Daymark Wealth Partners LLC Has $482,000 Position in Yum! Brands, Inc. (NYSE:YUM)

Daymark Wealth Partners LLC cut its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,593 shares of the restaurant operator’s stock after selling 261 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Yum! Brands were worth $482,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in YUM. Safe Harbor Fiduciary LLC acquired a new stake in shares of Yum! Brands during the 3rd quarter worth approximately $29,000. DiNuzzo Private Wealth Inc. lifted its position in Yum! Brands by 957.1% in the third quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 201 shares during the period. Kimelman & Baird LLC acquired a new stake in Yum! Brands during the second quarter worth $37,000. Strategic Investment Solutions Inc. IL bought a new stake in Yum! Brands in the 2nd quarter valued at $39,000. Finally, Morse Asset Management Inc acquired a new position in shares of Yum! Brands in the 3rd quarter valued at $42,000. 82.37% of the stock is currently owned by institutional investors.

Yum! Brands Stock Up 0.7 %

YUM stock opened at $127.07 on Friday. Yum! Brands, Inc. has a twelve month low of $122.13 and a twelve month high of $143.20. The company has a market cap of $35.46 billion, a P/E ratio of 23.75, a PEG ratio of 2.00 and a beta of 1.11. The business has a fifty day moving average of $133.26 and a 200-day moving average of $133.55.

Yum! Brands (NYSE:YUM) last announced 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). Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the prior year, the company earned $1.44 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts anticipate that Yum! Brands, Inc. will post 5.46 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date was Monday, December 2nd. Yum! Brands’s dividend payout ratio (DPR) is currently 50.09%.

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,059 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $135.94, for a total value of $959,600.46. Following the completion of the transaction, the chief executive officer now directly owns 149,385 shares of the company’s stock, valued at approximately $20,307,396.90. The trade was a 4.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

YUM has been the topic of a number of analyst reports. Bank of America lowered their target price on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lowered their price objective on Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. TD Cowen restated a “hold” rating and set a $145.00 target price on shares of Yum! Brands in a research report on Wednesday, November 6th. Argus upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research report on Tuesday, December 31st. Finally, Oppenheimer increased their price objective on Yum! Brands from $154.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Thirteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Yum! Brands has an average rating of “Hold” and an average price target of $144.89.

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.