American Money Management LLC Trims Stock Position in Yum! Brands, Inc. (NYSE:YUM)

American Money Management LLC trimmed its holdings in Yum! Brands, Inc. (NYSE:YUM) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,208 shares of the restaurant operator’s stock after selling 222 shares during the quarter. Yum! Brands comprises about 2.2% of American Money Management LLC’s portfolio, making the stock its 15th biggest position. American Money Management LLC’s holdings in Yum! Brands were worth $4,118,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Yum! Brands by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 755,600 shares of the restaurant operator’s stock valued at $69,456,000 after buying an additional 11,988 shares in the last quarter. Geode Capital Management LLC grew its holdings in Yum! Brands by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 3,883,831 shares of the restaurant operator’s stock valued at $356,348,000 after purchasing an additional 260,681 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Yum! Brands by 23.9% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 3,764 shares of the restaurant operator’s stock valued at $375,000 after purchasing an additional 727 shares during the last quarter. Parallel Advisors LLC grew its holdings in Yum! Brands by 6.2% during the 1st quarter. Parallel Advisors LLC now owns 2,739 shares of the restaurant operator’s stock valued at $273,000 after purchasing an additional 159 shares during the last quarter. Finally, Sigma Planning Corp grew its holdings in Yum! Brands by 11.2% during the 1st quarter. Sigma Planning Corp now owns 3,961 shares of the restaurant operator’s stock valued at $395,000 after purchasing an additional 398 shares during the last quarter. 75.27% of the stock is currently owned by institutional investors.

Several equities analysts recently commented on the stock. Stifel Nicolaus upped their price target on shares of Yum! Brands from $100.00 to $110.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Tigress Financial reiterated a “buy” rating on shares of Yum! Brands in a report on Friday, July 12th. Goldman Sachs Group assumed coverage on shares of Yum! Brands in a report on Monday, July 29th. They set a “neutral” rating and a $115.00 price target on the stock. Longbow Research downgraded shares of Yum! Brands from a “neutral” rating to an “underperform” rating and set a $91.00 price target on the stock. in a report on Monday, July 1st. Finally, UBS Group upped their price target on shares of Yum! Brands from $105.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $110.65.

Shares of YUM stock opened at $113.27 on Friday. The company’s 50-day simple moving average is $116.33 and its two-hundred day simple moving average is $106.72. Yum! Brands, Inc. has a one year low of $84.53 and a one year high of $119.72. The company has a market capitalization of $35.08 billion, a P/E ratio of 35.73, a P/E/G ratio of 2.43 and a beta of 0.51.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.06. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Yum! Brands had a net margin of 24.29% and a negative return on equity of 13.02%. The business’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the company posted $0.82 earnings per share. As a group, analysts expect that Yum! Brands, Inc. will post 3.87 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 19th were paid a $0.42 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.48%. Yum! Brands’s payout ratio is currently 53.00%.

In related news, insider Tracy L. Skeans sold 6,049 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $110.00, for a total transaction of $665,390.00. Following the sale, the insider now owns 9,106 shares in the company, valued at $1,001,660. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Greg Creed sold 11,389 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $116.93, for a total transaction of $1,331,715.77. Following the sale, the chief executive officer now owns 25,004 shares in the company, valued at approximately $2,923,717.72. The disclosure for this sale can be found here. Insiders sold 28,996 shares of company stock worth $3,317,091 in the last quarter. Company insiders own 0.67% of the company’s stock.

Yum! Brands Profile

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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