Yum! Brands, Inc. (NYSE:YUM) Shares Sold by TIAA Trust National Association

TIAA Trust National Association lessened its holdings in shares of Yum! Brands, Inc. (NYSE:YUMFree Report) by 90.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,459 shares of the restaurant operator’s stock after selling 104,754 shares during the quarter. TIAA Trust National Association’s holdings in Yum! Brands were worth $1,367,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. RB Capital Management LLC grew its position in shares of Yum! Brands by 9.7% in the 1st quarter. RB Capital Management LLC now owns 4,890 shares of the restaurant operator’s stock worth $580,000 after acquiring an additional 431 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Yum! Brands by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 761,575 shares of the restaurant operator’s stock worth $90,284,000 after acquiring an additional 3,024 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Yum! Brands in the 1st quarter worth approximately $664,000. Moors & Cabot Inc. grew its position in shares of Yum! Brands by 7.4% in the 1st quarter. Moors & Cabot Inc. now owns 7,530 shares of the restaurant operator’s stock worth $893,000 after acquiring an additional 517 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in shares of Yum! Brands by 10.8% in the 1st quarter. Brown Brothers Harriman & Co. now owns 2,862 shares of the restaurant operator’s stock worth $339,000 after acquiring an additional 279 shares in the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Yum! Brands Price Performance

Shares of Yum! Brands stock opened at $139.05 on Thursday. The business’s fifty day moving average price is $135.12 and its two-hundred day moving average price is $129.11. The company has a market capitalization of $39.12 billion, a P/E ratio of 24.87, a PEG ratio of 2.22 and a beta of 1.10. Yum! Brands, Inc. has a 1-year low of $115.53 and a 1-year high of $143.24.

Yum! Brands (NYSE:YUMGet Free Report) last announced its earnings results on Wednesday, February 7th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.13). The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.11 billion. Yum! Brands had a net margin of 22.57% and a negative return on equity of 17.76%. The firm’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.31 EPS. On average, research analysts expect that Yum! Brands, Inc. will post 5.72 earnings per share for the current fiscal year.

Yum! Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Wednesday, February 21st were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Tuesday, February 20th. This is an increase from Yum! Brands’s previous quarterly dividend of $0.61. Yum! Brands’s payout ratio is currently 47.94%.

Wall Street Analyst Weigh In

YUM has been the subject of several research reports. 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 report on Friday, January 5th. Barclays cut their price target on Yum! Brands from $146.00 to $144.00 and set an “overweight” rating on the stock in a report on Thursday, February 8th. Guggenheim raised their price target on Yum! Brands from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Royal Bank of Canada cut their price target on Yum! Brands from $145.00 to $141.00 and set a “sector perform” rating on the stock in a report on Friday, February 9th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $135.00 price target on shares of Yum! Brands in a report on Thursday, January 4th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $145.00.

Read Our Latest Stock Analysis on Yum! Brands

Insider Transactions at Yum! Brands

In other news, VP David Eric Russell sold 9,919 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $129.63, for a total value of $1,285,799.97. Following the sale, the vice president now owns 18,661 shares of the company’s stock, valued at approximately $2,419,025.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP David Eric Russell sold 9,919 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $129.63, for a total value of $1,285,799.97. Following the sale, the vice president now owns 18,661 shares of the company’s stock, valued at approximately $2,419,025.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David W. Gibbs sold 7,067 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $136.34, for a total value of $963,514.78. Following the completion of the sale, the chief executive officer now directly owns 175,377 shares in the company, valued at approximately $23,910,900.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,742 shares of company stock valued at $2,734,628. Corporate insiders own 0.31% of the company’s stock.

About Yum! Brands

(Free Report)

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.

Further Reading

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

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