Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. lessened its position in Yum! Brands, Inc. (NYSE:YUM) by 31.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 185 shares of the restaurant operator’s stock after selling 85 shares during the period. Meeder Asset Management Inc.’s holdings in Yum! Brands were worth $26,000 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. Crewe Advisors LLC bought a new stake in shares of Yum! Brands during the 1st quarter worth about $28,000. EntryPoint Capital LLC lifted its holdings in shares of Yum! Brands by 29.2% in the first quarter. EntryPoint Capital LLC now owns 416 shares of the restaurant operator’s stock valued at $58,000 after buying an additional 94 shares during the period. EP Wealth Advisors LLC boosted its stake in Yum! Brands by 4.6% during the first quarter. EP Wealth Advisors LLC now owns 13,708 shares of the restaurant operator’s stock valued at $1,901,000 after buying an additional 602 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in Yum! Brands by 82.9% during the first quarter. Axxcess Wealth Management LLC now owns 9,064 shares of the restaurant operator’s stock worth $1,257,000 after acquiring an additional 4,107 shares during the period. Finally, Advisors Asset Management Inc. raised its position in Yum! Brands by 11.6% in the first quarter. Advisors Asset Management Inc. now owns 44,376 shares of the restaurant operator’s stock worth $6,153,000 after acquiring an additional 4,613 shares in the last quarter. Institutional investors own 82.37% of the company’s stock.

Insider Transactions at Yum! Brands

In other news, CEO David W. Gibbs sold 7,005 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $134.43, for a total transaction of $941,682.15. Following the completion of the transaction, the chief executive officer now directly owns 152,634 shares of the company’s stock, valued at approximately $20,518,588.62. This trade represents a 4.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 21,069 shares of company stock valued at $2,842,965. 0.31% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Redburn Atlantic lowered shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Bank of America decreased their price target on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. TD Cowen reiterated a “hold” rating and issued a $145.00 target price on shares of Yum! Brands in a report on Wednesday, November 6th. Robert W. Baird boosted their price target on shares of Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Twelve analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $145.94.

Yum! Brands Stock Up 1.0 %

NYSE:YUM opened at $134.22 on Friday. The company’s 50 day moving average is $134.42 and its 200-day moving average is $134.50. Yum! Brands, Inc. has a 12 month low of $123.70 and a 12 month high of $143.20. The firm has a market cap of $37.46 billion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 2.22 and a beta of 1.10.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter last year, the firm earned $1.44 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. Research analysts predict that Yum! Brands, Inc. will post 5.48 EPS for the current fiscal year.

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.