L.M. Kohn & Company Acquires 103 Shares of Yum! Brands, Inc. (NYSE:YUM)

L.M. Kohn & Company grew its holdings in Yum! Brands, Inc. (NYSE:YUM) by 3.7% in the third quarter, HoldingsChannel reports. The fund owned 2,854 shares of the restaurant operator’s stock after buying an additional 103 shares during the period. L.M. Kohn & Company’s holdings in Yum! Brands were worth $399,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. DiNuzzo Private Wealth Inc. raised its stake in Yum! Brands by 957.1% in 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 in the last quarter. Meeder Asset Management Inc. raised its stake in Yum! Brands by 43.6% during the second quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 82 shares in the last quarter. Kimelman & Baird LLC acquired a new position in Yum! Brands during the second quarter worth about $37,000. Iron Horse Wealth Management LLC raised its stake in 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 worth $38,000 after acquiring an additional 278 shares in the last quarter. Finally, Horizons Wealth Management acquired a new position in Yum! Brands during the second quarter worth about $38,000. Institutional investors own 82.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on YUM. Loop Capital lowered their target price on Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Bank of America lowered their target price on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Robert W. Baird boosted their target price on Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lowered their target price on Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Finally, Redburn Atlantic downgraded Yum! Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Yum! Brands presently has an average rating of “Hold” and a consensus price target of $145.94.

Insiders Place Their Bets

In other Yum! Brands news, CEO David W. Gibbs sold 7,059 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $135.94, for a total transaction of $959,600.46. Following the transaction, the chief executive officer now directly owns 149,385 shares in the company, valued at approximately $20,307,396.90. This represents a 4.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 21,069 shares of company stock worth $2,842,965. Corporate insiders own 0.31% of the company’s stock.

Yum! Brands Price Performance

Shares of YUM stock opened at $138.94 on Friday. The business’s 50 day simple moving average is $135.15 and its 200 day simple moving average is $134.53. Yum! Brands, Inc. has a one year low of $123.70 and a one year high of $143.20. The stock has a market capitalization of $38.77 billion, a PE ratio of 25.97, a PEG ratio of 2.40 and a beta of 1.10.

Yum! Brands (NYSE:YUM) last announced its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). The company 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 was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.44 earnings per share. As a group, research analysts expect that Yum! Brands, Inc. will post 5.47 earnings per share for the current year.

Yum! Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Monday, December 2nd. Yum! Brands’s payout ratio is 50.09%.

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.