Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Centennial Bank AR

Centennial Bank AR lowered its stake in Yum! Brands, Inc. (NYSE:YUM) by 7.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,800 shares of the restaurant operator’s stock after selling 145 shares during the quarter. Centennial Bank AR’s holdings in Yum! Brands were worth $251,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Yum! Brands by 24.0% during the first quarter. Vanguard Group Inc. now owns 29,012,969 shares of the restaurant operator’s stock valued at $4,022,648,000 after purchasing an additional 5,607,517 shares during the period. Capital World Investors boosted its position in Yum! Brands by 23.7% in the 1st quarter. Capital World Investors now owns 18,121,611 shares of the restaurant operator’s stock valued at $2,512,561,000 after buying an additional 3,470,883 shares during the last quarter. Capital International Investors lifted its stake in shares of Yum! Brands by 10.2% in the first quarter. Capital International Investors now owns 14,669,356 shares of the restaurant operator’s stock worth $2,033,906,000 after acquiring an additional 1,362,813 shares in the last quarter. Sustainable Growth Advisers LP boosted its holdings in Yum! Brands by 2.1% in the first quarter. Sustainable Growth Advisers LP now owns 5,939,663 shares of the restaurant operator’s stock valued at $823,534,000 after purchasing an additional 121,285 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in Yum! Brands by 3.4% during 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 purchasing an additional 104,328 shares in the last quarter. 82.37% of the stock is currently owned by hedge funds and other institutional investors.

Yum! Brands Trading Up 0.9 %

NYSE YUM opened at $132.34 on Monday. The company has a 50-day moving average price of $134.30 and a two-hundred day moving average price of $134.87. Yum! Brands, Inc. has a 52 week low of $122.79 and a 52 week high of $143.20. The stock has a market cap of $37.21 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 2.06 and a beta of 1.10.

Yum! Brands (NYSE:YUM) last posted its earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, beating the consensus estimate of $1.33 by $0.02. Yum! Brands had a negative return on equity of 18.90% and a net margin of 21.96%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the firm earned $1.41 EPS. As a group, equities research analysts expect that Yum! Brands, Inc. will post 5.59 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.03%. The ex-dividend date was Tuesday, August 27th. Yum! Brands’s payout ratio is currently 49.08%.

Insider Activity at Yum! Brands

In other news, CEO David W. Gibbs sold 7,005 shares of the company’s 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 completion of 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 represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Weir Mirian M. Graddick sold 1,309 shares of Yum! Brands stock in a transaction 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 transaction, the director now directly owns 1,233 shares in the company, valued at approximately $169,414.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David W. Gibbs sold 7,005 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $134.43, for a total value of $941,682.15. Following the completion of the sale, the chief executive officer now directly owns 155,883 shares in the company, valued at $20,955,351.69. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,673 shares of company stock worth $13,918,095 in the last 90 days. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

YUM has been the subject of a number of research analyst reports. Evercore ISI lowered shares of Yum! Brands from an “outperform” rating to an “inline” rating and dropped their price target for the stock from $160.00 to $145.00 in a research note on Tuesday, July 16th. JPMorgan Chase & Co. increased their price target on shares of Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Robert W. Baird boosted their price objective on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Morgan Stanley decreased their target price on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. Finally, Stifel Nicolaus dropped 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. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Yum! Brands presently has a consensus rating of “Hold” and a consensus target price of $146.44.

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.