Yum! Brands, Inc. (NYSE:YUM) Shares Acquired by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC boosted its holdings in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 455.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,149 shares of the restaurant operator's stock after buying an additional 11,601 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Yum! Brands were worth $1,977,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Safe Harbor Fiduciary LLC purchased a new position in shares of Yum! Brands during the 3rd quarter valued at $29,000. DiNuzzo Private Wealth Inc. boosted its position in shares of Yum! Brands by 957.1% during the third quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator's stock worth $31,000 after acquiring an additional 201 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in Yum! Brands by 43.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator's stock worth $36,000 after purchasing an additional 82 shares in the last quarter. Kimelman & Baird LLC purchased a new stake in shares of Yum! Brands in the second quarter worth about $37,000. Finally, Iron Horse Wealth Management LLC boosted 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 valued at $38,000 after buying an additional 278 shares during the last quarter. Institutional investors own 82.37% of the company's stock.

Yum! Brands Stock Performance

NYSE YUM traded down $0.87 on Tuesday, reaching $138.21. 1,406,185 shares of the stock traded hands, compared to its average volume of 1,921,426. Yum! Brands, Inc. has a 12 month low of $124.41 and a 12 month high of $143.20. The company has a market cap of $38.57 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 2.38 and a beta of 1.10. The company has a fifty day moving average price of $135.45 and a 200-day moving average price of $134.45.

Yum! Brands (NYSE:YUM - Get Free Report) last announced its quarterly 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). Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The firm had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.90 billion. During the same quarter in the prior year, the business posted $1.44 EPS. The business's quarterly revenue was up 6.9% on a year-over-year basis. As a group, research analysts anticipate that Yum! Brands, Inc. will post 5.47 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be given a $0.67 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.68 annualized dividend and a dividend yield of 1.94%. Yum! Brands's payout ratio is presently 50.09%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Redburn Atlantic cut Yum! Brands from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. Bank of America lowered their price objective on shares of Yum! Brands from $147.00 to $145.00 and set a "neutral" rating for the company in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their target price on shares of Yum! Brands from $137.00 to $144.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Yum! Brands from $147.00 to $145.00 and set a "hold" rating for the company in a report on Wednesday, November 6th. Finally, Loop Capital reduced their price objective on Yum! Brands from $143.00 to $140.00 and set a "hold" rating on the stock in a research note on Wednesday, November 6th. Twelve analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $145.94.

Insider Activity

In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $134.43, for a total value of $941,682.15. Following the transaction, the chief executive officer now owns 152,634 shares in the company, valued at $20,518,588.62. The trade was a 4.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, 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 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.