IHT Wealth Management LLC Purchases 1,164 Shares of Yum! Brands, Inc. (NYSE:YUM)

IHT Wealth Management LLC increased its position in Yum! Brands, Inc. (NYSE:YUM) by 35.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,444 shares of the restaurant operator’s stock after purchasing an additional 1,164 shares during the quarter. IHT Wealth Management LLC’s holdings in Yum! Brands were worth $620,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legal & General Group Plc lifted its holdings in shares of Yum! Brands by 3.4% during the second quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock valued at $419,123,000 after acquiring an additional 104,328 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Yum! Brands by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,632,862 shares of the restaurant operator’s stock valued at $228,127,000 after acquiring an additional 6,537 shares during the period. Cantillon Capital Management LLC lifted its holdings in shares of Yum! Brands by 3.8% during the third quarter. Cantillon Capital Management LLC now owns 1,428,040 shares of the restaurant operator’s stock valued at $199,511,000 after acquiring an additional 51,690 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Yum! Brands by 6.7% during the second quarter. Dimensional Fund Advisors LP now owns 930,402 shares of the restaurant operator’s stock valued at $123,243,000 after acquiring an additional 58,437 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of Yum! Brands by 0.3% during the third quarter. Swiss National Bank now owns 835,800 shares of the restaurant operator’s stock valued at $116,770,000 after acquiring an additional 2,800 shares during the period. 82.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Loop Capital cut their price objective on Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. TD Cowen reissued a “hold” rating and set a $145.00 price objective on shares of Yum! Brands in a report on Wednesday, November 6th. Redburn Atlantic cut Yum! Brands from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Bank of America cut their price objective on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. raised their target price on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Yum! Brands has an average rating of “Hold” and a consensus price target of $145.94.

Insider Transactions at Yum! Brands

In other news, CEO David W. Gibbs sold 7,059 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $135.94, for a total transaction of $959,600.46. Following the completion of the transaction, the chief executive officer now directly owns 149,385 shares in the company, valued at approximately $20,307,396.90. The trade was a 4.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 21,069 shares of company stock worth $2,842,965. 0.31% of the stock is currently owned by company insiders.

Yum! Brands Stock Down 0.4 %

Shares of YUM stock opened at $137.63 on Friday. The stock has a 50-day moving average price of $135.46 and a 200 day moving average price of $134.46. The firm has a market cap of $38.41 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 2.39 and a beta of 1.10. Yum! Brands, Inc. has a 12 month low of $123.70 and a 12 month high of $143.20.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.90 billion. Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. Yum! Brands’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.44 earnings per share. Sell-side analysts predict that Yum! Brands, Inc. will post 5.47 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.68 annualized dividend and a dividend yield of 1.95%. Yum! Brands’s payout ratio is currently 50.09%.

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.