1,790 Shares in Yum! Brands, Inc. (NYSE:YUM) Purchased by Atlanta Consulting Group Advisors LLC

Atlanta Consulting Group Advisors LLC bought a new stake in shares of Yum! Brands, Inc. (NYSE:YUM) in the third quarter, Holdings Channel reports. The fund bought 1,790 shares of the restaurant operator’s stock, valued at approximately $250,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Legal & General Group Plc raised its holdings 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 in the last quarter. Marshall Wace LLP bought a new position in shares of Yum! Brands in the 2nd quarter worth $7,645,000. Canada Pension Plan Investment Board raised its position in shares of Yum! Brands by 140.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 126,550 shares of the restaurant operator’s stock valued at $16,763,000 after buying an additional 73,844 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Yum! Brands by 18.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 50,807 shares of the restaurant operator’s stock worth $6,730,000 after acquiring an additional 7,814 shares during the last quarter. Finally, DoubleLine ETF Adviser LP bought a new position in shares of Yum! Brands during the 2nd quarter valued at about $984,000. 82.37% of the stock is currently owned by institutional investors.

Insider Transactions at Yum! Brands

In related news, CEO David W. Gibbs sold 7,005 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $134.43, for a total transaction of $941,682.15. Following the completion of the transaction, the chief executive officer now directly owns 152,634 shares of the company’s stock, valued at approximately $20,518,588.62. This represents a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on YUM shares. Stifel Nicolaus dropped their target price on Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft dropped their price target on Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Redburn Atlantic downgraded Yum! Brands from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Robert W. Baird lifted their target price on shares of Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Twelve investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $145.94.

Yum! Brands Stock Performance

NYSE:YUM opened at $133.59 on Monday. Yum! Brands, Inc. has a 52-week low of $123.70 and a 52-week high of $143.20. The firm has a market capitalization of $37.28 billion, a PE 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 (NYSE:YUM) last announced its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. Yum! Brands’s revenue was up 6.9% on a year-over-year basis. Equities analysts forecast that Yum! Brands, Inc. will post 5.48 earnings per share for the current fiscal year.

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.