Occidental Asset Management LLC Buys 141 Shares of Yum! Brands, Inc. (NYSE:YUM)

Occidental Asset Management LLC raised its stake in Yum! Brands, Inc. (NYSE:YUM) by 3.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,784 shares of the restaurant operator’s stock after buying an additional 141 shares during the period. Occidental Asset Management LLC’s holdings in Yum! Brands were worth $501,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in YUM. Manchester Capital Management LLC grew its holdings in shares of Yum! Brands by 165.7% during the 1st quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 116 shares during the last quarter. Ruedi Wealth Management Inc. grew its holdings in shares of Yum! Brands by 79.8% during the 1st quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 83 shares during the last quarter. Naples Money Management LLC bought a new position in shares of Yum! Brands during the 4th quarter valued at $26,000. Bfsg LLC bought a new position in shares of Yum! Brands during the 4th quarter valued at $26,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Yum! Brands during the 1st quarter valued at $28,000. Institutional investors own 82.37% of the company’s stock.

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,073 shares of Yum! Brands stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $137.14, for a total transaction of $969,991.22. Following the transaction, the chief executive officer now owns 168,879 shares of the company’s stock, valued at $23,160,066.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO David W. Gibbs sold 7,061 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $136.43, for a total value of $963,332.23. Following the transaction, the chief executive officer now owns 165,630 shares of the company’s stock, valued at $22,596,900.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David W. Gibbs sold 7,073 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $137.14, for a total transaction of $969,991.22. Following the completion of the transaction, the chief executive officer now directly owns 168,879 shares in the company, valued at approximately $23,160,066.06. The disclosure for this sale can be found here. Insiders have sold 98,140 shares of company stock valued at $13,438,860 over the last 90 days. 0.31% of the stock is currently owned by corporate insiders.

Yum! Brands Trading Down 0.8 %

Shares of NYSE YUM opened at $135.63 on Tuesday. The firm has a 50 day moving average of $132.81 and a 200 day moving average of $135.29. The firm has a market capitalization of $38.20 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 2.09 and a beta of 1.07. Yum! Brands, Inc. has a 12-month low of $115.53 and a 12-month high of $143.20.

Yum! Brands (NYSE:YUM) last announced its earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.02. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the business posted $1.41 earnings per share. Sell-side analysts predict that Yum! Brands, Inc. will post 5.62 EPS for the current year.

Yum! Brands declared that its board has approved a stock repurchase program on Wednesday, May 15th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the restaurant operator to buy up to 5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Yum! Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Tuesday, May 28th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Friday, May 24th. Yum! Brands’s dividend payout ratio is currently 47.52%.

Analysts Set New Price Targets

YUM has been the topic of several recent research reports. Barclays increased their target price on shares of Yum! Brands from $144.00 to $148.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Morgan Stanley cut their price target on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Robert W. Baird raised their price target on shares of Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, BMO Capital Markets raised their price target on shares of Yum! Brands from $133.00 to $135.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $145.00.

About Yum! Brands

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.