Cetera Advisors LLC Acquires 195 Shares of Yum! Brands, Inc. (NYSE:YUM)

Cetera Advisors LLC grew its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,004 shares of the restaurant operator’s stock after purchasing an additional 195 shares during the quarter. Cetera Advisors LLC’s holdings in Yum! Brands were worth $1,248,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in YUM. HighMark Wealth Management LLC boosted its stake in shares of Yum! Brands by 108.0% during the second quarter. HighMark Wealth Management LLC now owns 233 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 121 shares during the period. Clear Street Markets LLC lifted its stake in Yum! Brands by 28,400.0% in the fourth quarter. Clear Street Markets LLC now owns 285 shares of the restaurant operator’s stock worth $37,000 after acquiring an additional 284 shares during the period. Vestor Capital LLC lifted its stake in Yum! Brands by 303.5% in the second quarter. Vestor Capital LLC now owns 2,163 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 1,627 shares during the period. Fred Alger Management LLC purchased a new stake in Yum! Brands in the fourth quarter worth $44,000. Finally, True Wealth Design LLC purchased a new stake in Yum! Brands in the fourth quarter worth $50,000. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Yum! Brands Stock Up 0.4 %

Yum! Brands stock opened at $128.12 on Tuesday. The business has a 50-day simple moving average of $123.45 and a two-hundred day simple moving average of $130.27. The company has a market cap of $35.91 billion, a P/E ratio of 24.36, a P/E/G ratio of 1.96 and a beta of 1.04. Yum! Brands, Inc. has a 52-week low of $115.53 and a 52-week high of $143.24.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.18. Yum! Brands had a negative return on equity of 17.45% and a net margin of 21.32%. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the company posted $1.09 EPS. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. Research analysts anticipate that Yum! Brands, Inc. will post 5.29 EPS for the current fiscal year.

Yum! Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Tuesday, November 28th will be issued a $0.605 dividend. The ex-dividend date of this dividend is Monday, November 27th. This represents a $2.42 dividend on an annualized basis and a yield of 1.89%. Yum! Brands’s dividend payout ratio is presently 46.01%.

Insider Buying and Selling

In related news, CEO David W. Gibbs sold 3,727 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $127.97, for a total value of $476,944.19. Following the transaction, the chief executive officer now directly owns 57,325 shares of the company’s stock, valued at approximately $7,335,880.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO David W. Gibbs sold 3,727 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $127.97, for a total value of $476,944.19. Following the transaction, the chief executive officer now directly owns 57,325 shares of the company’s stock, valued at approximately $7,335,880.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David W. Gibbs sold 3,804 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $131.23, for a total value of $499,198.92. Following the completion of the transaction, the chief executive officer now directly owns 57,325 shares in the company, valued at $7,522,759.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,638 shares of company stock valued at $2,603,751. Corporate insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

YUM has been the subject of several recent research reports. Royal Bank of Canada raised their price objective on Yum! Brands from $136.00 to $139.00 and gave the company a “sector perform” rating in a research report on Thursday, November 2nd. Guggenheim lowered their price objective on Yum! Brands from $153.00 to $152.00 and set a “buy” rating for the company in a research report on Tuesday, August 8th. Citigroup lowered their price objective on Yum! Brands from $173.00 to $163.00 and set a “buy” rating for the company in a research report on Tuesday, October 17th. Redburn Atlantic restated a “neutral” rating and set a $115.00 price target on shares of Yum! Brands in a report on Friday, October 20th. Finally, Morgan Stanley reduced their price target on Yum! Brands from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 11th. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $145.21.

Yum! Brands Profile

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. It 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.