral” rating in a research report on Thursday. Wells Fargo & Company cut their price objective on Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating for the company in a report on Wednesday, August 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Yum! Brands in a research note on Saturday, September 27th. TD Cowen decreased their price target on shares of Yum! Brands from $158.00 to $156.00 and set a “hold” rating on the stock in a report on Tuesday, August 5th. Finally, Melius assumed coverage on shares of Yum! Brands in a report on Monday, July 14th. They set a “buy” rating and a $200.00 price objective for the company. Eleven analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $161.32.

Yum! Brands Stock Down 1.3%

Shares of NYSE:YUM opened at $148.79 on Tuesday. The stock has a market cap of $41.30 billion, a PE ratio of 29.35, a PEG ratio of 2.35 and a beta of 0.72. The company’s fifty day moving average is $147.13 and its 200 day moving average is $147.08. Yum! Brands, Inc. has a 52 week low of $122.13 and a 52 week high of $163.30.

Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Tuesday, August 5th. The restaurant operator reported $1.44 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.02). Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%.The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the firm posted $1.35 EPS. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. Sell-side analysts anticipate that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 2nd. Yum! Brands’s payout ratio is presently 56.02%.

Insider Activity

In other Yum! Brands news, COO Tracy L. Skeans sold 12,220 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $148.24, for a total transaction of $1,811,492.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Scott Mezvinsky sold 275 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $152.59, for a total transaction of $41,962.25. Following the completion of the sale, the chief executive officer directly owned 1,755 shares in the company, valued at approximately $267,795.45. This trade represents a 13.55% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,195 shares of company stock valued at $5,348,137. 0.33% of the stock is owned by corporate insiders.

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.