Procyon Advisors LLC Purchases 536 Shares of Yum! Brands, Inc. (NYSE:YUM)

Procyon Advisors LLC grew its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,537 shares of the restaurant operator’s stock after purchasing an additional 536 shares during the quarter. Procyon Advisors LLC’s holdings in Yum! Brands were worth $2,031,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in YUM. Ruedi Wealth Management Inc. raised its holdings in Yum! Brands by 79.8% during the 1st quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 83 shares during the last quarter. Manchester Capital Management LLC raised its holdings in Yum! Brands by 165.7% during the 1st quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 116 shares during the last quarter. Redmont Wealth Advisors LLC bought a new position in Yum! Brands during the 1st quarter worth approximately $28,000. Crewe Advisors LLC bought a new position in Yum! Brands during the 1st quarter worth approximately $28,000. Finally, Meeder Asset Management Inc. raised its holdings in Yum! Brands by 43.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 82 shares during the last quarter. Institutional investors own 82.37% of the company’s stock.

Insider Transactions at Yum! Brands

In other news, CEO David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction on Monday, September 16th. The stock was sold at an average price of $134.43, for a total transaction of $941,682.15. Following the sale, the chief executive officer now directly owns 155,883 shares in the company, valued at $20,955,351.69. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction on Monday, September 16th. The stock was sold at an average price of $134.43, for a total transaction of $941,682.15. Following the sale, the chief executive officer now directly owns 155,883 shares in the company, valued at $20,955,351.69. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Weir Mirian M. Graddick sold 1,309 shares of Yum! Brands stock in a transaction on Monday, August 19th. The stock was sold at an average price of $137.40, for a total value of $179,856.60. Following the sale, the director now owns 1,233 shares in the company, valued at $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 have sold 94,668 shares of company stock worth $12,976,413 in the last ninety days. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on YUM shares. TD Cowen reiterated a “buy” rating and issued a $156.00 price objective on shares of Yum! Brands in a research note on Thursday, September 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Yum! Brands from $143.00 to $147.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price objective 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. Morgan Stanley lowered their price objective on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Finally, Stifel Nicolaus lowered their price objective on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Yum! Brands currently has an average rating of “Hold” and a consensus target price of $145.25.

Yum! Brands Price Performance

YUM opened at $134.65 on Tuesday. The company has a market capitalization of $37.92 billion, a price-to-earnings ratio of 23.87, a P/E/G ratio of 2.04 and a beta of 1.08. The firm’s fifty day moving average price is $135.27 and its two-hundred day moving average price is $135.32. Yum! Brands, Inc. has a 1 year low of $117.11 and a 1 year high of $143.20.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.02. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. During the same period in the previous year, the firm earned $1.41 EPS. As a group, equities analysts anticipate that Yum! Brands, Inc. will post 5.61 EPS for the current year.

Yum! Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date was Tuesday, August 27th. Yum! Brands’s payout ratio is 47.52%.

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.