OneAscent Wealth Management LLC Takes Position in Yum! Brands, Inc. (NYSE:YUM)

OneAscent Wealth Management LLC acquired a new stake in Yum! Brands, Inc. (NYSE:YUM) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,215 shares of the restaurant operator’s stock, valued at approximately $309,000.

A number of other large investors have also recently bought and sold shares of the business. Crewe Advisors LLC acquired a new stake in shares of Yum! Brands in the first quarter worth about $28,000. DiNuzzo Private Wealth Inc. raised its stake in shares of Yum! Brands by 957.1% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 201 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in Yum! Brands by 43.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 82 shares during the last quarter. Kimelman & Baird LLC bought a new stake in Yum! Brands during the second quarter worth approximately $37,000. Finally, Iron Horse Wealth Management LLC grew its holdings in Yum! Brands by 3,088.9% during the second quarter. Iron Horse Wealth Management LLC now owns 287 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 278 shares during the last quarter. 82.37% of the stock is currently owned by institutional investors.

Yum! Brands Stock Up 0.3 %

NYSE:YUM opened at $134.01 on Tuesday. The firm has a market capitalization of $37.40 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 2.25 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. The firm has a 50-day moving average price of $134.44 and a 200 day moving average price of $134.53.

Yum! Brands (NYSE:YUM) last issued its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The company 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%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.44 earnings per share. On average, research analysts expect that Yum! Brands, Inc. will post 5.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on YUM shares. TD Cowen reaffirmed a “hold” rating and set a $145.00 price objective on shares of Yum! Brands in a report on Wednesday, November 6th. Loop Capital decreased their price target on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price objective on Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Redburn Atlantic downgraded Yum! Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $145.94.

Insider Buying and Selling at Yum! Brands

In related news, CEO David W. Gibbs sold 7,005 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $134.43, for a total transaction of $941,682.15. Following the completion of the sale, the chief executive officer now owns 152,634 shares in the company, valued at $20,518,588.62. This trade represents a 4.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders sold 21,069 shares of company stock valued at $2,842,965. 0.31% of the stock is currently owned by company insiders.

About Yum! Brands

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.