Greenleaf Trust Sells 240 Shares of Yum! Brands, Inc. (NYSE:YUM)

Greenleaf Trust trimmed its holdings in Yum! Brands, Inc. (NYSE:YUM) by 2.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,258 shares of the restaurant operator’s stock after selling 240 shares during the period. Greenleaf Trust’s holdings in Yum! Brands were worth $1,293,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in YUM. Ruedi Wealth Management Inc. grew its position in Yum! Brands by 79.8% in 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 in the last quarter. Manchester Capital Management LLC grew its position in Yum! Brands by 165.7% in 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 in the last quarter. Redmont Wealth Advisors LLC bought a new stake in Yum! Brands in the first quarter worth approximately $28,000. Crewe Advisors LLC bought a new stake in Yum! Brands in the first quarter worth approximately $28,000. Finally, DiNuzzo Private Wealth Inc. grew its position in Yum! Brands by 957.1% in the third quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 201 shares in the last quarter. 82.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

YUM has been the subject of several recent research reports. Stifel Nicolaus decreased their target price on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. upped their price objective 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. Robert W. Baird upped their price objective 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. Finally, Morgan Stanley decreased their price objective on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. Ten equities research 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.com, the company presently has a consensus rating of “Hold” and an average price target of $146.44.

Yum! Brands Stock Performance

Shares of YUM stock opened at $133.16 on Friday. Yum! Brands, Inc. has a 52-week low of $118.28 and a 52-week high of $143.20. The stock has a market cap of $37.44 billion, a price-to-earnings ratio of 24.39, a P/E/G ratio of 2.07 and a beta of 1.08. The firm has a fifty day moving average of $134.84 and a 200-day moving average of $135.10.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (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 company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the prior year, the company posted $1.41 EPS. On average, sell-side analysts predict that Yum! Brands, Inc. will post 5.6 earnings per share for the current year.

Yum! Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Tuesday, August 27th. Yum! Brands’s dividend payout ratio is 49.08%.

Insider Activity

In other news, CEO Sabir Sami sold 71,051 shares of the 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 in the company, valued at approximately $9,326.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Sabir Sami sold 71,051 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 68 shares in the company, valued at $9,326.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Weir Mirian M. Graddick sold 1,309 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $137.40, for a total transaction of $179,856.60. Following the sale, the director now owns 1,233 shares of the company’s stock, valued at $169,414.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 101,673 shares of company stock worth $13,918,095. 0.31% of the stock is currently owned by corporate insiders.

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.