DoubleLine ETF Adviser LP Acquires Shares of 7,426 Yum! Brands, Inc. (NYSE:YUM)

DoubleLine ETF Adviser LP acquired a new stake in Yum! Brands, Inc. (NYSE:YUM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,426 shares of the restaurant operator's stock, valued at approximately $984,000.

Several other large investors also recently modified their holdings of YUM. Deseret Mutual Benefit Administrators boosted its holdings in shares of Yum! Brands by 3.9% during the second quarter. Deseret Mutual Benefit Administrators now owns 2,049 shares of the restaurant operator's stock worth $271,000 after acquiring an additional 76 shares during the period. Legacy Financial Advisors Inc. boosted its stake in Yum! Brands by 2.2% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 3,460 shares of the restaurant operator's stock valued at $458,000 after purchasing an additional 76 shares during the period. Wesbanco Bank Inc. grew its stake in shares of Yum! Brands by 1.9% in the second quarter. Wesbanco Bank Inc. now owns 4,169 shares of the restaurant operator's stock valued at $552,000 after acquiring an additional 78 shares in the last quarter. Choreo LLC increased its position in Yum! Brands by 1.6% during the first quarter. Choreo LLC now owns 5,312 shares of the restaurant operator's stock worth $737,000 after acquiring an additional 82 shares during the period. Finally, Marcum Wealth LLC raised its stake in Yum! Brands by 3.4% in the 2nd quarter. Marcum Wealth LLC now owns 2,477 shares of the restaurant operator's stock worth $328,000 after purchasing an additional 82 shares in the last quarter. 82.37% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Yum! Brands news, CEO David W. Gibbs sold 6,961 shares of the business's stock in a transaction on Monday, July 15th. The shares were sold at an average price of $131.02, for a total transaction of $912,030.22. Following the completion of the sale, the chief executive officer now directly owns 162,381 shares in the company, valued at approximately $21,275,158.62. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Sabir Sami sold 71,051 shares of Yum! Brands stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $137.16, for a total transaction of $9,745,355.16. Following the transaction, the chief executive officer now directly owns 68 shares of the company's stock, valued at approximately $9,326.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David W. Gibbs sold 6,961 shares of the business's stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $131.02, for a total value of $912,030.22. Following the completion of the transaction, the chief executive officer now directly owns 162,381 shares in the company, valued at $21,275,158.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,629 shares of company stock worth $13,888,443. 0.31% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

YUM has been the topic of a number of analyst reports. The Goldman Sachs Group assumed coverage on shares of Yum! Brands in a research report on Thursday, June 13th. They set a "neutral" rating and a $150.00 target price on the stock. Robert W. Baird raised their price objective on Yum! Brands from $150.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 7th. TD Cowen reiterated a "buy" rating and set a $156.00 target price on shares of Yum! Brands in a research report on Thursday, September 12th. JPMorgan Chase & Co. raised their price target on Yum! Brands from $137.00 to $144.00 and gave the stock a "neutral" rating in a research report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Yum! Brands from $143.00 to $147.00 and gave the company a "hold" rating in a research note on Wednesday, August 7th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Yum! Brands currently has a consensus rating of "Hold" and an average target price of $145.25.

Yum! Brands Trading Up 3.7 %

Yum! Brands stock traded up $4.98 during trading hours on Thursday, hitting $138.07. 2,572,329 shares of the stock traded hands, compared to its average volume of 1,981,891. The company has a market cap of $38.82 billion, a PE ratio of 24.48, a PEG ratio of 2.05 and a beta of 1.08. The firm's 50-day moving average price is $133.52 and its two-hundred day moving average price is $135.38. Yum! Brands, Inc. has a one year low of $115.53 and a one year high of $143.20.

Yum! Brands (NYSE:YUM - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.80 billion. During the same quarter in the prior year, the company posted $1.41 earnings per share. On average, sell-side analysts expect that Yum! Brands, Inc. will post 5.61 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $2.68 dividend on an annualized basis and a yield of 1.94%. Yum! Brands's dividend payout ratio (DPR) is 47.52%.

Yum! Brands Company 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.