Brooklyn Investment Group Makes New Investment in Yum! Brands, Inc. (NYSE:YUM)

Brooklyn Investment Group acquired a new position in shares of Yum! Brands, Inc. (NYSE:YUM) during the third quarter, HoldingsChannel reports. The institutional investor acquired 838 shares of the restaurant operator’s stock, valued at approximately $117,000.

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on YUM shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Bank of America decreased their target price on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. TD Cowen restated a “hold” rating and set a $145.00 target price on shares of Yum! Brands in a research report on Wednesday, November 6th. Robert W. Baird boosted their price objective on shares of Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Loop Capital cut their target price on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $145.94.

Yum! Brands Stock Up 0.5 %

NYSE YUM opened at $139.33 on Thursday. The stock has a market cap of $38.88 billion, a PE ratio of 26.04, a P/E/G ratio of 2.34 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. The business has a 50 day moving average price of $134.80 and a two-hundred day moving average price of $134.50.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share 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 analysts’ expectations 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 quarter in the prior year, the company earned $1.44 EPS. Sell-side analysts anticipate that Yum! Brands, Inc. will post 5.47 EPS for the current fiscal year.

Yum! Brands Announces Dividend

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

Insider Activity

In other news, CEO David W. Gibbs sold 7,059 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $135.94, for a total transaction of $959,600.46. Following the completion of the transaction, the chief executive officer now directly owns 149,385 shares in the company, valued at approximately $20,307,396.90. This represents a 4.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 21,069 shares of company stock worth $2,842,965. 0.31% of the stock is currently owned by insiders.

Yum! Brands Company 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.