Concentric Capital Strategies LP Sells 75,970 Shares of Yum! Brands, Inc. $YUM

Key Points

• Concentric Capital Strategies LP significantly reduced its holdings in Yum! Brands by selling 75,970 shares, resulting in ownership of only 8,449 shares, valued at approximately $1.33 million.
• Insider sales included COO Tracy L. Skeans and CEO David W. Gibbs, who sold a combined total of 19,326 shares, indicating a decrease in their stock positions.
• Yum! Brands recently announced a quarterly dividend of $0.71 per share, with a yield of 2.0%, and has a strong institutional ownership at 82.37%.

Concentric Capital Strategies LP trimmed its holdings in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 90.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 8,449 shares of the restaurant operator's stock after selling 75,970 shares during the period. Concentric Capital Strategies LP's holdings in Yum! Brands were worth $1,330,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in YUM. Manchester Capital Management LLC lifted its holdings in shares of Yum! Brands by 78.0% during the 1st quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator's stock worth $25,000 after acquiring an additional 71 shares during the period. Greykasell Wealth Strategies Inc. bought a new position in shares of Yum! Brands during the 1st quarter worth about $25,000. Wayfinding Financial LLC bought a new position in shares of Yum! Brands during the 1st quarter worth about $32,000. Financial Gravity Asset Management Inc. bought a new position in shares of Yum! Brands during the 1st quarter worth about $38,000. Finally, MorganRosel Wealth Management LLC bought a new position in shares of Yum! Brands during the 1st quarter worth about $41,000. 82.37% of the stock is owned by institutional investors.

Insider Activity at Yum! Brands

In other news, COO Tracy L. Skeans sold 12,220 shares of Yum! Brands stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $148.24, for a total transaction of $1,811,492.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David W. Gibbs sold 7,106 shares of Yum! Brands stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $146.84, for a total transaction of $1,043,445.04. Following the sale, the chief executive officer owned 102,893 shares of the company's stock, valued at approximately $15,108,808.12. This represents a 6.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,016 shares of company stock worth $4,271,543. 0.33% of the stock is owned by insiders.

Yum! Brands Trading Down 0.6%

YUM opened at $144.52 on Thursday. The stock has a market capitalization of $40.11 billion, a PE ratio of 28.50, a PEG ratio of 2.29 and a beta of 0.73. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30. The firm has a 50-day moving average price of $146.92 and a two-hundred day moving average price of $148.13.

Yum! Brands (NYSE:YUM - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The restaurant operator reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.02). The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The company's revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.35 EPS. On average, research analysts predict that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, September 2nd. Yum! Brands's dividend payout ratio (DPR) is presently 56.02%.

Analysts Set New Price Targets

Several brokerages recently issued reports on YUM. Morgan Stanley cut their price target on shares of Yum! Brands from $153.00 to $151.00 and set an "equal weight" rating for the company in a report on Wednesday, August 6th. Melius began coverage on shares of Yum! Brands in a report on Monday, July 14th. They set a "buy" rating and a $200.00 price target for the company. Guggenheim reissued a "buy" rating and set a $167.00 price target (up from $165.00) on shares of Yum! Brands in a report on Monday, August 4th. JPMorgan Chase & Co. cut their price target on shares of Yum! Brands from $162.00 to $160.00 and set an "overweight" rating for the company in a report on Wednesday, August 6th. Finally, The Goldman Sachs Group raised shares of Yum! Brands from a "neutral" rating to a "buy" rating and set a $167.00 price target for the company in a report on Wednesday, June 4th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Yum! Brands presently has a consensus rating of "Hold" and an average price target of $161.23.

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.

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