Pitcairn Co. Sells 537 Shares of Yum! Brands, Inc. (NYSE:YUM)

Pitcairn Co. cut its position in Yum! Brands, Inc. (NYSE:YUM) by 6.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,778 shares of the restaurant operator’s stock after selling 537 shares during the quarter. Pitcairn Co.’s holdings in Yum! Brands were worth $1,087,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in YUM. Legal & General Group Plc grew its stake in shares of Yum! Brands by 3.4% in the second 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Yum! Brands by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,632,862 shares of the restaurant operator’s stock valued at $228,127,000 after purchasing an additional 6,537 shares during the period. Cantillon Capital Management LLC grew its position in shares of Yum! Brands by 3.8% during the 3rd quarter. Cantillon Capital Management LLC now owns 1,428,040 shares of the restaurant operator’s stock worth $199,511,000 after purchasing an additional 51,690 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Yum! Brands by 6.7% during the second quarter. Dimensional Fund Advisors LP now owns 930,402 shares of the restaurant operator’s stock worth $123,243,000 after purchasing an additional 58,437 shares during the period. Finally, Swiss National Bank raised its position in shares of Yum! Brands by 0.3% in the third quarter. Swiss National Bank now owns 835,800 shares of the restaurant operator’s stock valued at $116,770,000 after buying an additional 2,800 shares in the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.

Yum! Brands Stock Up 0.8 %

Shares of YUM stock opened at $135.27 on Monday. Yum! Brands, Inc. has a twelve month low of $123.70 and a twelve month high of $143.20. The stock’s fifty day simple moving average is $134.45 and its 200 day simple moving average is $134.47. The firm has a market capitalization of $37.75 billion, a P/E ratio of 25.28, a P/E/G ratio of 2.28 and a beta of 1.10.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the business earned $1.44 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts expect that Yum! Brands, Inc. will post 5.47 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be issued a $0.67 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 1.98%. Yum! Brands’s payout ratio is 50.09%.

Insider Activity at Yum! Brands

In other Yum! Brands 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 value 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 21,069 shares of company stock worth $2,842,965 over the last three months. Company insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

YUM has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Loop Capital decreased their price target on Yum! Brands from $143.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Redburn Atlantic cut shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Finally, Robert W. Baird upped their price target on shares of Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Twelve 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $145.94.

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.