DAVENPORT & Co LLC Purchases 440 Shares of Yum! Brands, Inc. (NYSE:YUM)

DAVENPORT & Co LLC increased its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 6.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,828 shares of the restaurant operator’s stock after purchasing an additional 440 shares during the quarter. DAVENPORT & Co LLC’s holdings in Yum! Brands were worth $593,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of YUM. Perennial Advisors LLC bought a new stake in Yum! Brands during the first quarter worth about $25,000. Tarbox Family Office Inc. lifted its position in Yum! Brands by 95.9% during the second quarter. Tarbox Family Office Inc. now owns 290 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 142 shares during the period. Ballast Advisors LLC bought a new stake in Yum! Brands during the first quarter worth about $26,000. Capital Advisory Group Advisory Services LLC bought a new stake in Yum! Brands during the first quarter worth about $27,000. Finally, TRUE Private Wealth Advisors lifted its position in Yum! Brands by 131.5% during the first quarter. TRUE Private Wealth Advisors now owns 493 shares of the restaurant operator’s stock worth $33,000 after purchasing an additional 280 shares during the period. 74.94% of the stock is owned by institutional investors and hedge funds.

Several brokerages have commented on YUM. MKM Partners boosted their target price on Yum! Brands from $75.00 to $90.00 in a research note on Wednesday, June 24th. Zacks Investment Research raised Yum! Brands from a “sell” rating to a “hold” rating and set a $92.00 target price for the company in a research note on Saturday, May 30th. Royal Bank of Canada boosted their target price on Yum! Brands from $87.00 to $94.00 and gave the stock a “sector perform” rating in a research note on Friday. UBS Group boosted their target price on Yum! Brands from $105.00 to $108.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Finally, Cfra lowered their target price on Yum! Brands from $110.00 to $94.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. Seventeen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $101.55.

In other Yum! Brands news, CEO David W. Gibbs sold 2,318 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $91.28, for a total transaction of $211,587.04. Following the transaction, the chief executive officer now directly owns 76,048 shares in the company, valued at approximately $6,941,661.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David W. Gibbs sold 2,251 shares of the stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $87.68, for a total value of $197,367.68. Following the transaction, the chief executive officer now owns 76,048 shares in the company, valued at $6,667,888.64. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

Shares of YUM stock opened at $91.05 on Friday. The business’s 50 day simple moving average is $89.28 and its 200 day simple moving average is $89.05. Yum! Brands, Inc. has a one year low of $54.95 and a one year high of $119.72. The stock has a market capitalization of $27.58 billion, a PE ratio of 27.34, a PEG ratio of 2.59 and a beta of 0.95.

Yum! Brands (NYSE:YUM) last announced its earnings results on Thursday, July 30th. The restaurant operator reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.30. Yum! Brands had a negative return on equity of 12.42% and a net margin of 18.78%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The firm’s revenue was down 8.5% on a year-over-year basis. Sell-side analysts predict that Yum! Brands, Inc. will post 2.86 earnings per share for the current year.

About Yum! Brands

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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