Daymark Wealth Partners LLC Sells 261 Shares of Yum! Brands, Inc. (NYSE:YUM)

Daymark Wealth Partners LLC lowered its holdings in Yum! Brands, Inc. (NYSE:YUM) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,593 shares of the restaurant operator’s stock after selling 261 shares during the period. Daymark Wealth Partners LLC’s holdings in Yum! Brands were worth $482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Legal & General Group Plc grew its position in shares of Yum! Brands by 3.4% in the 2nd quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock valued at $419,123,000 after acquiring an additional 104,328 shares during the period. Marshall Wace LLP bought a new position in Yum! Brands in the 2nd quarter valued at about $7,645,000. Toronto Dominion Bank grew its position in shares of Yum! Brands by 15.5% in the third quarter. Toronto Dominion Bank now owns 127,446 shares of the restaurant operator’s stock valued at $17,805,000 after purchasing an additional 17,133 shares during the last quarter. DoubleLine ETF Adviser LP bought a new position in Yum! Brands during the 2nd quarter worth $984,000. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Yum! Brands during the third quarter worth $1,262,000. Institutional investors and hedge funds own 82.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their price target on Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Loop Capital dropped their target price on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Argus upgraded shares of 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. Redburn Atlantic cut Yum! Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $140.00 target price (down previously from $158.00) on shares of Yum! Brands in a research report on Tuesday. Thirteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $144.89.

Insider Buying and Selling

In other Yum! Brands news, CEO David W. Gibbs sold 3,815 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $137.06, for a total transaction of $522,883.90. Following the transaction, the chief executive officer now directly owns 149,385 shares in the company, valued at approximately $20,474,708.10. This represents a 2.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.31% of the stock is currently owned by insiders.

Yum! Brands Stock Performance

NYSE:YUM opened at $127.07 on Friday. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $143.20. The company has a 50 day simple moving average of $133.26 and a two-hundred day simple moving average of $133.55. The company has a market capitalization of $35.46 billion, a PE ratio of 23.75, a P/E/G ratio of 2.00 and a beta of 1.11.

Yum! Brands (NYSE:YUM) last posted 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). The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.90 billion. Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.44 earnings per share. Research analysts predict that Yum! Brands, Inc. will post 5.46 EPS for the current year.

Yum! Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Monday, December 2nd. Yum! Brands’s dividend payout ratio is 50.09%.

Yum! Brands Company 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.