CreativeOne Wealth LLC Takes $1.23 Million Position in Yum! Brands, Inc. (NYSE:YUM)

CreativeOne Wealth LLC bought a new stake in Yum! Brands, Inc. (NYSE:YUM) during the 3rd quarter, HoldingsChannel reports. The fund bought 8,780 shares of the restaurant operator’s stock, valued at approximately $1,227,000.

Several other hedge funds and other institutional investors have also made changes to their positions in YUM. DiNuzzo Private Wealth Inc. raised its stake in shares of Yum! Brands by 957.1% in the third 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 period. Meeder Asset Management Inc. raised its stake in shares of Yum! Brands by 43.6% in the second 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 period. Kimelman & Baird LLC purchased a new stake in shares of Yum! Brands in the second quarter valued at $37,000. Iron Horse Wealth Management LLC grew its holdings in shares of Yum! Brands by 3,088.9% in the second quarter. Iron Horse Wealth Management LLC now owns 287 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 278 shares during the last quarter. Finally, Horizons Wealth Management bought a new position in shares of Yum! Brands in the second quarter worth about $38,000. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Robert W. Baird upped their price target on shares of Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Loop Capital cut their price target on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Bank of America cut their price target on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. TD Cowen restated a “hold” rating and issued a $145.00 price target on shares of Yum! Brands in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Twelve investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Yum! Brands presently has an average rating of “Hold” and an average price target of $145.94.

Yum! Brands Stock Performance

YUM stock opened at $138.94 on Friday. The firm has a market cap of $38.77 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 2.41 and a beta of 1.10. The firm has a 50-day simple moving average of $135.15 and a two-hundred day simple moving average of $134.55. Yum! Brands, Inc. has a one year low of $123.70 and a one year high of $143.20.

Yum! Brands (NYSE:YUM) last released 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 firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.44 earnings per share. As a group, equities analysts predict that Yum! Brands, Inc. will post 5.47 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Monday, December 2nd. Yum! Brands’s payout ratio is currently 50.09%.

Insider Activity at Yum! Brands

In related news, CEO David W. Gibbs sold 7,005 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $134.43, for a total value of $941,682.15. Following the completion of the transaction, the chief executive officer now directly owns 152,634 shares of the company’s stock, valued at $20,518,588.62. This trade represents a 4.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 21,069 shares of company stock valued at $2,842,965 in the last three months. 0.31% of the stock is owned by insiders.

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.