Lake Street Advisors Group LLC Sells 129 Shares of Yum! Brands, Inc. (NYSE:YUM)

Lake Street Advisors Group LLC lowered its position in Yum! Brands, Inc. (NYSE:YUM) by 4.3% in the third quarter, Holdings Channel.com reports. The fund owned 2,862 shares of the restaurant operator’s stock after selling 129 shares during the period. Lake Street Advisors Group LLC’s holdings in Yum! Brands were worth $400,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Ruedi Wealth Management Inc. raised its stake in shares of Yum! Brands by 79.8% in the first quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 83 shares in the last quarter. Manchester Capital Management LLC raised its stake 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 buying an additional 116 shares in the last quarter. Redmont Wealth Advisors LLC bought a new position in shares of Yum! Brands during the 1st quarter worth about $28,000. Crewe Advisors LLC bought a new stake in Yum! Brands in the first quarter valued at about $28,000. Finally, DiNuzzo Private Wealth Inc. raised its position in Yum! Brands by 957.1% in the third quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 201 shares in the last quarter. Institutional investors own 82.37% of the company’s stock.

Yum! Brands Stock Down 0.1 %

Shares of YUM stock opened at $133.04 on Friday. Yum! Brands, Inc. has a 12 month low of $118.28 and a 12 month high of $143.20. The firm has a market cap of $37.47 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 2.07 and a beta of 1.08. The stock has a 50-day moving average price of $134.66 and a 200 day moving average price of $135.07.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.02. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the firm posted $1.41 earnings per share. Sell-side analysts predict that Yum! Brands, Inc. will post 5.6 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were given a $0.67 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $2.68 annualized dividend and a dividend yield of 2.01%. Yum! Brands’s dividend payout ratio is currently 47.52%.

Insider Buying and Selling

In other Yum! Brands news, Director Weir Mirian M. Graddick sold 1,309 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $137.40, for a total transaction of $179,856.60. Following the transaction, the director now owns 1,233 shares in the company, valued at approximately $169,414.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $134.43, for a total transaction of $941,682.15. Following the transaction, the chief executive officer now directly owns 152,634 shares in the company, valued at approximately $20,518,588.62. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Weir Mirian M. Graddick sold 1,309 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $137.40, for a total value of $179,856.60. Following the completion of the transaction, the director now directly owns 1,233 shares of the company’s stock, valued at approximately $169,414.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,673 shares of company stock valued at $13,918,095 over the last three months. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

YUM has been the topic of several analyst reports. Evercore ISI lowered Yum! Brands from an “outperform” rating to an “inline” rating and lowered their price objective for the company from $160.00 to $145.00 in a research note on Tuesday, July 16th. Bank of America lowered their price target on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their target price on shares of Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Stifel Nicolaus dropped their target price on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Finally, Morgan Stanley cut their price target on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $146.44.

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.