Castle Rock Wealth Management LLC Acquires New Stake in Yum! Brands, Inc. (NYSE:YUM)

Castle Rock Wealth Management LLC acquired a new stake in Yum! Brands, Inc. (NYSE:YUM) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,606 shares of the restaurant operator’s stock, valued at approximately $219,000.

Several other hedge funds have also recently added to or reduced their stakes in YUM. Ruedi Wealth Management Inc. grew its holdings in shares of Yum! Brands by 79.8% during the 1st quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 83 shares during the period. Manchester Capital Management LLC grew its holdings 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 worth $26,000 after purchasing an additional 116 shares during the period. Redmont Wealth Advisors LLC purchased a new position in shares of Yum! Brands during the 1st quarter worth $28,000. Crewe Advisors LLC acquired a new position in Yum! Brands during the 1st quarter worth about $28,000. Finally, Meeder Asset Management Inc. lifted its stake in Yum! Brands by 43.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 82 shares in the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

YUM has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Yum! Brands from $143.00 to $147.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price target on shares of Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Morgan Stanley lowered their target price on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. TD Cowen reiterated a “buy” rating and set a $156.00 target price on shares of Yum! Brands in a research note on Thursday, September 12th. Finally, Robert W. Baird upped 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. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $145.25.

Yum! Brands Price Performance

YUM stock opened at $134.02 on Friday. The company’s 50 day simple moving average is $135.24 and its 200-day simple moving average is $135.36. The firm has a market capitalization of $37.68 billion, a PE ratio of 24.55, 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.

Yum! Brands (NYSE:YUM) last announced its earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.02. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the business earned $1.41 earnings per share. As a group, sell-side analysts anticipate that Yum! Brands, Inc. will post 5.61 earnings per share for the current year.

Yum! Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were issued a $0.67 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.00%. Yum! Brands’s dividend payout ratio (DPR) is presently 49.08%.

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 6,961 shares of Yum! Brands stock in a transaction on Monday, July 15th. The shares were sold at an average price of $131.02, for a total value of $912,030.22. Following the transaction, the chief executive officer now owns 162,381 shares in the company, valued at $21,275,158.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Sabir Sami sold 71,051 shares of Yum! Brands stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $137.16, for a total transaction of $9,745,355.16. Following the sale, the chief executive officer now owns 68 shares of the company’s stock, valued at $9,326.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David W. Gibbs sold 6,961 shares of Yum! Brands stock in a transaction on Monday, July 15th. The stock was sold at an average price of $131.02, for a total transaction of $912,030.22. Following the sale, the chief executive officer now directly owns 162,381 shares in the company, valued at $21,275,158.62. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,629 shares of company stock worth $13,888,443 in the last quarter. 0.31% of the stock is owned by insiders.

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.