Yum! Brands, Inc. (NYSE:YUM) Stock Position Reduced by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC trimmed its position in Yum! Brands, Inc. (NYSE:YUM) by 60.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,120 shares of the restaurant operator’s stock after selling 4,842 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Yum! Brands were worth $413,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in YUM. Ruedi Wealth Management Inc. increased its stake in Yum! Brands by 79.8% during the first quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 83 shares during the last quarter. Manchester Capital Management LLC grew its position in shares of Yum! Brands by 165.7% during the 1st quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 116 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new stake in Yum! Brands during the first quarter worth about $28,000. Crewe Advisors LLC bought a new position in shares of Yum! Brands during the first quarter valued at approximately $28,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Yum! Brands during the first quarter worth about $37,000. 82.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Evercore ISI lowered Yum! Brands from an “outperform” rating to an “inline” rating and reduced their price target for the stock from $160.00 to $145.00 in a research report on Tuesday, July 16th. TD Cowen reaffirmed a “buy” rating and issued a $156.00 price objective on shares of Yum! Brands in a report on Tuesday, August 6th. JPMorgan Chase & Co. raised their target price on shares of Yum! Brands from $132.00 to $140.00 and gave the company a “neutral” rating in a research note on Monday, June 3rd. The Goldman Sachs Group assumed coverage on shares of Yum! Brands in a research note on Thursday, June 13th. They issued a “neutral” rating and a $150.00 price target for the company. Finally, Robert W. Baird raised their price objective on shares of Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Yum! Brands has an average rating of “Hold” and a consensus target price of $145.00.

Yum! Brands Trading Down 0.2 %

Shares of NYSE YUM opened at $134.50 on Friday. The business has a 50-day moving average price of $132.61 and a two-hundred day moving average price of $135.89. Yum! Brands, Inc. has a one year low of $115.53 and a one year high of $143.20. The firm has a market capitalization of $37.82 billion, a PE ratio of 23.85, a PEG ratio of 2.06 and a beta of 1.08.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.02. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. During the same period in the prior year, the company earned $1.41 earnings per share. Research analysts anticipate that Yum! Brands, Inc. will post 5.62 EPS for the current year.

Yum! Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Tuesday, August 27th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Tuesday, August 27th. Yum! Brands’s dividend payout ratio (DPR) is presently 47.52%.

Yum! Brands declared that its board has approved a share buyback plan on Wednesday, May 15th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the restaurant operator to purchase up to 5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Weir Mirian M. Graddick sold 1,309 shares of the stock in a transaction on Monday, August 19th. The shares were 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 owns 1,233 shares in the company, valued at approximately $169,414.20. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Weir Mirian M. Graddick sold 1,309 shares of Yum! Brands stock in a transaction dated 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Scott Catlett sold 8,234 shares of the 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 completion of the transaction, the insider now directly owns 29,159 shares of the company’s stock, valued at approximately $4,017,818.61. The disclosure for this sale can be found here. Insiders have sold 101,685 shares of company stock worth $13,910,094 over the last 90 days. Corporate insiders own 0.31% of the company’s stock.

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.