Inceptionr LLC Cuts Stock Position in Yum! Brands, Inc. $YUM

Inceptionr LLC cut its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 37.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,176 shares of the restaurant operator’s stock after selling 3,696 shares during the quarter. Inceptionr LLC’s holdings in Yum! Brands were worth $915,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Manchester Capital Management LLC raised its stake in Yum! Brands by 78.0% during the 1st quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 71 shares during the period. Greykasell Wealth Strategies Inc. purchased a new stake in Yum! Brands during the 1st quarter valued at approximately $25,000. HFM Investment Advisors LLC purchased a new position in shares of Yum! Brands in the first quarter worth $25,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Yum! Brands during the second quarter worth $29,000. Finally, Financial Gravity Companies Inc. purchased a new position in Yum! Brands during the second quarter valued at $36,000. Institutional investors own 82.37% of the company’s stock.

Yum! Brands Price Performance

Shares of YUM stock opened at $154.06 on Thursday. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30. The stock’s 50 day simple moving average is $147.37 and its two-hundred day simple moving average is $146.45. The company has a market cap of $42.78 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 2.08 and a beta of 0.73.

Yum! Brands (NYSE:YUM) last announced its earnings results on Tuesday, November 4th. The restaurant operator reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.12. Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%.The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the business earned $1.37 EPS. The company’s quarterly revenue was up 8.4% on a year-over-year basis. Equities research analysts expect that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Tuesday, December 2nd will be given a dividend of $0.71 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $2.84 dividend on an annualized basis and a yield of 1.8%. Yum! Brands’s payout ratio is 55.36%.

Insiders Place Their Bets

In related news, COO Tracy L. Skeans sold 24,332 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $149.10, for a total value of $3,627,901.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Erika Burkhardt sold 1,269 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $149.37, for a total transaction of $189,550.53. Following the completion of the sale, the insider directly owned 64 shares of the company’s stock, valued at approximately $9,559.68. The trade was a 95.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 37,870 shares of company stock valued at $5,657,495. 0.33% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. Stifel Nicolaus set a $160.00 price target on shares of Yum! Brands in a research note on Monday, November 17th. Piper Sandler boosted their target price on Yum! Brands from $157.00 to $158.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Wells Fargo & Company dropped their price target on Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 6th. JPMorgan Chase & Co. reduced their price objective on Yum! Brands from $162.00 to $160.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 6th. Finally, Citigroup upped their price objective on Yum! Brands from $156.00 to $158.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $167.38.

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.