Graypoint LLC Cuts Holdings in Yum! Brands, Inc. (NYSE:YUM)

Graypoint LLC decreased its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 2.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 5,805 shares of the restaurant operator’s stock after selling 153 shares during the period. Graypoint LLC’s holdings in Yum! Brands were worth $811,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Manchester Capital Management LLC increased 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 period. Crewe Advisors LLC purchased a new position in shares of Yum! Brands in the 1st quarter valued at about $28,000. DiNuzzo Private Wealth Inc. increased its holdings in shares of Yum! Brands by 957.1% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 201 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Yum! Brands by 43.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 82 shares during the last quarter. Finally, Kimelman & Baird LLC purchased a new position in shares of Yum! Brands in the 2nd quarter valued at about $37,000. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Insider Activity

In other news, Director Weir Mirian M. Graddick sold 1,309 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 1,233 shares of the company’s stock, valued at $169,414.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Weir Mirian M. Graddick sold 1,309 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 1,233 shares of the company’s stock, valued at $169,414.20. This trade represents 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, insider Scott Catlett sold 8,234 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $137.79, for a total value of $1,134,562.86. Following the completion of the transaction, the insider now directly owns 29,159 shares of the company’s stock, valued at $4,017,818.61. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,622 shares of company stock valued at $4,172,740 in the last three months. 0.31% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Evercore ISI downgraded Yum! Brands from an “outperform” rating to an “inline” rating and dropped their price objective for the company from $160.00 to $145.00 in a report on Tuesday, July 16th. TD Cowen reiterated a “hold” rating and issued a $145.00 price objective on shares of Yum! Brands in a report on Wednesday. Deutsche Bank Aktiengesellschaft dropped their price objective on Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. upped their target price on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, Bank of America decreased their target price on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $145.94.

Yum! Brands Trading Up 2.0 %

Yum! Brands stock opened at $137.06 on Friday. Yum! Brands, Inc. has a twelve month low of $123.60 and a twelve month high of $143.20. The stock has a 50 day moving average of $134.23 and a two-hundred day moving average of $134.81. The stock has a market capitalization of $38.54 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 2.09 and a beta of 1.10.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.90 billion. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.44 earnings per share. Equities analysts predict that Yum! Brands, Inc. will post 5.59 earnings per share for the current year.

Yum! Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were issued a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $2.68 annualized dividend and a dividend yield of 1.96%. Yum! Brands’s dividend payout ratio is currently 50.09%.

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.