Yum! Brands, Inc. (NYSE:YUM) Holdings Decreased by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. reduced its stake in shares of Yum! Brands, Inc. (NYSE:YUMGet Rating) by 13.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,919 shares of the restaurant operator’s stock after selling 295 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Yum! Brands were worth $218,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of YUM. Lansing Street Advisors bought a new stake in shares of Yum! Brands during the first quarter valued at about $25,000. Vigilant Capital Management LLC bought a new stake in Yum! Brands in the second quarter worth about $25,000. Cornerstone Advisory LLC bought a new stake in Yum! Brands in the fourth quarter worth about $31,000. Riverview Trust Co bought a new stake in Yum! Brands in the first quarter worth about $31,000. Finally, CVA Family Office LLC raised its position in Yum! Brands by 43.6% in the first quarter. CVA Family Office LLC now owns 280 shares of the restaurant operator’s stock worth $33,000 after acquiring an additional 85 shares in the last quarter. 70.18% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP David Eric Russell sold 4,454 shares of Yum! Brands stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $118.52, for a total transaction of $527,888.08. Following the completion of the sale, the vice president now directly owns 17,266 shares in the company, valued at approximately $2,046,366.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, VP David Eric Russell sold 4,454 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $118.52, for a total value of $527,888.08. Following the completion of the sale, the vice president now directly owns 17,266 shares in the company, valued at approximately $2,046,366.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Weir Mirian M. Graddick sold 1,215 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $118.30, for a total value of $143,734.50. Following the completion of the sale, the director now owns 1,233 shares of the company’s stock, valued at $145,863.90. The disclosure for this sale can be found here. 0.37% of the stock is owned by corporate insiders.

Yum! Brands Trading Down 1.1 %

NYSE:YUM traded down $1.18 on Friday, hitting $109.61. 27,508 shares of the company’s stock traded hands, compared to its average volume of 1,592,116. Yum! Brands, Inc. has a 1 year low of $108.37 and a 1 year high of $139.85. The firm has a 50-day moving average price of $116.82 and a 200-day moving average price of $116.80. The company has a market cap of $31.19 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 2.09 and a beta of 1.03.

Yum! Brands (NYSE:YUMGet Rating) last released its earnings results on Wednesday, August 3rd. The restaurant operator reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.03). The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Yum! Brands had a net margin of 22.17% and a negative return on equity of 15.45%. During the same period last year, the firm earned $1.16 EPS. On average, research analysts forecast that Yum! Brands, Inc. will post 4.54 EPS for the current fiscal year.

Yum! Brands announced that its board has authorized a stock buyback program on Monday, September 12th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the restaurant operator to purchase up to 6.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Yum! Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Monday, August 29th were issued a dividend of $0.57 per share. The ex-dividend date was Friday, August 26th. This represents a $2.28 annualized dividend and a dividend yield of 2.08%. Yum! Brands’s dividend payout ratio is 45.69%.

Analysts Set New Price Targets

Several brokerages have commented on YUM. Sanford C. Bernstein began coverage on shares of Yum! Brands in a research report on Wednesday, September 7th. They issued an “outperform” rating and a $144.00 price target on the stock. Morgan Stanley dropped their price target on shares of Yum! Brands from $146.00 to $142.00 and set an “overweight” rating on the stock in a research report on Monday, July 18th. Robert W. Baird set a $146.00 price target on shares of Yum! Brands in a research report on Tuesday, July 19th. The Goldman Sachs Group raised Yum! Brands from a “sell” rating to a “buy” rating and lifted their price target for the stock from $125.00 to $135.00 in a research note on Monday, July 18th. Finally, Argus cut Yum! Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, August 17th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $137.93.

Yum! Brands Company Profile

(Get Rating)

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. The company 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.

Read More

Want to see what other hedge funds are holding YUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yum! Brands, Inc. (NYSE:YUMGet Rating).

Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

Receive News & Ratings for Yum! Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum! Brands and related companies with MarketBeat.com's FREE daily email newsletter.