Consolidated Planning Corp Reduces Holdings in Yum! Brands, Inc. (NYSE:YUM)

Consolidated Planning Corp trimmed its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 4.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,848 shares of the restaurant operator’s stock after selling 95 shares during the quarter. Consolidated Planning Corp’s holdings in Yum! Brands were worth $258,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Crewe Advisors LLC purchased a new stake in shares of Yum! Brands during the first quarter valued at $28,000. DiNuzzo Private Wealth Inc. boosted its stake in shares of Yum! Brands by 957.1% during the third quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 201 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of 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 purchasing an additional 82 shares during the period. Kimelman & Baird LLC purchased a new stake in shares of Yum! Brands during the second quarter valued at $37,000. Finally, Iron Horse Wealth Management LLC boosted its stake in shares of Yum! Brands by 3,088.9% during the second quarter. Iron Horse Wealth Management LLC now owns 287 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 278 shares during the period. 82.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Bank of America lowered their target price on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Evercore ISI downgraded Yum! Brands from an “outperform” rating to an “inline” rating and decreased their price objective for the company from $160.00 to $145.00 in a report on Tuesday, July 16th. Stifel Nicolaus decreased their price objective on Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Loop Capital decreased their price objective on Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday. Finally, 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. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Yum! Brands presently has an average rating of “Hold” and a consensus price target of $145.94.

Insider Activity

In other news, insider Scott Catlett sold 8,234 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $137.79, for a total transaction of $1,134,562.86. Following the transaction, the insider now owns 29,159 shares in the company, valued at $4,017,818.61. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Scott Catlett sold 8,234 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $137.79, for a total value of $1,134,562.86. Following the sale, the insider now owns 29,159 shares in the company, valued at $4,017,818.61. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David W. Gibbs sold 7,069 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $137.92, for a total value of $974,956.48. Following the completion of the sale, the chief executive officer now owns 159,132 shares in the company, valued at approximately $21,947,485.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,622 shares of company stock worth $4,172,740 over the last 90 days. 0.31% of the stock is currently owned by corporate insiders.

Yum! Brands Stock Performance

Shares of Yum! Brands stock opened at $137.21 on Friday. The company has a market capitalization of $38.58 billion, a PE ratio of 25.65, a P/E/G ratio of 2.13 and a beta of 1.10. The company has a 50-day simple moving average of $134.32 and a two-hundred day simple moving average of $134.81. Yum! Brands, Inc. has a one year low of $123.60 and a one year high of $143.20.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.04). Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter last year, the company earned $1.44 EPS. The business’s revenue was up 6.9% compared to the same quarter last year. On average, equities analysts predict that Yum! Brands, Inc. will post 5.54 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $2.68 annualized dividend and a dividend yield of 1.95%. Yum! Brands’s dividend payout ratio (DPR) is currently 50.09%.

Yum! Brands 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.