Bar Harbor Wealth Management Sells 90 Shares of Yum! Brands, Inc. (NYSE:YUM)

Bar Harbor Wealth Management cut its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 1.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,025 shares of the restaurant operator’s stock after selling 90 shares during the period. Bar Harbor Wealth Management’s holdings in Yum! Brands were worth $791,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WealthTrak Capital Management LLC bought a new position in Yum! Brands during the fourth quarter valued at approximately $25,000. Kohmann Bosshard Financial Services LLC bought a new position in Yum! Brands during the fourth quarter valued at approximately $25,000. Halbert Hargrove Global Advisors LLC bought a new position in Yum! Brands during the fourth quarter valued at approximately $33,000. Itau Unibanco Holding S.A. boosted its stake in Yum! Brands by 436.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 279 shares of the restaurant operator’s stock valued at $37,000 after buying an additional 227 shares during the last quarter. Finally, LGT Financial Advisors LLC bought a new position in Yum! Brands during the fourth quarter valued at approximately $41,000. 82.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on YUM. Guggenheim raised their price objective on Yum! Brands from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, April 8th. Cowen reaffirmed a “hold” rating on shares of Yum! Brands in a research note on Wednesday, March 5th. Wells Fargo & Company raised their price objective on Yum! Brands from $145.00 to $160.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. raised their price objective on Yum! Brands from $160.00 to $170.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Finally, The Goldman Sachs Group raised Yum! Brands from a “neutral” rating to a “buy” rating and set a $167.00 price objective for the company in a research note on Wednesday, June 4th. Fourteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Yum! Brands currently has a consensus rating of “Hold” and an average price target of $158.24.

Yum! Brands Price Performance

YUM stock opened at $143.88 on Friday. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30. The business has a 50-day moving average price of $145.61 and a 200 day moving average price of $143.29. The company has a market capitalization of $39.99 billion, a P/E ratio of 27.56, a PEG ratio of 2.31 and a beta of 0.74.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $1.30 EPS for the quarter, beating the consensus estimate of $1.29 by $0.01. Yum! Brands had a net margin of 19.68% and a negative return on equity of 20.33%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the business posted $1.15 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, analysts anticipate that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 27th were issued a $0.71 dividend. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.97%. Yum! Brands’s dividend payout ratio is presently 56.57%.

Insider Transactions at Yum! Brands

In other news, CEO David W. Gibbs sold 5,293 shares of Yum! Brands stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $154.24, for a total value of $816,392.32. Following the transaction, the chief executive officer now owns 157,893 shares of the company’s stock, valued at $24,353,416.32. The trade was a 3.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott Mezvinsky sold 268 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $145.97, for a total transaction of $39,119.96. Following the sale, the chief executive officer now directly owns 1,755 shares of the company’s stock, valued at $256,177.35. The trade was a 13.25% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 17,763 shares of company stock valued at $2,637,564. Corporate insiders own 0.33% of the company’s stock.

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.