Corient Private Wealth LP Acquires New Position in Yum! Brands, Inc. $YUM

Corient Private Wealth LP bought a new position in Yum! Brands, Inc. (NYSE:YUM - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 162,948 shares of the restaurant operator's stock, valued at approximately $26,048,000. Corient Private Wealth LP owned about 0.06% of Yum! Brands at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of YUM. Perennial Investment Advisors LLC bought a new position in Yum! Brands during the second quarter valued at approximately $239,000. Bank of America Corp DE purchased a new position in shares of Yum! Brands during the second quarter worth approximately $638,589,000. Magnolia Capital Advisors LLC bought a new stake in shares of Yum! Brands in the 2nd quarter worth approximately $560,000. Freestone Grove Partners LP bought a new stake in shares of Yum! Brands in the 2nd quarter worth approximately $53,502,000. Finally, Pointe Capital Management LLC purchased a new stake in shares of Yum! Brands in the 2nd quarter valued at $266,000. Hedge funds and other institutional investors own 82.37% of the company's stock.

Yum! Brands Stock Up 2.2%

Shares of NYSE YUM opened at $154.08 on Friday. Yum! Brands, Inc. has a 52 week low of $137.33 and a 52 week high of $170.14. The firm's fifty day moving average is $153.48 and its 200 day moving average is $155.81. The company has a market cap of $42.05 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 2.45 and a beta of 0.55.

Yum! Brands (NYSE:YUM - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The restaurant operator reported $1.62 EPS for the quarter, beating analysts' consensus estimates of $1.58 by $0.04. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. Yum! Brands had a net margin of 25.42% and a negative return on equity of 24.57%. The firm's revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.44 EPS. Equities research analysts anticipate that Yum! Brands, Inc. will post 6.42 earnings per share for the current year.

Yum! Brands declared that its board has initiated a stock buyback plan on Tuesday, June 16th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the restaurant operator to repurchase up to 9.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

Yum! Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Wednesday, September 9th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, September 9th. Yum! Brands's dividend payout ratio is 37.74%.

Insider Activity

In other news, CEO Christopher Lee Turner sold 270 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $148.14, for a total transaction of $39,997.80. Following the completion of the sale, the chief executive officer directly owned 64,282 shares in the company, valued at approximately $9,522,735.48. This represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Tracy L. Skeans sold 3,494 shares of the firm's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $158.00, for a total value of $552,052.00. Following the completion of the sale, the chief operating officer directly owned 3 shares in the company, valued at $474. The trade was a 99.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 19,043 shares of company stock valued at $2,978,180. 0.14% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. UBS Group reiterated a "buy" rating on shares of Yum! Brands in a research report on Thursday, June 18th. Citigroup upped their price target on shares of Yum! Brands from $175.00 to $178.00 and gave the company a "neutral" rating in a research report on Sunday, July 12th. Royal Bank Of Canada raised their price objective on Yum! Brands from $165.00 to $170.00 and gave the company a "sector perform" rating in a research note on Friday, July 31st. Argus decreased their price objective on Yum! Brands from $185.00 to $180.00 and set a "buy" rating on the stock in a report on Monday, August 17th. Finally, Zacks Research lowered Yum! Brands from a "hold" rating to a "strong sell" rating in a research note on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $174.65.

About Yum! Brands

Yum! Brands, Inc NYSE: YUM is a global quick-service restaurant company that develops, operates and franchises a portfolio of well-known restaurant brands. The company's principal brands are KFC, Pizza Hut and Taco Bell, each focused on distinct product categories—KFC on fried chicken and related menu items, Pizza Hut on pizza and complementary offerings, and Taco Bell on Mexican-inspired quick-service food. Yum! is headquartered in Louisville, Kentucky and was formed as Tricon Global Restaurants in 1997 when PepsiCo spun off its restaurant businesses, later adopting the Yum! Brands name.

The company's operating model centers on brand development, system growth and franchising; a large portion of its restaurants are operated by independent franchisees, and Yum! generates revenue through franchise royalties and fees in addition to sales from company-operated locations.

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