Bokf Na Decreases Holdings in Yum! Brands, Inc. (NYSE:YUM)

Bokf Na reduced its position in Yum! Brands, Inc. (NYSE:YUM) by 6.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 27,045 shares of the restaurant operator’s stock after selling 1,845 shares during the period. Bokf Na’s holdings in Yum! Brands were worth $3,582,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in YUM. Deseret Mutual Benefit Administrators grew its stake in Yum! Brands by 3.9% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 2,049 shares of the restaurant operator’s stock worth $271,000 after buying an additional 76 shares during the last quarter. Wesbanco Bank Inc. boosted its holdings in Yum! Brands by 1.9% in the second quarter. Wesbanco Bank Inc. now owns 4,169 shares of the restaurant operator’s stock worth $552,000 after acquiring an additional 78 shares in the last quarter. Choreo LLC boosted its holdings in Yum! Brands by 1.6% in the first quarter. Choreo LLC now owns 5,312 shares of the restaurant operator’s stock worth $737,000 after acquiring an additional 82 shares in the last quarter. Marcum Wealth LLC increased its holdings in shares of Yum! Brands by 3.4% during the second quarter. Marcum Wealth LLC now owns 2,477 shares of the restaurant operator’s stock valued at $328,000 after acquiring an additional 82 shares in the last quarter. Finally, Ruedi Wealth Management Inc. increased its holdings in shares of 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 acquiring an additional 83 shares in the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on YUM shares. TD Cowen reissued a “buy” rating and set a $156.00 target price on shares of Yum! Brands in a research report on Thursday. Robert W. Baird boosted their price objective on shares of Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. The Goldman Sachs Group began coverage on Yum! Brands in a research note on Thursday, June 13th. They issued a “neutral” rating and a $150.00 target price for the company. Deutsche Bank Aktiengesellschaft boosted their price target on Yum! Brands from $143.00 to $147.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. raised their price objective on Yum! Brands from $132.00 to $140.00 and gave the stock a “neutral” rating in a research note on Monday, June 3rd. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $145.00.

Insider Activity at Yum! Brands

In other news, CEO David W. Gibbs sold 7,061 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $136.43, for a total transaction of $963,332.23. Following the completion of the transaction, the chief executive officer now directly owns 165,630 shares of the company’s stock, valued at approximately $22,596,900.90. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO David W. Gibbs sold 7,061 shares of Yum! Brands stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $136.43, for a total value of $963,332.23. Following the sale, the chief executive officer now owns 165,630 shares in the company, valued at $22,596,900.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Weir Mirian M. Graddick sold 1,309 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $137.40, for a total transaction of $179,856.60. Following the transaction, the director now owns 1,233 shares of the company’s stock, valued at approximately $169,414.20. The disclosure for this sale can be found here. Insiders sold a total of 101,685 shares of company stock worth $13,910,094 in the last 90 days. Corporate insiders own 0.31% of the company’s stock.

Yum! Brands Trading Up 0.2 %

Yum! Brands stock opened at $133.64 on Friday. The firm has a market cap of $37.58 billion, a PE ratio of 23.70, a P/E/G ratio of 2.04 and a beta of 1.08. Yum! Brands, Inc. has a 12 month low of $115.53 and a 12 month high of $143.20. The stock’s 50 day simple moving average is $133.02 and its two-hundred day simple moving average is $135.78.

Yum! Brands (NYSE:YUM) last posted its earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.02. The firm 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 previous year, the business posted $1.41 EPS. On average, equities research analysts forecast that Yum! Brands, Inc. will post 5.62 EPS for the current year.

Yum! Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum! Brands’s dividend payout ratio (DPR) is presently 47.52%.

Yum! Brands 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.