CIBC Asset Management Inc Acquires 2,235 Shares of Yum! Brands, Inc. (NYSE:YUM)

CIBC Asset Management Inc raised its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 3.2% in the third quarter, HoldingsChannel.com reports. The firm owned 72,097 shares of the restaurant operator’s stock after buying an additional 2,235 shares during the period. CIBC Asset Management Inc’s holdings in Yum! Brands were worth $10,063,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Yum! Brands by 24.0% during the 1st quarter. Vanguard Group Inc. now owns 29,012,969 shares of the restaurant operator’s stock worth $4,022,648,000 after acquiring an additional 5,607,517 shares during the last quarter. Capital World Investors lifted its holdings in Yum! Brands by 23.7% during the first quarter. Capital World Investors now owns 18,121,611 shares of the restaurant operator’s stock valued at $2,512,561,000 after purchasing an additional 3,470,883 shares during the last quarter. Capital International Investors lifted its holdings in Yum! Brands by 10.2% during the first quarter. Capital International Investors now owns 14,669,356 shares of the restaurant operator’s stock valued at $2,033,906,000 after purchasing an additional 1,362,813 shares during the last quarter. Epoch Investment Partners Inc. lifted its holdings in Yum! Brands by 34.1% during 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 purchasing an additional 427,487 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in Yum! Brands by 5,077.1% during the third quarter. Los Angeles Capital Management LLC now owns 182,130 shares of the restaurant operator’s stock valued at $25,445,000 after purchasing an additional 178,612 shares during the last quarter. Institutional investors own 82.37% of the company’s stock.

Insiders Place Their Bets

In other news, Director Weir Mirian M. Graddick sold 1,309 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $137.40, for a total transaction of $179,856.60. Following the completion of the sale, the director now owns 1,233 shares of the company’s stock, valued at approximately $169,414.20. This represents a 51.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David W. Gibbs sold 7,005 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $134.43, for a total value of $941,682.15. Following the sale, the chief executive officer now directly owns 155,883 shares of the company’s stock, valued at approximately $20,955,351.69. This trade represents a 4.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,319 shares of company stock valued at $2,063,221 over the last quarter. 0.31% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. TD Cowen reaffirmed a “hold” rating and set a $145.00 price objective on shares of Yum! Brands in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft dropped their price objective 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. Stifel Nicolaus decreased their price target on Yum! Brands from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Robert W. Baird upped their price target on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. upped their price target on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $145.94.

Yum! Brands Price Performance

Shares of YUM opened at $133.59 on Friday. The firm has a market cap of $37.28 billion, a P/E ratio of 24.97, a P/E/G ratio of 2.25 and a beta of 1.10. The stock has a 50 day simple moving average of $134.42 and a two-hundred day simple moving average of $134.54. Yum! Brands, Inc. has a 1 year low of $123.70 and a 1 year high of $143.20.

Yum! Brands (NYSE:YUM) last issued its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.04). The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.44 EPS. On average, equities analysts anticipate that Yum! Brands, Inc. will post 5.48 earnings per share for the current year.

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.