Anchor Investment Management LLC Has $186,000 Stock Holdings in Yum! Brands, Inc. (NYSE:YUM)

Anchor Investment Management LLC grew its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 7.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,329 shares of the restaurant operator’s stock after buying an additional 92 shares during the quarter. Anchor Investment Management LLC’s holdings in Yum! Brands were worth $186,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Safe Harbor Fiduciary LLC bought a new position in Yum! Brands in the 3rd quarter valued at about $29,000. DiNuzzo Private Wealth Inc. raised its stake in shares of Yum! Brands by 957.1% in the third quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 201 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Yum! Brands by 43.6% in 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 in the last quarter. Kimelman & Baird LLC purchased a new position in shares of Yum! Brands during the second quarter valued at approximately $37,000. Finally, Horizons Wealth Management bought a new stake in Yum! Brands during the second quarter worth $38,000. 82.37% of the stock is owned by institutional investors.

Insider Transactions at Yum! Brands

In related news, CEO David W. Gibbs sold 7,059 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $135.94, for a total transaction of $959,600.46. Following the sale, the chief executive officer now owns 149,385 shares of the company’s stock, valued at approximately $20,307,396.90. This represents a 4.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 21,069 shares of company stock valued at $2,842,965 over the last three months. Company insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on YUM. JPMorgan Chase & Co. raised their price objective on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. TD Cowen restated a “hold” rating and set a $145.00 price target on shares of Yum! Brands in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Bank of America cut their target price on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Finally, Loop Capital decreased their price target on Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $145.94.

Yum! Brands Stock Performance

Shares of Yum! Brands stock opened at $137.00 on Friday. The stock has a market capitalization of $38.23 billion, a P/E ratio of 25.61, a P/E/G ratio of 2.39 and a beta of 1.10. Yum! Brands, Inc. has a 52-week low of $124.76 and a 52-week high of $143.20. The stock’s 50-day simple moving average is $135.44 and its 200 day simple moving average is $134.50.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results 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). The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.90 billion. Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $1.44 EPS. Equities research analysts forecast that Yum! Brands, Inc. will post 5.47 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.68 annualized dividend and a dividend yield of 1.96%. Yum! Brands’s dividend payout ratio 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.