M&R Capital Management Inc. Sells 335 Shares of Yum! Brands, Inc. (NYSE:YUM)

M&R Capital Management Inc. decreased its stake in Yum! Brands, Inc. (NYSE:YUM) by 4.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,917 shares of the restaurant operator’s stock after selling 335 shares during the period. M&R Capital Management Inc.’s holdings in Yum! Brands were worth $631,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Gables Capital Management Inc. raised its position in Yum! Brands by 4.6% in the 2nd quarter. Gables Capital Management Inc. now owns 2,500 shares of the restaurant operator’s stock worth $217,000 after purchasing an additional 111 shares during the period. Investment Partners LTD. lifted its stake in shares of Yum! Brands by 3.8% in the second quarter. Investment Partners LTD. now owns 3,151 shares of the restaurant operator’s stock worth $274,000 after buying an additional 114 shares in the last quarter. Griffin Asset Management Inc. lifted its stake in shares of Yum! Brands by 1.2% in the first quarter. Griffin Asset Management Inc. now owns 10,939 shares of the restaurant operator’s stock worth $750,000 after buying an additional 132 shares in the last quarter. Wellington Shields Capital Management LLC lifted its position in Yum! Brands by 1.5% during the second quarter. Wellington Shields Capital Management LLC now owns 9,233 shares of the restaurant operator’s stock valued at $802,000 after purchasing an additional 133 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in shares of Yum! Brands by 0.5% in the second quarter. CIBC Asset Management Inc now owns 26,023 shares of the restaurant operator’s stock worth $2,262,000 after acquiring an additional 134 shares during the period. 75.22% of the stock is owned by institutional investors.

In related news, CEO David W. Gibbs sold 2,251 shares of the company’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $87.68, for a total transaction of $197,367.68. Following the completion of the transaction, the chief executive officer now directly owns 76,048 shares in the company, valued at approximately $6,667,888.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David W. Gibbs sold 2,334 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $93.15, for a total transaction of $217,412.10. Following the completion of the transaction, the chief executive officer now owns 76,049 shares of the company’s stock, valued at approximately $7,083,964.35. The disclosure for this sale can be found here. Insiders sold 14,389 shares of company stock valued at $1,345,717 over the last three months. Insiders own 0.72% of the company’s stock.

Shares of NYSE:YUM traded up $0.52 on Thursday, hitting $91.82. The company’s stock had a trading volume of 1,293,873 shares, compared to its average volume of 2,348,031. Yum! Brands, Inc. has a 12 month low of $54.95 and a 12 month high of $115.17. The company has a market capitalization of $27.67 billion, a price-to-earnings ratio of 27.57, a price-to-earnings-growth ratio of 2.36 and a beta of 0.92. The stock’s 50-day moving average is $93.84 and its two-hundred day moving average is $86.75.

Yum! Brands (NYSE:YUM) last released its earnings results on Thursday, July 30th. The restaurant operator reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.30. Yum! Brands had a net margin of 18.78% and a negative return on equity of 12.42%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the firm posted $0.93 earnings per share. The firm’s quarterly revenue was down 8.5% compared to the same quarter last year. On average, equities research analysts expect that Yum! Brands, Inc. will post 3.17 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Wednesday, August 26th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Tuesday, August 25th. Yum! Brands’s dividend payout ratio is 52.96%.

Several equities analysts have recently commented on YUM shares. Oppenheimer boosted their price objective on Yum! Brands from $103.00 to $108.00 and gave the company an “outperform” rating in a research report on Monday, August 17th. Morgan Stanley upped their price objective on Yum! Brands from $100.00 to $103.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Credit Suisse Group upped their price objective on Yum! Brands from $95.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Bank of America upped their target price on Yum! Brands from $90.00 to $98.00 and gave the company a “neutral” rating in a research note on Friday, August 28th. Finally, Stifel Nicolaus raised their price target on Yum! Brands from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, September 8th. Fifteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Yum! Brands currently has a consensus rating of “Hold” and an average target price of $100.16.

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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