Carnegie Capital Asset Management LLC Sells 1,362 Shares of Yum! Brands, Inc. (NYSE:YUM)

Carnegie Capital Asset Management LLC reduced its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 36.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,331 shares of the restaurant operator’s stock after selling 1,362 shares during the period. Carnegie Capital Asset Management LLC’s holdings in Yum! Brands were worth $305,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Yum! Brands in the fourth quarter valued at about $315,239,000. Moneta Group Investment Advisors LLC grew its position in shares of Yum! Brands by 75,766.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,640,982 shares of the restaurant operator’s stock valued at $210,177,000 after purchasing an additional 1,638,819 shares during the last quarter. Deutsche Bank AG grew its position in shares of Yum! Brands by 121.8% in the third quarter. Deutsche Bank AG now owns 1,819,809 shares of the restaurant operator’s stock valued at $227,367,000 after purchasing an additional 999,443 shares during the last quarter. Capital World Investors grew its position in shares of Yum! Brands by 19.6% in the first quarter. Capital World Investors now owns 5,507,237 shares of the restaurant operator’s stock valued at $652,773,000 after purchasing an additional 901,181 shares during the last quarter. Finally, Morgan Stanley grew its position in shares of Yum! Brands by 27.3% in the fourth quarter. Morgan Stanley now owns 3,257,809 shares of the restaurant operator’s stock valued at $417,260,000 after purchasing an additional 698,493 shares during the last quarter. 82.37% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO David W. Gibbs sold 7,078 shares of Yum! Brands stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $138.37, for a total value of $979,382.86. Following the completion of the transaction, the chief executive officer now owns 172,128 shares in the company, valued at $23,817,351.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO David W. Gibbs sold 7,078 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $138.37, for a total value of $979,382.86. Following the completion of the transaction, the chief executive officer now owns 172,128 shares in the company, valued at approximately $23,817,351.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David W. Gibbs sold 7,067 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $136.34, for a total transaction of $963,514.78. Following the completion of the transaction, the chief executive officer now owns 175,377 shares of the company’s stock, valued at approximately $23,910,900.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,064 shares of company stock worth $3,228,698. Insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on YUM. Citigroup raised their price target on Yum! Brands from $164.00 to $166.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Barclays decreased their target price on Yum! Brands from $146.00 to $144.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. Argus reissued a “hold” rating on shares of Yum! Brands in a research report on Wednesday, April 10th. Royal Bank of Canada decreased their target price on Yum! Brands from $145.00 to $141.00 and set a “sector perform” rating on the stock in a research report on Friday, February 9th. Finally, JPMorgan Chase & Co. lifted their target price on Yum! Brands from $133.00 to $134.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $145.00.

Yum! Brands Trading Down 0.1 %

NYSE:YUM opened at $137.83 on Thursday. Yum! Brands, Inc. has a 1 year low of $115.53 and a 1 year high of $143.24. The firm has a 50 day moving average of $136.91 and a 200-day moving average of $130.02. The stock has a market capitalization of $38.80 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 2.18 and a beta of 1.10.

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

Yum! Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Wednesday, February 21st were paid a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.94%. This is a boost from Yum! Brands’s previous quarterly dividend of $0.61. Yum! Brands’s payout ratio is 47.94%.

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.