Yum! Brands, Inc. (NYSE:YUM) Shares Purchased by Procyon Advisors LLC

Procyon Advisors LLC increased its holdings in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 36.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,737 shares of the restaurant operator's stock after acquiring an additional 5,242 shares during the quarter. Procyon Advisors LLC's holdings in Yum! Brands were worth $3,106,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC bought a new position in shares of Yum! Brands in the fourth quarter worth about $25,000. WealthTrak Capital Management LLC acquired a new stake in Yum! Brands in the fourth quarter valued at approximately $25,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Yum! Brands during the fourth quarter worth $33,000. Itau Unibanco Holding S.A. grew its stake in shares of Yum! Brands by 436.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 279 shares of the restaurant operator's stock worth $37,000 after buying an additional 227 shares during the last quarter. Finally, Jackson Grant Investment Advisers Inc. increased its holdings in shares of Yum! Brands by 52.1% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 295 shares of the restaurant operator's stock worth $40,000 after buying an additional 101 shares in the last quarter. 82.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on YUM. TD Cowen reissued a "hold" rating and set a $140.00 target price on shares of Yum! Brands in a report on Thursday, February 6th. Oppenheimer reissued an "outperform" rating and issued a $185.00 price objective on shares of Yum! Brands in a research note on Monday, April 28th. Evercore ISI raised their target price on Yum! Brands from $160.00 to $170.00 and gave the stock an "in-line" rating in a research report on Thursday, May 1st. Wells Fargo & Company lifted their target price on Yum! Brands from $145.00 to $160.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 5th. Finally, Barclays increased their price target on Yum! Brands from $163.00 to $167.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Fifteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Yum! Brands currently has an average rating of "Hold" and an average price target of $157.30.

Yum! Brands Trading Up 1.4%

Yum! Brands stock traded up $2.04 during mid-day trading on Friday, hitting $144.92. The stock had a trading volume of 1,367,869 shares, compared to its average volume of 2,014,707. The firm's 50 day moving average is $146.59 and its 200 day moving average is $142.93. The firm has a market capitalization of $40.28 billion, a P/E ratio of 27.76, a P/E/G ratio of 2.31 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 earnings results on Wednesday, April 30th. The restaurant operator reported $1.30 EPS for the quarter, topping the consensus estimate of $1.29 by $0.01. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.85 billion. Yum! Brands had a net margin of 19.68% and a negative return on equity of 20.33%. The company's quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.15 earnings per share. As a group, equities research analysts forecast that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Yum! Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Tuesday, May 27th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Tuesday, May 27th. Yum! Brands's dividend payout ratio (DPR) is 56.57%.

Insider Activity

In other Yum! Brands news, CEO Scott Mezvinsky sold 268 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $145.97, for a total transaction of $39,119.96. Following the sale, the chief executive officer now owns 1,755 shares of the company's stock, valued at approximately $256,177.35. This trade represents a 13.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David W. Gibbs sold 5,293 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $154.24, for a total value of $816,392.32. Following the sale, the chief executive officer now directly owns 157,893 shares in the company, valued at approximately $24,353,416.32. The trade was a 3.24% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,763 shares of company stock valued at $2,637,564. 0.33% of the stock is currently owned by company insiders.

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.