Integrity Alliance LLC. Makes New Investment in Yum! Brands, Inc. $YUM

Key Points

• Integrity Alliance LLC has invested in Yum! Brands, purchasing 1,850 shares valued at approximately $291,000.
• Yum! Brands reported earnings of $1.44 per share in its recent quarter, missing estimates, with a revenue of $1.93 billion, slightly below expectations of $1.94 billion.
• The company announced a quarterly dividend of $0.71, which represents an annualized yield of 1.9%.

Integrity Alliance LLC. bought a new position in Yum! Brands, Inc. (NYSE:YUM - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,850 shares of the restaurant operator's stock, valued at approximately $291,000.

Other hedge funds have also recently modified their holdings of the company. Manchester Capital Management LLC lifted its position in shares of Yum! Brands by 78.0% in the 1st quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator's stock worth $25,000 after purchasing an additional 71 shares during the period. Greykasell Wealth Strategies Inc. purchased a new stake in Yum! Brands during the first quarter valued at approximately $25,000. HFM Investment Advisors LLC purchased a new stake in Yum! Brands during the first quarter valued at approximately $25,000. Wayfinding Financial LLC purchased a new stake in Yum! Brands during the first quarter valued at approximately $32,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in Yum! Brands during the first quarter valued at approximately $38,000. Hedge funds and other institutional investors own 82.37% of the company's stock.

Yum! Brands Price Performance

Shares of YUM stock opened at $149.49 on Friday. The firm's 50-day moving average is $146.56 and its two-hundred day moving average is $147.96. Yum! Brands, Inc. has a 12 month low of $122.13 and a 12 month high of $163.30. The company has a market capitalization of $41.49 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 2.33 and a beta of 0.73.

Yum! Brands (NYSE:YUM - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 earnings per share for the quarter, missing analysts' consensus estimates of $1.46 by ($0.02). The company had revenue of $1.93 billion for 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%. Yum! Brands's revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.35 earnings per share. Sell-side analysts forecast that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Announces Dividend

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

Insider Activity

In other Yum! Brands news, CEO Scott Mezvinsky sold 272 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $148.28, for a total value of $40,332.16. Following the transaction, the chief executive officer directly owned 1,755 shares of the company's stock, valued at approximately $260,231.40. The trade was a 13.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David W. Gibbs sold 7,117 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $146.60, for a total transaction of $1,043,352.20. Following the transaction, the chief executive officer directly owned 102,893 shares in the company, valued at approximately $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. Over the last quarter, insiders sold 29,016 shares of company stock valued at $4,271,543. 0.33% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on YUM. Redburn Atlantic upgraded shares of Yum! Brands from a "neutral" rating to a "buy" rating and upped their price target for the company from $145.00 to $177.00 in a research note on Tuesday, June 10th. JPMorgan Chase & Co. cut their price objective on shares of Yum! Brands from $162.00 to $160.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 6th. The Goldman Sachs Group upgraded shares of Yum! Brands from a "neutral" rating to a "buy" rating and set a $167.00 price objective on the stock in a research note on Wednesday, June 4th. Wells Fargo & Company cut their price objective on shares of Yum! Brands from $160.00 to $155.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. Finally, Morgan Stanley cut their price objective on shares of Yum! Brands from $153.00 to $151.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $161.23.

About Yum! Brands

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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