Wealthfront Advisers LLC Boosts Holdings in Yum! Brands, Inc. (NYSE:YUM)

Wealthfront Advisers LLC lifted its stake in Yum! Brands, Inc. (NYSE:YUM) by 32.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,873 shares of the restaurant operator’s stock after buying an additional 3,869 shares during the period. Wealthfront Advisers LLC’s holdings in Yum! Brands were worth $1,800,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of YUM. Atwater Malick LLC purchased a new position in shares of Yum! Brands in the 3rd quarter valued at $26,000. Liberty Wealth Management LLC grew its position in shares of Yum! Brands by 302.1% in the 2nd quarter. Liberty Wealth Management LLC now owns 386 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 290 shares during the last quarter. Certified Advisory Corp purchased a new position in shares of Yum! Brands in the 2nd quarter valued at $44,000. TRUE Private Wealth Advisors purchased a new position in shares of Yum! Brands in the 2nd quarter valued at $54,000. Finally, Bay Harbor Wealth Management LLC purchased a new position in shares of Yum! Brands in the 2nd quarter valued at $58,000. 75.32% of the stock is currently owned by hedge funds and other institutional investors.

In other news, President David W. Gibbs sold 1,583 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $113.37, for a total value of $179,464.71. Following the completion of the sale, the president now owns 43,279 shares in the company, valued at approximately $4,906,540.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Scott Catlett sold 1,015 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $116.63, for a total transaction of $118,379.45. Following the completion of the sale, the general counsel now owns 5,376 shares of the company’s stock, valued at approximately $627,002.88. The disclosure for this sale can be found here. Insiders sold a total of 22,959 shares of company stock valued at $2,657,189 in the last 90 days. Company insiders own 0.67% of the company’s stock.

A number of research firms recently commented on YUM. Edward Jones downgraded shares of Yum! Brands from a “buy” rating to a “hold” rating in a research report on Monday, July 1st. Goldman Sachs Group began coverage on shares of Yum! Brands in a research report on Monday, July 29th. They issued a “neutral” rating and a $115.00 target price on the stock. MKM Partners began coverage on shares of Yum! Brands in a research report on Tuesday, August 13th. They issued a “neutral” rating and a $125.00 target price on the stock. BMO Capital Markets increased their target price on shares of Yum! Brands to $112.00 and gave the company a “market perform” rating in a research report on Friday, August 2nd. They noted that the move was a valuation call. Finally, Evercore ISI reaffirmed a “buy” rating and issued a $130.00 target price on shares of Yum! Brands in a research report on Tuesday, August 13th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $110.65.

Shares of Yum! Brands stock opened at $111.48 on Thursday. Yum! Brands, Inc. has a 1 year low of $84.53 and a 1 year high of $119.72. The company has a market capitalization of $34.33 billion, a P/E ratio of 35.17, a PEG ratio of 2.38 and a beta of 0.50. The company’s fifty day moving average is $114.36 and its two-hundred day moving average is $109.38.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.06. Yum! Brands had a net margin of 24.29% and a negative return on equity of 13.02%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the firm posted $0.82 EPS. Yum! Brands’s revenue for the quarter was down 4.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Yum! Brands, Inc. will post 3.87 earnings per share for the current year.

About Yum! Brands

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.

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

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