Procyon Advisors LLC Sells 13,848 Shares of Yum! Brands, Inc. $YUM

Key Points

• Procyon Advisors LLC has reduced its stake in Yum! Brands by 70.2%, now holding 5,889 shares worth approximately $873,000 following a sale of 13,848 shares.
• Yum! Brands recently reported $1.44 EPS for the quarter, missing analysts' estimates, and has an average price target of $161.23 with a mix of "Buy" and "Hold" ratings from analysts.
• The company declared a quarterly dividend of $0.71 per share, representing an annualized yield of 1.9%, with a dividend payout ratio of 56.02%.

Procyon Advisors LLC trimmed its holdings in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 70.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,889 shares of the restaurant operator's stock after selling 13,848 shares during the quarter. Procyon Advisors LLC's holdings in Yum! Brands were worth $873,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Aaron Wealth Advisors LLC purchased a new position in shares of Yum! Brands in the second quarter worth $237,000. Fiduciary Alliance LLC lifted its stake in Yum! Brands by 10.1% in the 2nd quarter. Fiduciary Alliance LLC now owns 2,649 shares of the restaurant operator's stock worth $393,000 after purchasing an additional 243 shares in the last quarter. Czech National Bank boosted its holdings in shares of Yum! Brands by 6.0% during the 2nd quarter. Czech National Bank now owns 67,944 shares of the restaurant operator's stock valued at $10,068,000 after purchasing an additional 3,846 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Yum! Brands by 31.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,414 shares of the restaurant operator's stock valued at $210,000 after purchasing an additional 340 shares in the last quarter. Finally, Range Financial Group LLC increased its holdings in shares of Yum! Brands by 15.8% in the second quarter. Range Financial Group LLC now owns 1,938 shares of the restaurant operator's stock worth $287,000 after purchasing an additional 264 shares during the last quarter. Institutional investors own 82.37% of the company's stock.

Yum! Brands Stock Down 2.0%

YUM traded down $3.00 during trading hours on Thursday, reaching $145.26. 1,747,383 shares of the company's stock traded hands, compared to its average volume of 1,761,034. The firm has a 50-day moving average price of $146.29 and a 200 day moving average price of $147.79. The firm has a market capitalization of $40.32 billion, a PE ratio of 28.65, a PEG ratio of 2.31 and a beta of 0.73. Yum! Brands, Inc. has a 52-week low of $122.13 and a 52-week high of $163.30.

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

Yum! Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.71 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.0%. Yum! Brands's dividend payout ratio (DPR) is 56.02%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on YUM shares. Guggenheim restated a "buy" rating and set a $167.00 price target (up previously from $165.00) on shares of Yum! Brands in a report on Monday, August 4th. Wells Fargo & Company reduced their price target on shares of Yum! Brands from $160.00 to $155.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 6th. Barclays reissued an "overweight" rating and issued a $164.00 price objective (down from $167.00) on shares of Yum! Brands in a research note on Tuesday, August 5th. Sanford C. Bernstein set a $164.00 price target on shares of Yum! Brands in a report on Tuesday, August 5th. Finally, Evercore ISI decreased their price objective on Yum! Brands from $170.00 to $165.00 and set an "in-line" rating on the stock in a research report on Wednesday, August 6th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Yum! Brands has a consensus rating of "Hold" and a consensus price target of $161.23.

Insider Transactions at Yum! Brands

In related news, COO Tracy L. Skeans sold 12,220 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $148.24, for a total value of $1,811,492.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott Mezvinsky sold 263 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $139.92, for a total transaction of $36,798.96. Following the transaction, the chief executive officer owned 1,755 shares in the company, valued at approximately $245,559.60. This represents a 13.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,192 shares of company stock worth $5,346,507 over the last three months. Company insiders own 0.33% of the company's stock.

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.