IFP Advisors Inc Has $701,000 Stock Holdings in Yum! Brands, Inc. $YUM

IFP Advisors Inc cut its stake in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 64.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,465 shares of the restaurant operator's stock after selling 8,020 shares during the period. IFP Advisors Inc's holdings in Yum! Brands were worth $701,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Manchester Capital Management LLC raised its holdings in Yum! Brands by 78.0% in the 1st quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator's stock valued at $25,000 after acquiring an additional 71 shares in the last quarter. Greykasell Wealth Strategies Inc. acquired a new position in shares of Yum! Brands during the 1st quarter worth $25,000. HFM Investment Advisors LLC acquired a new position in shares of Yum! Brands during the 1st quarter worth $25,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Yum! Brands during the 2nd quarter worth $29,000. Finally, Wayfinding Financial LLC acquired a new position in shares of Yum! Brands during the 1st quarter worth $32,000. 82.37% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Yum! Brands

In other news, CEO Scott Mezvinsky sold 275 shares of the firm's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $152.59, for a total value of $41,962.25. Following the completion of the transaction, the chief executive officer directly owned 1,755 shares of the company's stock, valued at $267,795.45. This trade represents a 13.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Weir Mirian M. Graddick sold 2,038 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $145.30, for a total value of $296,121.40. Following the completion of the transaction, the director directly owned 1,233 shares of the company's stock, valued at $179,154.90. The trade was a 62.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,078 shares of company stock valued at $4,304,785 in the last three months. 0.33% of the stock is currently owned by company insiders.

Yum! Brands Trading Down 0.9%

Shares of NYSE YUM opened at $140.41 on Tuesday. The stock has a fifty day simple moving average of $146.90 and a two-hundred day simple moving average of $146.61. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30. The firm has a market cap of $38.97 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 2.21 and a beta of 0.72.

Yum! Brands (NYSE:YUM - Get Free Report) last announced 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). 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 for the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the company posted $1.35 earnings per share. Yum! Brands's revenue for the quarter was up 9.6% on a year-over-year basis. Analysts forecast that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, September 2nd. Yum! Brands's dividend payout ratio is 56.02%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Barclays reissued an "overweight" rating and set a $164.00 price target (down previously from $167.00) on shares of Yum! Brands in a report on Tuesday, August 5th. Weiss Ratings reissued a "buy (b)" rating on shares of Yum! Brands in a report on Wednesday, October 8th. Evercore ISI lowered their price target on Yum! Brands from $170.00 to $165.00 and set an "in-line" rating for the company in a report on Wednesday, August 6th. Royal Bank Of Canada started coverage on Yum! Brands in a report on Wednesday, October 8th. They issued a "sector perform" rating and a $165.00 target price for the company. Finally, Guggenheim reaffirmed a "buy" rating and issued a $167.00 target price (up previously from $165.00) on shares of Yum! Brands in a report on Monday, August 4th. Eleven research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, Yum! Brands currently has an average rating of "Hold" and a consensus price target of $161.48.

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.

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