B.O.S.S. Retirement Advisors LLC Takes Position in Yum! Brands, Inc. (NYSE:YUM)

B.O.S.S. Retirement Advisors LLC acquired a new stake in Yum! Brands, Inc. (NYSE:YUM) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,297 shares of the restaurant operator’s stock, valued at approximately $1,842,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC grew its position in shares of Yum! Brands by 466.5% in the first quarter. FMR LLC now owns 5,867,285 shares of the restaurant operator’s stock valued at $774,951,000 after purchasing an additional 4,831,505 shares during the period. Norges Bank purchased a new position in shares of Yum! Brands in the fourth quarter valued at approximately $315,239,000. Moneta Group Investment Advisors LLC lifted its position in shares of Yum! Brands by 75,766.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,640,982 shares of the restaurant operator’s stock valued at $210,177,000 after acquiring an additional 1,638,819 shares in the last quarter. Two Sigma Investments LP purchased a new position in shares of Yum! Brands in the fourth quarter valued at approximately $152,040,000. Finally, Capital World Investors lifted its position in shares of Yum! Brands by 19.6% in the first quarter. Capital World Investors now owns 5,507,237 shares of the restaurant operator’s stock valued at $652,773,000 after acquiring an additional 901,181 shares in the last quarter. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

Yum! Brands Price Performance

Shares of NYSE:YUM traded down $3.70 during midday trading on Friday, reaching $127.99. 2,581,184 shares of the company’s stock were exchanged, compared to its average volume of 1,283,223. The firm’s 50 day simple moving average is $132.60 and its two-hundred day simple moving average is $133.15. The stock has a market cap of $35.86 billion, a price-to-earnings ratio of 25.91, a P/E/G ratio of 2.01 and a beta of 1.01. Yum! Brands, Inc. has a fifty-two week low of $103.96 and a fifty-two week high of $143.24.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Wednesday, August 2nd. The restaurant operator reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.17. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Yum! Brands had a net margin of 20.31% and a negative return on equity of 16.16%. During the same quarter last year, the company posted $1.05 EPS. Equities research analysts predict that Yum! Brands, Inc. will post 5.19 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Tuesday, August 29th were paid a dividend of $0.605 per share. This represents a $2.42 annualized dividend and a yield of 1.89%. The ex-dividend date was Monday, August 28th. Yum! Brands’s payout ratio is 48.99%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Bank of America raised their target price on Yum! Brands from $151.00 to $158.00 and gave the company a “neutral” rating in a research report on Thursday, August 3rd. Piper Sandler began coverage on shares of Yum! Brands in a research report on Tuesday, June 13th. They issued a “neutral” rating and a $142.00 target price for the company. Barclays increased their target price on shares of Yum! Brands from $138.00 to $140.00 and gave the company an “equal weight” rating in a research report on Thursday, August 3rd. Royal Bank of Canada dropped their price target on Yum! Brands from $139.00 to $138.00 and set a “sector perform” rating for the company in a research report on Thursday, August 3rd. Finally, Guggenheim dropped their price target on Yum! Brands from $153.00 to $152.00 and set a “buy” rating for the company in a research report on Tuesday, August 8th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $149.11.

Insider Activity at Yum! Brands

In other Yum! Brands news, Director Weir Mirian M. Graddick sold 1,332 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $134.46, for a total transaction of $179,100.72. Following the sale, the director now directly owns 1,233 shares in the company, valued at $165,789.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Yum! Brands news, Director Weir Mirian M. Graddick sold 1,332 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $134.46, for a total value of $179,100.72. Following the completion of the transaction, the director now owns 1,233 shares of the company’s stock, valued at approximately $165,789.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David Eric Russell sold 5,000 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $137.27, for a total transaction of $686,350.00. Following the completion of the transaction, the vice president now owns 16,052 shares of the company’s stock, valued at approximately $2,203,458.04. The disclosure for this sale can be found here. Insiders sold 14,067 shares of company stock worth $1,912,510 in the last three months. 0.31% of the stock is owned by company insiders.

Yum! Brands Profile

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. It 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.