Ironwood Financial llc Sells 106 Shares of Yum! Brands, Inc. (NYSE:YUM)

Ironwood Financial llc reduced its stake in Yum! Brands, Inc. (NYSE:YUM) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,851 shares of the restaurant operator’s stock after selling 106 shares during the period. Ironwood Financial llc’s holdings in Yum! Brands were worth $678,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of YUM. Deseret Mutual Benefit Administrators boosted its holdings in Yum! Brands by 3.9% during the second quarter. Deseret Mutual Benefit Administrators now owns 2,049 shares of the restaurant operator’s stock worth $271,000 after buying an additional 76 shares during the last quarter. Legacy Financial Advisors Inc. grew its holdings in Yum! Brands by 2.2% during the second quarter. Legacy Financial Advisors Inc. now owns 3,460 shares of the restaurant operator’s stock valued at $458,000 after purchasing an additional 76 shares during the period. Wesbanco Bank Inc. increased its stake in Yum! Brands by 1.9% in the second quarter. Wesbanco Bank Inc. now owns 4,169 shares of the restaurant operator’s stock valued at $552,000 after purchasing an additional 78 shares in the last quarter. Diversified Trust Co raised its holdings in Yum! Brands by 2.4% in the third quarter. Diversified Trust Co now owns 3,321 shares of the restaurant operator’s stock worth $464,000 after purchasing an additional 79 shares during the period. Finally, Choreo LLC boosted its position in shares of Yum! Brands by 1.6% during the first quarter. Choreo LLC now owns 5,312 shares of the restaurant operator’s stock worth $737,000 after purchasing an additional 82 shares in the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on YUM. Evercore ISI cut shares of Yum! Brands from an “outperform” rating to an “inline” rating and lowered their price objective for the company from $160.00 to $145.00 in a research report on Tuesday, July 16th. TD Cowen downgraded Yum! Brands from a “buy” rating to a “hold” rating and lowered their price target for the stock from $156.00 to $145.00 in a report on Wednesday. Robert W. Baird lifted their price objective on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased their target price on Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Yum! Brands from $143.00 to $147.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $144.56.

Yum! Brands Trading Down 0.7 %

Shares of Yum! Brands stock traded down $0.94 during trading hours on Thursday, reaching $132.41. 93,285 shares of the company’s stock were exchanged, compared to its average volume of 1,950,419. The stock has a market cap of $37.23 billion, a P/E ratio of 24.42, a P/E/G ratio of 2.06 and a beta of 1.08. The company has a 50 day moving average of $135.14 and a two-hundred day moving average of $135.27. Yum! Brands, Inc. has a fifty-two week low of $118.28 and a fifty-two week high of $143.20.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, beating the consensus estimate of $1.33 by $0.02. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Yum! Brands had a negative return on equity of 18.90% and a net margin of 21.96%. During the same period in the prior year, the firm posted $1.41 earnings per share. As a group, analysts expect that Yum! Brands, Inc. will post 5.61 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum! Brands’s dividend payout ratio (DPR) is currently 49.08%.

Insider Buying and Selling at Yum! Brands

In other news, CEO David W. Gibbs sold 7,069 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $137.92, for a total value of $974,956.48. Following the sale, the chief executive officer now directly owns 159,132 shares of the company’s stock, valued at approximately $21,947,485.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO David W. Gibbs sold 7,069 shares of Yum! Brands stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $137.92, for a total transaction of $974,956.48. Following the completion of the transaction, the chief executive officer now directly owns 159,132 shares in the company, valued at approximately $21,947,485.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Scott Catlett sold 8,234 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $137.79, for a total value of $1,134,562.86. Following the completion of the sale, the insider now owns 29,159 shares in the company, valued at approximately $4,017,818.61. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,673 shares of company stock worth $13,918,095 over the last quarter. 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.