Infusive Asset Management Inc. Sells 6,153 Shares of Yum! Brands, Inc. $YUM

Key Points

• Infusive Asset Management Inc. reduced its holdings in Yum! Brands by 31.2%, selling 6,153 shares, leaving them with a total of 13,593 shares valued at approximately $2.14 million.
• Several hedge funds increased their positions in Yum! Brands, with Manchester Capital Management boosting its holdings by 78.0%, now owning 162 shares valued at $25,000.
• Yum! Brands reported Q1 earnings of $1.44 EPS, missing estimates and revealing a net margin of 18.11%, while their quarterly revenue was $1.93 billion, slightly below expectations.

Infusive Asset Management Inc. cut its position in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 31.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,593 shares of the restaurant operator's stock after selling 6,153 shares during the period. Infusive Asset Management Inc.'s holdings in Yum! Brands were worth $2,139,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of YUM. Greykasell Wealth Strategies Inc. bought a new stake in shares of Yum! Brands during the 1st quarter worth about $25,000. Manchester Capital Management LLC boosted its holdings in shares of Yum! Brands by 78.0% during the 1st quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator's stock worth $25,000 after buying an additional 71 shares during the period. Wayfinding Financial LLC bought a new stake in shares of Yum! Brands during the 1st quarter worth about $32,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Yum! Brands during the 1st quarter worth about $38,000. Finally, MorganRosel Wealth Management LLC bought a new stake in shares of Yum! Brands during the 1st quarter worth about $41,000. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Yum! Brands Price Performance

YUM stock traded up $0.90 during trading on Friday, reaching $144.57. 1,455,802 shares of the company were exchanged, compared to its average volume of 1,723,337. The company has a 50-day moving average of $146.77 and a two-hundred day moving average of $148.06. The company has a market capitalization of $40.12 billion, a price-to-earnings ratio of 28.52, a P/E/G ratio of 2.25 and a beta of 0.73. Yum! Brands, Inc. has a twelve month low of $122.13 and a twelve month high of $163.30.

Yum! Brands (NYSE:YUM - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The restaurant operator reported $1.44 earnings per share (EPS) 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 negative return on equity of 21.01% and a net margin of 18.11%.Yum! Brands's revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.35 earnings per share. On average, analysts forecast that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, September 2nd. Yum! Brands's dividend payout ratio is 56.02%.

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, COO Tracy L. Skeans sold 12,220 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $148.24, for a total value of $1,811,492.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 that occurred on Tuesday, July 15th. The shares were sold at an average price of $146.60, for a total transaction of $1,043,352.20. Following the completion of the transaction, the chief executive officer owned 102,893 shares of the company's stock, 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. In the last quarter, insiders have sold 29,016 shares of company stock valued at $4,271,543. Insiders own 0.33% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on YUM. Barclays reissued an "overweight" rating and issued a $164.00 price objective (down previously from $167.00) on shares of Yum! Brands in a report on Tuesday, August 5th. Morgan Stanley cut their price objective on shares of Yum! Brands from $153.00 to $151.00 and set an "equal weight" rating for the company in a report on Wednesday, August 6th. TD Cowen cut their price target on shares of Yum! Brands from $158.00 to $156.00 and set a "hold" rating for the company in a report 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 cut their price target on shares of Yum! Brands from $170.00 to $165.00 and set an "in-line" rating for the company in a report 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 MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $161.23.

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.