UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Position in Yum! Brands, Inc. (NYSE:YUM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Yum! Brands, Inc. (NYSE:YUM) by 9.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,787,106 shares of the restaurant operator’s stock after selling 185,549 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.64% of Yum! Brands worth $249,677,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Deseret Mutual Benefit Administrators grew its stake in Yum! Brands by 3.9% during the second quarter. Deseret Mutual Benefit Administrators now owns 2,049 shares of the restaurant operator’s stock worth $271,000 after buying an additional 76 shares during the period. Legacy Financial Advisors Inc. lifted its holdings in shares of Yum! Brands by 2.2% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 3,460 shares of the restaurant operator’s stock valued at $458,000 after acquiring an additional 76 shares in the last quarter. Wesbanco Bank Inc. boosted its position in Yum! Brands by 1.9% during the 2nd quarter. Wesbanco Bank Inc. now owns 4,169 shares of the restaurant operator’s stock worth $552,000 after purchasing an additional 78 shares during the period. Diversified Trust Co increased its holdings in Yum! Brands by 2.4% in the 3rd quarter. Diversified Trust Co now owns 3,321 shares of the restaurant operator’s stock valued at $464,000 after purchasing an additional 79 shares in the last quarter. Finally, Marcum Wealth LLC lifted its stake in shares of Yum! Brands by 3.4% during the second quarter. Marcum Wealth LLC now owns 2,477 shares of the restaurant operator’s stock worth $328,000 after purchasing an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Insiders Place Their Bets

In other news, CEO David W. Gibbs sold 7,059 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $135.94, for a total transaction of $959,600.46. Following the completion of the transaction, the chief executive officer now directly owns 149,385 shares in the company, valued at approximately $20,307,396.90. The trade was a 4.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 21,069 shares of company stock worth $2,842,965. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

YUM has been the subject of a number of recent research reports. Loop Capital lowered their target price on Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. TD Cowen reissued a “hold” rating and set a $145.00 target price on shares of Yum! Brands in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price target on shares of Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Bank of America decreased their price objective on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft dropped their target price 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. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $145.94.

Yum! Brands Trading Down 0.3 %

NYSE:YUM opened at $138.94 on Friday. The firm has a market capitalization of $38.77 billion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 2.41 and a beta of 1.10. Yum! Brands, Inc. has a 52 week low of $123.70 and a 52 week high of $143.20. The stock has a 50 day moving average of $135.15 and a 200-day moving average of $134.55.

Yum! Brands (NYSE:YUM) last issued its earnings results 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). Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period in the prior year, the business earned $1.44 earnings per share. Yum! Brands’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, analysts predict that Yum! Brands, Inc. will post 5.47 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Monday, December 2nd. Yum! Brands’s payout ratio is 50.09%.

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.