Sheaff Brock Investment Advisors LLC Sells 100 Shares of Yum! Brands, Inc. (NYSE:YUM)

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Sheaff Brock Investment Advisors LLC reduced its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,373 shares of the restaurant operator’s stock after selling 100 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Yum! Brands were worth $373,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its stake in Yum! Brands by 2.7% in the 1st quarter. BlackRock Inc. now owns 22,186,539 shares of the restaurant operator’s stock worth $2,214,439,000 after acquiring an additional 591,322 shares during the last quarter. Magellan Asset Management Ltd raised its stake in Yum! Brands by 2.2% in the first quarter. Magellan Asset Management Ltd now owns 15,768,541 shares of the restaurant operator’s stock valued at $1,573,858,000 after buying an additional 338,339 shares during the last quarter. Sustainable Growth Advisers LP raised its stake in Yum! Brands by 0.4% in the first quarter. Sustainable Growth Advisers LP now owns 4,507,107 shares of the restaurant operator’s stock valued at $449,854,000 after buying an additional 19,362 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Yum! Brands by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 3,883,831 shares of the restaurant operator’s stock valued at $356,348,000 after purchasing an additional 260,681 shares during the period. Finally, FMR LLC increased its holdings in shares of Yum! Brands by 139.0% in the first quarter. FMR LLC now owns 2,658,807 shares of the restaurant operator’s stock valued at $265,376,000 after purchasing an additional 1,546,142 shares during the period. 74.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Yum! Brands stock traded up $0.50 on Thursday, hitting $116.05. The stock had a trading volume of 4,365 shares, compared to its average volume of 1,465,942. Yum! Brands, Inc. has a 52-week low of $82.14 and a 52-week high of $119.72. The firm has a market cap of $35.49 billion, a PE ratio of 36.62, a price-to-earnings-growth ratio of 2.46 and a beta of 0.53. The business has a 50 day moving average price of $113.16.

Yum! Brands (NYSE:YUM) last posted its earnings results on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.06. Yum! Brands had a negative return on equity of 13.02% and a net margin of 24.29%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the business earned $0.82 EPS. The business’s quarterly revenue was down 4.2% on a year-over-year basis. On average, sell-side analysts forecast that Yum! Brands, Inc. will post 3.87 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Monday, August 19th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, August 16th. Yum! Brands’s payout ratio is currently 53.00%.

YUM has been the topic of several analyst reports. Citigroup set a $138.00 target price on Yum! Brands and gave the stock a “hold” rating in a report on Monday. Edward Jones lowered Yum! Brands from a “buy” rating to a “hold” rating in a report on Monday, July 1st. Credit Suisse Group initiated coverage on Yum! Brands in a report on Tuesday, June 25th. They issued a “neutral” rating and a $106.00 price objective on the stock. Zacks Investment Research lowered Yum! Brands from a “buy” rating to a “hold” rating in a report on Monday, April 22nd. Finally, Tigress Financial reissued a “buy” rating on shares of Yum! Brands in a report on Friday, July 12th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $110.65.

In other news, CFO David W. Gibbs sold 1,572 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $109.93, for a total value of $172,809.96. Following the completion of the sale, the chief financial officer now directly owns 43,516 shares of the company’s stock, valued at approximately $4,783,713.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David W. Gibbs sold 1,577 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $111.29, for a total value of $175,504.33. Following the completion of the sale, the chief financial officer now directly owns 43,867 shares of the company’s stock, valued at $4,881,958.43. The disclosure for this sale can be found here. Insiders sold a total of 54,147 shares of company stock valued at $5,770,207 over the last three months. Company insiders own 0.67% of the company’s stock.

Yum! Brands Company Profile

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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