Sullivan Bruyette Speros & Blaney LLC Invests $205,000 in Yum! Brands, Inc. (NYSE:YUM)

Sullivan Bruyette Speros & Blaney LLC bought a new position in shares of Yum! Brands, Inc. (NYSE:YUM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,849 shares of the restaurant operator’s stock, valued at approximately $205,000.

Other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of Yum! Brands by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 755,600 shares of the restaurant operator’s stock worth $69,456,000 after buying an additional 11,988 shares in the last quarter. Geode Capital Management LLC grew its stake in Yum! Brands by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 3,883,831 shares of the restaurant operator’s stock valued at $356,348,000 after acquiring an additional 260,681 shares during the last quarter. CWM LLC grew its stake in Yum! Brands by 108.4% in the 1st quarter. CWM LLC now owns 61,771 shares of the restaurant operator’s stock valued at $6,165,000 after acquiring an additional 32,125 shares during the last quarter. Chicago Capital LLC lifted its holdings in Yum! Brands by 123.9% in the 1st quarter. Chicago Capital LLC now owns 7,808 shares of the restaurant operator’s stock valued at $779,000 after purchasing an additional 4,320 shares in the last quarter. Finally, Advisor Partners LLC lifted its holdings in Yum! Brands by 2.0% in the 1st quarter. Advisor Partners LLC now owns 9,299 shares of the restaurant operator’s stock valued at $928,000 after purchasing an additional 184 shares in the last quarter. 77.31% of the stock is currently owned by institutional investors.

Several brokerages have recently weighed in on YUM. JPMorgan Chase & Co. increased their price objective on shares of Yum! Brands from $97.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. Tigress Financial reiterated a “buy” rating on shares of Yum! Brands in a report on Friday, July 12th. BMO Capital Markets increased their price objective on shares of Yum! Brands to $112.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. They noted that the move was a valuation call. Citigroup set a $138.00 price objective on shares of Yum! Brands and gave the stock a “hold” rating in a report on Monday, August 12th. Finally, Credit Suisse Group began coverage on shares of Yum! Brands in a report on Tuesday, June 25th. They set a “neutral” rating and a $106.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $110.65.

In related news, President David W. Gibbs sold 1,593 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $115.67, for a total transaction of $184,262.31. Following the completion of the sale, the president now owns 43,867 shares of the company’s stock, valued at approximately $5,074,095.89. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP David Eric Russell sold 5,801 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $115.33, for a total transaction of $669,029.33. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,556 shares of company stock valued at $6,741,879. Corporate insiders own 0.67% of the company’s stock.

YUM traded up $0.77 on Wednesday, reaching $117.34. 404,599 shares of the company’s stock were exchanged, compared to its average volume of 1,535,531. The company’s 50 day moving average is $113.90 and its 200-day moving average is $104.23. The company has a market cap of $35.47 billion, a price-to-earnings ratio of 37.02, a PEG ratio of 2.44 and a beta of 0.53. Yum! Brands, Inc. has a twelve month low of $83.39 and a twelve month high of $119.72.

Yum! Brands (NYSE:YUM) last posted its earnings results on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.06. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. Yum! Brands had a net margin of 24.29% and a negative return on equity of 13.02%. The company’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. As a group, equities research analysts forecast that Yum! Brands, Inc. will post 3.87 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Monday, August 19th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Friday, August 16th. Yum! Brands’s dividend payout ratio (DPR) is presently 53.00%.

About Yum! Brands

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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