OneAscent Wealth Management LLC Buys New Stake in Yum! Brands, Inc. (NYSE:YUM)

OneAscent Wealth Management LLC purchased a new position in shares of Yum! Brands, Inc. (NYSE:YUM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,215 shares of the restaurant operator’s stock, valued at approximately $309,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Capital World Investors lifted its holdings in Yum! Brands by 23.7% in the first quarter. Capital World Investors now owns 18,121,611 shares of the restaurant operator’s stock worth $2,512,561,000 after purchasing an additional 3,470,883 shares during the period. Capital International Investors lifted its stake in shares of Yum! Brands by 10.2% in the 1st quarter. Capital International Investors now owns 14,669,356 shares of the restaurant operator’s stock worth $2,033,906,000 after acquiring an additional 1,362,813 shares during the period. Legal & General Group Plc lifted its stake in shares of Yum! Brands by 3.4% in the 2nd quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock worth $419,123,000 after acquiring an additional 104,328 shares during the period. Epoch Investment Partners Inc. boosted its holdings in shares of Yum! Brands by 34.1% in the first quarter. Epoch Investment Partners Inc. now owns 1,681,933 shares of the restaurant operator’s stock valued at $233,200,000 after acquiring an additional 427,487 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Yum! Brands by 6.7% during the second quarter. Dimensional Fund Advisors LP now owns 930,402 shares of the restaurant operator’s stock valued at $123,243,000 after acquiring an additional 58,437 shares during the period. Institutional investors own 82.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on YUM shares. JPMorgan Chase & Co. increased their price target on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Redburn Atlantic cut shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. TD Cowen restated a “hold” rating and set a $145.00 price objective on shares of Yum! Brands in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Finally, Robert W. Baird raised their target price on shares of Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $145.94.

Insider Buying and Selling

In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of the business’s 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last ninety days, insiders 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 opened at $134.01 on Tuesday. The business’s 50-day moving average is $134.44 and its 200-day moving average is $134.53. The company has a market capitalization of $37.40 billion, a price-to-earnings ratio of 25.05, a P/E/G ratio of 2.25 and a beta of 1.10. Yum! Brands, Inc. has a fifty-two week low of $123.70 and a fifty-two week high of $143.20.

Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share 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 analyst estimates of $1.90 billion. Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.44 EPS. Equities research analysts expect that Yum! Brands, Inc. will post 5.48 earnings per share for the current fiscal year.

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.