Yum! Brands, Inc. (NYSE:YUM) Stock Position Lifted by Occidental Asset Management LLC

Occidental Asset Management LLC lifted its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,880 shares of the restaurant operator’s stock after purchasing an additional 96 shares during the quarter. Occidental Asset Management LLC’s holdings in Yum! Brands were worth $542,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of YUM. Vanguard Group Inc. increased its stake in shares of Yum! Brands by 24.0% during the first quarter. Vanguard Group Inc. now owns 29,012,969 shares of the restaurant operator’s stock valued at $4,022,648,000 after acquiring an additional 5,607,517 shares during the period. Capital World Investors increased its position in shares of Yum! Brands by 23.7% during the 1st quarter. Capital World Investors now owns 18,121,611 shares of the restaurant operator’s stock valued at $2,512,561,000 after purchasing an additional 3,470,883 shares during the period. Cantillon Capital Management LLC bought a new stake in shares of Yum! Brands in the 1st quarter worth $200,668,000. Capital International Investors lifted its holdings in shares of Yum! Brands by 10.2% in the first quarter. Capital International Investors now owns 14,669,356 shares of the restaurant operator’s stock valued at $2,033,906,000 after buying an additional 1,362,813 shares during the period. Finally, TD Asset Management Inc lifted its holdings in shares of Yum! Brands by 36.6% in the first quarter. TD Asset Management Inc now owns 2,174,526 shares of the restaurant operator’s stock valued at $301,498,000 after buying an additional 582,267 shares during the period. Institutional investors and hedge funds own 82.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on YUM. Evercore ISI cut shares of Yum! Brands from an “outperform” rating to an “inline” rating and dropped their price target for the stock from $160.00 to $145.00 in a research report on Tuesday, July 16th. JPMorgan Chase & Co. raised their target price on shares of Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Morgan Stanley cut their price objective on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. Finally, Robert W. Baird boosted their target price on Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $145.25.

Insider Activity at Yum! Brands

In other Yum! Brands news, CEO Sabir Sami sold 71,051 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $137.16, for a total value of $9,745,355.16. Following the transaction, the chief executive officer now directly owns 68 shares of the company’s stock, valued at $9,326.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO David W. Gibbs sold 7,005 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $134.43, for a total transaction of $941,682.15. Following the transaction, the chief executive officer now owns 155,883 shares in the company, valued at approximately $20,955,351.69. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sabir Sami sold 71,051 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $137.16, for a total transaction of $9,745,355.16. Following the completion of the sale, the chief executive officer now owns 68 shares of the company’s stock, valued at $9,326.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 94,668 shares of company stock valued at $12,976,413. Insiders own 0.31% of the company’s stock.

Yum! Brands Price Performance

NYSE:YUM opened at $134.65 on Tuesday. The stock’s 50-day moving average is $135.27 and its two-hundred day moving average is $135.32. The stock has a market cap of $37.92 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 2.04 and a beta of 1.08. Yum! Brands, Inc. has a fifty-two week low of $117.11 and a fifty-two week high of $143.20.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the firm posted $1.41 earnings per share. On average, equities research analysts anticipate that Yum! Brands, Inc. will post 5.61 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. Investors of record on Tuesday, August 27th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $2.68 annualized dividend and a dividend yield of 1.99%. Yum! Brands’s dividend payout ratio is 47.52%.

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.