Yum! Brands, Inc. (NYSE:YUM) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale cut its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 599,543 shares of the restaurant operator’s stock after selling 14,669 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.21% of Yum! Brands worth $79,392,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ruedi Wealth Management Inc. boosted its position in Yum! Brands by 79.8% during the first quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 83 shares during the last quarter. Manchester Capital Management LLC boosted its position in Yum! Brands by 165.7% during the first quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 116 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new position in Yum! Brands during the first quarter worth about $28,000. Crewe Advisors LLC acquired a new position in Yum! Brands during the first quarter worth about $28,000. Finally, Meeder Asset Management Inc. raised its stake in Yum! Brands by 43.6% during the second quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 82 shares during the period. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Yum! Brands Trading Up 0.2 %

Shares of NYSE YUM opened at $133.64 on Friday. The stock has a market cap of $37.58 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 2.04 and a beta of 1.08. Yum! Brands, Inc. has a 52 week low of $115.53 and a 52 week high of $143.20. The company’s 50-day moving average price is $133.02 and its 200 day moving average price is $135.78.

Yum! Brands (NYSE:YUM) last released its earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.02. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the company earned $1.41 earnings per share. As a group, research analysts expect that Yum! Brands, Inc. will post 5.62 earnings per share for the current year.

Yum! Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were paid a dividend of $0.67 per share. The ex-dividend date was Tuesday, August 27th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.01%. Yum! Brands’s dividend payout ratio is currently 47.52%.

Insider Activity

In other news, CEO Sabir Sami sold 71,051 shares of Yum! Brands stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $137.16, for a total transaction of $9,745,355.16. Following the sale, the chief executive officer now owns 68 shares in the company, valued at $9,326.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Yum! Brands news, CEO Sabir Sami sold 71,051 shares of Yum! Brands stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $137.16, for a total value of $9,745,355.16. Following the completion of the transaction, the chief executive officer now owns 68 shares of the company’s stock, valued at $9,326.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Weir Mirian M. Graddick sold 1,309 shares of the business’s stock in a transaction on Monday, August 19th. The shares were 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 of the company’s stock, valued at approximately $169,414.20. The disclosure for this sale can be found here. Insiders have sold 101,685 shares of company stock worth $13,910,094 over the last 90 days. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on YUM. Morgan Stanley reduced their target price on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. TD Cowen reaffirmed a “buy” rating and set a $156.00 target price on shares of Yum! Brands in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Evercore ISI downgraded shares of Yum! Brands from an “outperform” rating to an “inline” rating and reduced their price target for the company from $160.00 to $145.00 in a research note on Tuesday, July 16th. Finally, Stifel Nicolaus cut their target price on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Yum! Brands presently has an average rating of “Hold” and an average target price of $145.00.

About Yum! Brands

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.