Stock Yards Bank & Trust Co. Sells 4,260 Shares of Yum! Brands, Inc. (NYSE:YUM)

Stock Yards Bank & Trust Co. lowered its stake in Yum! Brands, Inc. (NYSE:YUM) by 13.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,212 shares of the restaurant operator’s stock after selling 4,260 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Yum! Brands were worth $3,651,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in YUM. Safe Harbor Fiduciary LLC purchased a new stake in shares of Yum! Brands in the third quarter valued at about $29,000. DiNuzzo Private Wealth Inc. increased its holdings in Yum! Brands by 957.1% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 201 shares during the last quarter. Morse Asset Management Inc purchased a new stake in shares of Yum! Brands during the 3rd quarter valued at approximately $42,000. Global Wealth Strategies & Associates grew its position in shares of Yum! Brands by 649.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 367 shares of the restaurant operator’s stock valued at $49,000 after purchasing an additional 318 shares in the last quarter. Finally, Bruce G. Allen Investments LLC lifted its holdings in shares of Yum! Brands by 44.6% in the third quarter. Bruce G. Allen Investments LLC now owns 441 shares of the restaurant operator’s stock worth $62,000 after buying an additional 136 shares in the last quarter. Institutional investors own 82.37% of the company’s stock.

Insider Activity

In related news, CEO David W. Gibbs sold 3,815 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $137.06, for a total value of $522,883.90. Following the sale, the chief executive officer now owns 149,385 shares of the company’s stock, valued at approximately $20,474,708.10. This trade represents a 2.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Oppenheimer increased their target price on Yum! Brands from $154.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Morgan Stanley reissued an “equal weight” rating and set a $140.00 price objective (down previously from $158.00) on shares of Yum! Brands in a research report on Tuesday, January 21st. Redburn Atlantic lowered shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Loop Capital dropped their price objective on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Thirteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $144.89.

Yum! Brands Price Performance

Yum! Brands stock opened at $130.48 on Monday. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $143.20. The company has a market cap of $36.41 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 2.14 and a beta of 1.11. The stock’s 50 day moving average price is $132.60 and its 200 day moving average price is $133.58.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The company had revenue of $1.83 billion during 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 business’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned $1.44 earnings per share. On average, equities research analysts anticipate that Yum! Brands, Inc. will post 5.46 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were paid a $0.67 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.05%. Yum! Brands’s dividend payout ratio (DPR) is currently 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.