Infusive Asset Management Inc. Has $6.07 Million Stock Position in Yum! Brands, Inc. (NYSE:YUM)

Infusive Asset Management Inc. lifted its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 15.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,419 shares of the restaurant operator’s stock after acquiring an additional 5,684 shares during the period. Yum! Brands makes up about 2.5% of Infusive Asset Management Inc.’s portfolio, making the stock its 16th largest holding. Infusive Asset Management Inc.’s holdings in Yum! Brands were worth $6,066,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. grew its holdings in Yum! Brands by 957.1% in the third quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 201 shares during the period. Meeder Asset Management Inc. grew its stake in Yum! Brands by 43.6% during the second quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 82 shares in the last quarter. Kimelman & Baird LLC purchased a new position in Yum! Brands in the 2nd quarter worth approximately $37,000. Iron Horse Wealth Management LLC lifted its holdings in shares of Yum! Brands by 3,088.9% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 287 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 278 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Yum! Brands during the 2nd quarter valued at $39,000. Institutional investors own 82.37% of the company’s stock.

Insider Activity

In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $134.43, for a total transaction of $941,682.15. Following the transaction, the chief executive officer now owns 152,634 shares of the company’s stock, valued at $20,518,588.62. The trade was a 4.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 21,069 shares of company stock worth $2,842,965. 0.31% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on YUM. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Redburn Atlantic cut shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Loop Capital cut their price objective on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. JPMorgan Chase & Co. raised their target price on shares of Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Finally, Robert W. Baird boosted their price objective on shares of Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $145.94.

Yum! Brands Stock Performance

Shares of YUM stock opened at $139.33 on Friday. The stock’s fifty day moving average is $134.97 and its two-hundred day moving average is $134.54. The firm has a market capitalization of $38.88 billion, a P/E ratio of 26.04, a PEG ratio of 2.41 and a beta of 1.10. Yum! Brands, Inc. has a fifty-two week low of $123.70 and a fifty-two week high of $143.20.

Yum! Brands (NYSE:YUM) last issued its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.90 billion. Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $1.44 earnings per share. On average, equities analysts forecast that Yum! Brands, Inc. will post 5.47 earnings per share for the current year.

Yum! Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.92%. The ex-dividend date is Monday, December 2nd. Yum! Brands’s dividend payout ratio is currently 50.09%.

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.