276 Shares in Yum! Brands, Inc. (NYSE:YUM) Bought by Kimelman & Baird LLC

Kimelman & Baird LLC bought a new stake in Yum! Brands, Inc. (NYSE:YUM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 276 shares of the restaurant operator’s stock, valued at approximately $37,000.

A number of other hedge funds have also made changes to their positions in the company. Norden Group LLC purchased a new position in Yum! Brands during the 1st quarter valued at about $3,415,000. Leo Wealth LLC acquired a new position in shares of Yum! Brands during the 4th quarter worth approximately $268,000. Legal & General Group Plc lifted its stake in Yum! Brands by 3.4% in the 2nd quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock valued at $419,123,000 after buying an additional 104,328 shares in the last quarter. Marshall Wace LLP acquired a new stake in Yum! Brands during the 2nd quarter valued at $7,645,000. Finally, Syon Capital LLC increased its position in Yum! Brands by 3.0% during the fourth quarter. Syon Capital LLC now owns 3,342 shares of the restaurant operator’s stock worth $437,000 after buying an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Yum! Brands Price Performance

NYSE YUM opened at $139.24 on Wednesday. Yum! Brands, Inc. has a 1-year low of $115.53 and a 1-year high of $143.20. The firm has a market capitalization of $39.15 billion, a P/E ratio of 24.69, a P/E/G ratio of 2.14 and a beta of 1.08. The business’s 50-day simple moving average is $134.45 and its 200-day simple moving average is $135.37.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share for the quarter, beating 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 analysts’ expectations of $1.80 billion. During the same period in the previous year, the company posted $1.41 earnings per share. On average, equities research analysts expect that Yum! Brands, Inc. will post 5.61 EPS for the current fiscal year.

Yum! Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were issued a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $2.68 annualized dividend and a yield of 1.92%. Yum! Brands’s dividend payout ratio is currently 47.52%.

Insider Buying and Selling at Yum! Brands

In other news, insider Scott Catlett sold 8,234 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $137.79, for a total value of $1,134,562.86. Following the completion of the sale, the insider now owns 29,159 shares of the company’s stock, valued at $4,017,818.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Scott Catlett sold 8,234 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $137.79, for a total transaction of $1,134,562.86. Following the completion of the sale, the insider now directly owns 29,159 shares of the company’s stock, valued at approximately $4,017,818.61. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David W. Gibbs sold 6,961 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 162,381 shares in the company, valued at approximately $21,275,158.62. The disclosure for this sale can be found here. Insiders have sold 101,629 shares of company stock valued at $13,888,443 over the last three months. 0.31% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on YUM. TD Cowen restated a “buy” rating and issued a $156.00 price objective on shares of Yum! Brands in a research report on Thursday, September 12th. Stifel Nicolaus lowered their price target on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Morgan Stanley cut their price target on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. Finally, Evercore ISI cut Yum! Brands from an “outperform” rating to an “inline” rating and decreased their price objective for the stock from $160.00 to $145.00 in a report on Tuesday, July 16th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $145.25.

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.