2,274 Shares in Yum! Brands, Inc. (YUM) Purchased by ProVise Management Group LLC

ProVise Management Group LLC bought a new stake in Yum! Brands, Inc. (NYSE:YUM) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,274 shares of the restaurant operator’s stock, valued at approximately $207,000.

Other institutional investors also recently modified their holdings of the company. Asset Advisors Investment Management LLC purchased a new position in Yum! Brands in the third quarter valued at about $136,000. Willingdon Wealth Management increased its holdings in Yum! Brands by 2,110.0% in the third quarter. Willingdon Wealth Management now owns 1,768 shares of the restaurant operator’s stock valued at $161,000 after buying an additional 1,688 shares in the last quarter. Legacy Financial Advisors Inc. increased its holdings in Yum! Brands by 54.3% in the third quarter. Legacy Financial Advisors Inc. now owns 2,057 shares of the restaurant operator’s stock valued at $187,000 after buying an additional 724 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in Yum! Brands in the second quarter valued at about $199,000. Finally, Douglass Winthrop Advisors LLC purchased a new position in Yum! Brands in the third quarter valued at about $201,000. 71.08% of the stock is owned by institutional investors.

In related news, CFO David W. Gibbs sold 6,369 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $87.83, for a total transaction of $559,389.27. Following the sale, the chief financial officer now owns 47,701 shares in the company, valued at $4,189,578.83. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David W. Gibbs sold 6,366 shares of the firm’s stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $87.87, for a total transaction of $559,380.42. Following the sale, the chief financial officer now owns 47,764 shares in the company, valued at approximately $4,197,022.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,075 shares of company stock worth $1,779,370. 0.63% of the stock is owned by company insiders.

YUM has been the topic of several research reports. BMO Capital Markets reiterated a “hold” rating and issued a $88.00 price target on shares of Yum! Brands in a research report on Friday, August 3rd. ValuEngine upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. UBS Group set a $99.00 price target on shares of Yum! Brands and gave the company a “buy” rating in a research report on Monday, September 10th. KeyCorp initiated coverage on shares of Yum! Brands in a research report on Wednesday, October 3rd. They issued a “sector weight” rating on the stock. Finally, BTIG Research increased their price target on shares of Yum! Brands from $92.00 to $102.00 and gave the company a “buy” rating in a research report on Wednesday, October 10th. Thirteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $91.00.

Shares of NYSE YUM opened at $90.46 on Friday. Yum! Brands, Inc. has a 1 year low of $75.88 and a 1 year high of $92.21. The company has a market cap of $27.90 billion, a P/E ratio of 30.56, a PEG ratio of 1.86 and a beta of 0.85.

Yum! Brands (NYSE:YUM) last announced its earnings results on Wednesday, October 31st. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.21. Yum! Brands had a net margin of 28.81% and a negative return on equity of 17.89%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the business earned $0.68 earnings per share. Yum! Brands’s revenue was down 3.1% compared to the same quarter last year. Analysts forecast that Yum! Brands, Inc. will post 3.7 EPS for the current year.

Yum! Brands announced that its Board of Directors has initiated a share buyback program on Friday, August 10th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the restaurant operator to reacquire up to 7.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

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Yum! Brands Company Profile

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

Read More: What is a stock buyback?

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

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