Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Heritage Wealth Management Inc.

Heritage Wealth Management Inc. lowered its stake in Yum! Brands, Inc. (NYSE:YUM) by 15.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,990 shares of the restaurant operator’s stock after selling 540 shares during the quarter. Heritage Wealth Management Inc.’s holdings in Yum! Brands were worth $418,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of YUM. Portside Wealth Group LLC raised its stake in shares of Yum! Brands by 19.4% in the 3rd quarter. Portside Wealth Group LLC now owns 2,424 shares of the restaurant operator’s stock valued at $339,000 after acquiring an additional 393 shares during the period. Keynote Financial Services LLC acquired a new stake in Yum! Brands in the 3rd quarter valued at approximately $204,000. JB Capital LLC purchased a new stake in Yum! Brands in the third quarter valued at approximately $208,000. Principal Financial Group Inc. lifted its stake in Yum! Brands by 3.1% during the third quarter. Principal Financial Group Inc. now owns 352,400 shares of the restaurant operator’s stock worth $49,234,000 after purchasing an additional 10,526 shares in the last quarter. Finally, Radnor Capital Management LLC purchased a new position in shares of Yum! Brands during the third quarter worth $479,000. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Insiders Place Their Bets

In other news, insider Scott Catlett sold 8,234 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $137.79, for a total transaction of $1,134,562.86. Following the completion of the sale, the insider now owns 29,159 shares in the company, valued at $4,017,818.61. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Yum! Brands news, Director Weir Mirian M. Graddick sold 1,309 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $137.40, for a total transaction of $179,856.60. Following the sale, the director now directly owns 1,233 shares in the company, valued at approximately $169,414.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott Catlett sold 8,234 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $137.79, for a total transaction of $1,134,562.86. Following the transaction, the insider now owns 29,159 shares in the company, 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. In the last ninety days, insiders sold 30,622 shares of company stock valued at $4,172,740. 0.31% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Evercore ISI lowered Yum! Brands from an “outperform” rating to an “inline” rating and decreased their target price for the stock from $160.00 to $145.00 in a research note on Tuesday, July 16th. JPMorgan Chase & Co. raised 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 cut their target price on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. TD Cowen reissued a “hold” rating and issued a $145.00 price target on shares of Yum! Brands in a research report on Wednesday. Finally, Robert W. Baird boosted their price target on shares of Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Yum! Brands currently has a consensus rating of “Hold” and an average price target of $145.94.

Yum! Brands Trading Up 0.3 %

Shares of NYSE YUM traded up $0.46 during trading hours on Friday, reaching $137.52. The stock had a trading volume of 81,291 shares, compared to its average volume of 1,941,709. The firm has a market cap of $38.67 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 2.13 and a beta of 1.10. Yum! Brands, Inc. has a fifty-two week low of $123.60 and a fifty-two week high of $143.20. The firm has a 50-day moving average of $134.23 and a 200-day moving average of $134.81.

Yum! Brands (NYSE:YUM) last announced its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter last year, the business posted $1.44 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. On average, equities analysts predict that Yum! Brands, Inc. will post 5.54 EPS for the current year.

Yum! Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum! Brands’s dividend payout ratio is currently 50.09%.

About Yum! Brands

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.