Envestnet Asset Management Inc. Acquires 3,172 Shares of Yum! Brands, Inc. (NYSE:YUM)

Envestnet Asset Management Inc. lifted its stake in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 256,961 shares of the restaurant operator's stock after purchasing an additional 3,172 shares during the quarter. Envestnet Asset Management Inc. owned about 0.09% of Yum! Brands worth $40,435,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Penserra Capital Management LLC grew its holdings in shares of Yum! Brands by 741.1% during the first quarter. Penserra Capital Management LLC now owns 6,157 shares of the restaurant operator's stock valued at $968,000 after buying an additional 5,425 shares during the last quarter. Bolthouse Investments LLC bought a new stake in shares of Yum! Brands in the 1st quarter worth $256,000. World Investment Advisors purchased a new position in shares of Yum! Brands in the first quarter worth $443,000. Wayfinding Financial LLC purchased a new position in shares of Yum! Brands in the first quarter worth $32,000. Finally, Eukles Asset Management boosted its position in shares of Yum! Brands by 1.7% during the first quarter. Eukles Asset Management now owns 20,422 shares of the restaurant operator's stock valued at $3,214,000 after buying an additional 348 shares during the last quarter. Hedge funds and other institutional investors own 82.37% of the company's stock.

Yum! Brands Stock Performance

Shares of Yum! Brands stock traded down $0.05 during trading hours on Tuesday, hitting $147.12. The company's stock had a trading volume of 234,198 shares, compared to its average volume of 2,154,417. Yum! Brands, Inc. has a 12-month low of $122.13 and a 12-month high of $163.30. The business has a 50 day moving average price of $145.90 and a two-hundred day moving average price of $144.85. The company has a market cap of $40.89 billion, a PE ratio of 29.30, a PEG ratio of 2.25 and a beta of 0.74.

Yum! Brands (NYSE:YUM - Get Free Report) last issued its earnings results on Wednesday, April 30th. The restaurant operator reported $1.30 earnings per share (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 analysts' expectations of $1.85 billion. Yum! Brands had a negative return on equity of 20.80% and a net margin of 18.42%. The business's revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.15 earnings per share. As a group, research analysts anticipate that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Yum! Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Tuesday, May 27th were given a dividend of $0.71 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $2.84 dividend on an annualized basis and a yield of 1.93%. Yum! Brands's dividend payout ratio (DPR) is presently 56.57%.

Analyst Upgrades and Downgrades

YUM has been the topic of several research analyst reports. Barclays upped their target price on shares of Yum! Brands from $163.00 to $167.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Redburn Atlantic upgraded shares of Yum! Brands from a "neutral" rating to a "buy" rating and increased their price objective for the company from $145.00 to $177.00 in a research report on Tuesday, June 10th. The Goldman Sachs Group raised shares of Yum! Brands from a "neutral" rating to a "buy" rating and set a $167.00 target price for the company in a research report on Wednesday, June 4th. Morgan Stanley increased their price target on Yum! Brands from $151.00 to $153.00 and gave the company an "equal weight" rating in a report on Monday. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $185.00 price objective on shares of Yum! Brands in a report on Monday, April 28th. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $159.86.

Insider Buying and Selling

In other Yum! Brands news, CEO David W. Gibbs sold 7,063 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $145.57, for a total transaction of $1,028,160.91. Following the transaction, the chief executive officer owned 157,893 shares in the company, valued at $22,984,484.01. The trade was a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Scott Mezvinsky sold 272 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $148.28, for a total transaction of $40,332.16. Following the completion of the sale, the chief executive officer owned 1,755 shares of the company's stock, valued at $260,231.40. This trade represents a 13.42% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,603 shares of company stock worth $1,107,613. Company insiders own 0.33% of the company's stock.

Yum! Brands Company 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.