Ethic Inc. Has $630,000 Position in Yum! Brands, Inc. $YUM

Ethic Inc. lifted its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 7.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,248 shares of the restaurant operator’s stock after purchasing an additional 279 shares during the period. Ethic Inc.’s holdings in Yum! Brands were worth $630,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake 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 purchasing an additional 483,918 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Yum! Brands by 2.6% during 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 buying an additional 53,326 shares in the last quarter. Cantillon Capital Management LLC boosted its position in Yum! Brands by 13.1% in the 2nd quarter. Cantillon Capital Management LLC now owns 2,063,179 shares of the restaurant operator’s stock valued at $305,722,000 after buying an additional 238,615 shares during the last quarter. TD Asset Management Inc increased its stake in shares of 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 buying an additional 27,355 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Yum! Brands by 28.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,940,044 shares of the restaurant operator’s stock worth $305,286,000 after acquiring an additional 430,511 shares during the last quarter. 82.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

YUM has been the subject of a number of research reports. Royal Bank Of Canada began coverage on Yum! Brands in a research report on Wednesday, October 8th. They issued a “sector perform” rating and a $165.00 price objective for the company. JPMorgan Chase & Co. lowered their price target on shares of Yum! Brands from $162.00 to $160.00 and set an “overweight” rating for the company in a research report on Wednesday, August 6th. Guggenheim restated a “buy” rating and issued a $167.00 price objective (up from $165.00) on shares of Yum! Brands in a report on Monday, August 4th. TD Cowen lowered their target price on shares of Yum! Brands from $158.00 to $156.00 and set a “hold” rating for the company in a report on Tuesday, August 5th. Finally, Citigroup increased their price target on Yum! Brands from $156.00 to $158.00 and gave the company a “neutral” rating in a research note on Monday, October 20th. Eleven research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, Yum! Brands has an average rating of “Hold” and a consensus target price of $163.14.

Insider Activity at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,176 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $149.80, for a total transaction of $1,074,964.80. Following the completion of the transaction, the chief executive officer owned 102,893 shares in the company, valued at approximately $15,413,371.40. This represents a 6.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Tracy L. Skeans sold 12,220 shares of Yum! Brands stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $148.24, for a total value of $1,811,492.80. The disclosure for this sale can be found here. Insiders sold a total of 29,078 shares of company stock valued at $4,304,785 in the last quarter. 0.33% of the stock is currently owned by company insiders.

Yum! Brands Price Performance

NYSE:YUM opened at $142.98 on Tuesday. The business’s 50-day simple moving average is $147.22 and its 200-day simple moving average is $146.28. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $163.30. The stock has a market capitalization of $39.68 billion, a PE ratio of 28.20, a price-to-earnings-growth ratio of 2.22 and a beta of 0.72.

Yum! Brands (NYSE:YUM) last announced its earnings results 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 for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the business posted $1.35 earnings per share. The business’s quarterly revenue was up 9.6% on a year-over-year basis. On average, research analysts expect that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Yum! Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, September 2nd. Yum! Brands’s payout ratio is currently 56.02%.

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.