Janney Montgomery Scott LLC Reduces Stock Position in Yum! Brands, Inc. (NYSE:YUM)

Janney Montgomery Scott LLC lessened its holdings in shares of Yum! Brands, Inc. (NYSE:YUMFree Report) by 4.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 47,886 shares of the restaurant operator’s stock after selling 1,975 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Yum! Brands were worth $5,983,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its position in Yum! Brands by 16.8% in the 2nd quarter. BlackRock Inc. now owns 24,692,484 shares of the restaurant operator’s stock worth $3,421,144,000 after purchasing an additional 3,549,709 shares during the last quarter. Capital International Investors boosted its stake in shares of Yum! Brands by 20.1% during the 2nd quarter. Capital International Investors now owns 13,169,962 shares of the restaurant operator’s stock worth $1,824,305,000 after acquiring an additional 2,207,942 shares in the last quarter. Capital World Investors boosted its stake in shares of Yum! Brands by 3.7% during the 2nd quarter. Capital World Investors now owns 13,112,434 shares of the restaurant operator’s stock worth $1,816,672,000 after acquiring an additional 468,081 shares in the last quarter. State Street Corp boosted its stake in shares of Yum! Brands by 4.6% during the 2nd quarter. State Street Corp now owns 11,490,727 shares of the restaurant operator’s stock worth $1,592,040,000 after acquiring an additional 507,054 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Yum! Brands by 3.2% during the 2nd quarter. Geode Capital Management LLC now owns 6,136,277 shares of the restaurant operator’s stock worth $848,921,000 after acquiring an additional 188,878 shares in the last quarter. 80.17% of the stock is owned by institutional investors and hedge funds.

Yum! Brands Price Performance

Yum! Brands stock opened at $130.27 on Monday. The company has a market capitalization of $36.52 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09. Yum! Brands, Inc. has a one year low of $115.53 and a one year high of $143.24. The business has a 50 day simple moving average of $129.14 and a 200 day simple moving average of $127.59.

Yum! Brands (NYSE:YUMGet Free Report) last posted its earnings results on Wednesday, February 7th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.13). The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.11 billion. Yum! Brands had a negative return on equity of 17.76% and a net margin of 22.57%. Yum! Brands’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business earned $1.31 EPS. Equities analysts anticipate that Yum! Brands, Inc. will post 5.73 earnings per share for the current fiscal year.

Yum! Brands Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Wednesday, February 21st will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Tuesday, February 20th. This is an increase from Yum! Brands’s previous quarterly dividend of $0.61. Yum! Brands’s dividend payout ratio (DPR) is 43.29%.

Insider Buying and Selling

In other Yum! Brands news, CEO David W. Gibbs sold 3,792 shares of Yum! Brands stock in a transaction on Friday, December 15th. The stock was sold at an average price of $130.17, for a total value of $493,604.64. Following the completion of the transaction, the chief executive officer now owns 57,325 shares in the company, valued at approximately $7,461,995.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Yum! Brands news, CEO David W. Gibbs sold 3,727 shares of Yum! Brands stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $127.97, for a total value of $476,944.19. Following the completion of the transaction, the chief executive officer now owns 57,325 shares in the company, valued at approximately $7,335,880.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David W. Gibbs sold 3,792 shares of Yum! Brands stock in a transaction on Friday, December 15th. The shares were sold at an average price of $130.17, for a total value of $493,604.64. Following the completion of the transaction, the chief executive officer now owns 57,325 shares of the company’s stock, valued at approximately $7,461,995.25. The disclosure for this sale can be found here. Insiders sold 11,275 shares of company stock worth $1,455,862 in the last 90 days. 0.31% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on YUM. Deutsche Bank Aktiengesellschaft initiated coverage on Yum! Brands in a research note on Thursday, October 19th. They set a “hold” rating and a $131.00 price target for the company. Royal Bank of Canada decreased their target price on Yum! Brands from $145.00 to $141.00 and set a “sector perform” rating for the company in a research note on Friday. Redburn Atlantic restated a “neutral” rating and set a $115.00 target price on shares of Yum! Brands in a research note on Friday, October 20th. Oppenheimer upgraded Yum! Brands from a “market perform” rating to an “outperform” rating and set a $154.00 target price for the company in a research note on Friday, January 5th. Finally, Citigroup increased their target price on Yum! Brands from $164.00 to $166.00 and gave the company a “buy” rating in a research note on Thursday. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Yum! Brands currently has an average rating of “Hold” and a consensus target price of $144.75.

Check Out Our Latest Research Report on YUM

About Yum! Brands

(Free Report)

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. It 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.

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

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