HB Wealth Management LLC Has $2.08 Million Position in Yum! Brands, Inc. (NYSE:YUM)

Key Points

• HB Wealth Management LLC increased its stake in Yum! Brands, Inc. by 16.8%, owning a total of 13,232 shares valued at $2,082,000.
• Insiders, including CEO David W. Gibbs, sold significant shares recently, with Gibbs selling 7,117 shares for over $1 million, resulting in a 6.47% decrease in his holdings.
• The company announced a quarterly dividend of $0.71 per share, with an annualized yield of 1.96% and a payout ratio of 56.57%.

HB Wealth Management LLC increased its stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 16.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,232 shares of the restaurant operator's stock after acquiring an additional 1,901 shares during the quarter. HB Wealth Management LLC's holdings in Yum! Brands were worth $2,082,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of YUM. Brighton Jones LLC grew its holdings in shares of Yum! Brands by 8.0% during the 4th quarter. Brighton Jones LLC now owns 7,861 shares of the restaurant operator's stock worth $1,055,000 after purchasing an additional 583 shares in the last quarter. American Century Companies Inc. lifted its position in Yum! Brands by 24.2% in the fourth quarter. American Century Companies Inc. now owns 63,989 shares of the restaurant operator's stock worth $8,585,000 after purchasing an additional 12,472 shares during the period. Pictet Asset Management Holding SA boosted its stake in Yum! Brands by 6.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 271,785 shares of the restaurant operator's stock worth $36,463,000 after buying an additional 17,222 shares in the last quarter. Allstate Corp bought a new stake in Yum! Brands in the 4th quarter valued at $1,132,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Yum! Brands by 8.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 656,791 shares of the restaurant operator's stock valued at $88,115,000 after buying an additional 49,556 shares in the last quarter. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Scott Mezvinsky sold 272 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $148.28, for a total transaction of $40,332.16. Following the completion of the transaction, the chief executive officer owned 1,755 shares in the company, valued at approximately $260,231.40. The trade was a 13.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David W. Gibbs sold 7,117 shares of the stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $146.60, for a total value of $1,043,352.20. Following the completion of the sale, the chief executive officer owned 102,893 shares of the company's stock, valued at $15,084,113.80. This trade represents a 6.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,720 shares of company stock worth $2,150,965 over the last quarter. 0.33% of the stock is currently owned by corporate insiders.

Yum! Brands Price Performance

Shares of Yum! Brands stock traded up $0.92 on Friday, hitting $145.07. 790,502 shares of the company's stock traded hands, compared to its average volume of 2,120,152. The firm's 50-day moving average price is $145.65 and its two-hundred day moving average price is $146.12. The stock has a market capitalization of $40.32 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 2.14 and a beta of 0.74. Yum! Brands, Inc. has a one year low of $122.13 and a one year high of $163.30.

Yum! Brands (NYSE:YUM - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.01. Yum! Brands had a negative return on equity of 20.80% and a net margin of 18.42%. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the company posted $1.15 earnings per share. The firm's revenue was up 11.8% on a year-over-year basis. On average, analysts forecast that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Tuesday, May 27th were given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Tuesday, May 27th. Yum! Brands's dividend payout ratio (DPR) is currently 56.57%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on YUM shares. TD Securities reiterated a "hold" rating and set a $158.00 target price on shares of Yum! Brands in a research report on Wednesday, April 30th. Melius assumed coverage on Yum! Brands in a report on Monday, July 14th. They set a "buy" rating and a $200.00 price objective on the stock. Redburn Atlantic raised Yum! Brands from a "neutral" rating to a "buy" rating and increased their target price for the stock from $145.00 to $177.00 in a report on Tuesday, June 10th. Guggenheim raised their target price on Yum! Brands from $155.00 to $165.00 and gave the stock a "buy" rating in a research report on Tuesday, April 8th. Finally, Barclays upped their price target on Yum! Brands from $163.00 to $167.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Yum! Brands currently has a consensus rating of "Hold" and an average price target of $159.86.

Yum! Brands 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.