Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group decreased its position in Yum! Brands, Inc. (NYSE:YUM) by 1.4% during the 3rd quarter, Holdings Channel reports. The firm owned 7,189 shares of the restaurant operator’s stock after selling 103 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Yum! Brands were worth $1,004,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Legal & General Group Plc grew its stake in 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 last quarter. Marshall Wace LLP acquired a new stake in shares of Yum! Brands in the second quarter valued at approximately $7,645,000. Canada Pension Plan Investment Board grew its position in shares of Yum! Brands by 140.1% in the second quarter. Canada Pension Plan Investment Board now owns 126,550 shares of the restaurant operator’s stock valued at $16,763,000 after purchasing an additional 73,844 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position 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 purchasing an additional 7,814 shares during the last quarter. Finally, DoubleLine ETF Adviser LP acquired a new position in shares of Yum! Brands during the 2nd quarter worth approximately $984,000. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Insider Activity at Yum! Brands

In related 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 transaction, the chief executive officer now directly owns 149,385 shares of the company’s stock, valued at approximately $20,307,396.90. The trade was a 4.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 21,069 shares of company stock worth $2,842,965. 0.31% of the stock is currently owned by corporate insiders.

Yum! Brands Trading Up 0.2 %

Shares of Yum! Brands stock opened at $138.54 on Thursday. The business’s fifty day moving average price is $135.43 and its 200 day moving average price is $134.45. Yum! Brands, Inc. has a twelve month low of $124.76 and a twelve month high of $143.20. The stock has a market capitalization of $38.66 billion, a P/E ratio of 25.90, a PEG ratio of 2.39 and a beta of 1.10.

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

Yum! Brands Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on YUM shares. TD Cowen reissued a “hold” rating and set a $145.00 price target on shares of Yum! Brands in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Bank of America lowered their price target on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. JPMorgan Chase & Co. upped their price objective on shares of Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Finally, Redburn Atlantic lowered shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $145.94.

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.