Harrell Investment Partners LLC Invests $557,000 in Yum! Brands, Inc. $YUM

Key Points

• Harrell Investment Partners LLC has invested approximately $557,000 into Yum! Brands, acquiring 3,761 shares following their recent SEC filing.
• Yum! Brands recently reported quarterly earnings of $1.44 per share, which fell short of analysts' expectations of $1.46, with revenue totaling $1.93 billion.
• The company announced a quarterly dividend of $0.71 per share, resulting in an annualized dividend of $2.84 and a yield of 1.9%.

Harrell Investment Partners LLC bought a new position in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,761 shares of the restaurant operator's stock, valued at approximately $557,000.

Other institutional investors and hedge funds have also modified their holdings of the company. HFM Investment Advisors LLC purchased a new stake in shares of Yum! Brands during the first quarter worth about $25,000. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Yum! Brands during the first quarter worth about $25,000. Manchester Capital Management LLC increased its stake in shares of Yum! Brands by 78.0% during the first quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator's stock worth $25,000 after purchasing an additional 71 shares in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Yum! Brands during the second quarter worth about $29,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Yum! Brands during the first quarter worth about $32,000. Hedge funds and other institutional investors own 82.37% of the company's stock.

Yum! Brands Price Performance

Yum! Brands stock opened at $149.33 on Thursday. The firm has a 50 day simple moving average of $146.40 and a 200-day simple moving average of $147.47. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30. The stock has a market cap of $41.45 billion, a price-to-earnings ratio of 29.45, a price-to-earnings-growth ratio of 2.33 and a beta of 0.73.

Yum! Brands (NYSE:YUM - Get Free Report) last posted its quarterly earnings results 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). Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The firm had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same period last year, the company earned $1.35 EPS. The business's quarterly revenue was up 9.6% on a year-over-year basis. Equities analysts expect that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Tuesday, September 2nd. Yum! Brands's dividend payout ratio is currently 56.02%.

Insider Activity at Yum! Brands

In other news, Director Weir Mirian M. Graddick sold 2,038 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $145.30, for a total value of $296,121.40. Following the transaction, the director directly owned 1,233 shares in the company, valued at approximately $179,154.90. This represents a 62.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David W. Gibbs sold 7,176 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $149.80, for a total transaction of $1,074,964.80. Following the completion of the transaction, the chief executive officer owned 102,893 shares in the company, valued at approximately $15,413,371.40. This represents a 6.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,192 shares of company stock valued at $5,346,507. 0.33% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on YUM shares. Sanford C. Bernstein set a $164.00 price objective on shares of Yum! Brands in a research note on Tuesday, August 5th. Redburn Atlantic raised shares of Yum! Brands from a "neutral" rating to a "buy" rating and upped their price objective for the company from $145.00 to $177.00 in a research note on Tuesday, June 10th. Barclays reaffirmed an "overweight" rating and set a $164.00 price objective (down previously from $167.00) on shares of Yum! Brands in a research note on Tuesday, August 5th. Guggenheim reaffirmed a "buy" rating and set a $167.00 price objective (up previously from $165.00) on shares of Yum! Brands in a research note on Monday, August 4th. Finally, Wells Fargo & Company dropped their price objective on shares of Yum! Brands from $160.00 to $155.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 6th. Ten analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price 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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