Frank Rimerman Advisors LLC Cuts Holdings in Yum! Brands, Inc. $YUM

Frank Rimerman Advisors LLC lowered its stake in Yum! Brands, Inc. (NYSE:YUM) by 11.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,556 shares of the restaurant operator’s stock after selling 471 shares during the period. Frank Rimerman Advisors LLC’s holdings in Yum! Brands were worth $527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC lifted its stake in Yum! Brands by 8.0% in the fourth quarter. Brighton Jones LLC now owns 7,861 shares of the restaurant operator’s stock worth $1,055,000 after acquiring an additional 583 shares during the last quarter. Kestra Private Wealth Services LLC raised its holdings in shares of Yum! Brands by 41.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 8,573 shares of the restaurant operator’s stock valued at $1,349,000 after purchasing an additional 2,497 shares in the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of Yum! Brands by 144.7% during the 1st quarter. J.W. Cole Advisors Inc. now owns 8,902 shares of the restaurant operator’s stock worth $1,401,000 after purchasing an additional 5,264 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of Yum! Brands by 3.4% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 21,549 shares of the restaurant operator’s stock worth $3,391,000 after purchasing an additional 711 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of Yum! Brands by 8.8% during the first quarter. Allianz Asset Management GmbH now owns 49,887 shares of the restaurant operator’s stock worth $7,850,000 after purchasing an additional 4,047 shares in the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO David W. Gibbs sold 7,176 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $149.80, for a total transaction of $1,074,964.80. Following the completion of the sale, the chief executive officer owned 102,893 shares in the company, valued at approximately $15,413,371.40. This represents a 6.52% 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. Also, CEO Scott Mezvinsky sold 1,755 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $148.81, for a total value of $261,161.55. The disclosure for this sale is available in the SEC filing. Insiders have sold 37,870 shares of company stock worth $5,657,495 over the last 90 days. 0.33% of the stock is owned by corporate insiders.

Yum! Brands Stock Down 0.4%

NYSE:YUM opened at $148.23 on Thursday. The company has a market capitalization of $41.16 billion, a PE ratio of 29.24, a P/E/G ratio of 2.08 and a beta of 0.73. Yum! Brands, Inc. has a 52-week low of $122.13 and a 52-week high of $163.30. The stock’s 50 day moving average price is $147.03 and its 200 day moving average price is $146.30.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.12. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.96 billion. Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%.The company’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.37 earnings per share. As a group, sell-side analysts anticipate that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. The Goldman Sachs Group restated a “buy” rating and issued a $177.00 price target on shares of Yum! Brands in a research note on Wednesday, November 5th. Royal Bank Of Canada assumed coverage on Yum! Brands in a research report on Wednesday, October 8th. They set a “sector perform” rating and a $165.00 target price on the stock. Morgan Stanley set a $165.00 price target on Yum! Brands in a report on Tuesday, October 21st. Gordon Haskett raised shares of Yum! Brands to a “hold” rating in a report on Wednesday, November 5th. Finally, BMO Capital Markets boosted their price objective on shares of Yum! Brands from $150.00 to $155.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 5th. Thirteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, Yum! Brands presently has an average rating of “Moderate Buy” and an average target price of $167.38.

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.