Diversified Trust Co Purchases 1,006 Shares of Yum! Brands, Inc. (NYSE:YUM)

Diversified Trust Co raised its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 30.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,327 shares of the restaurant operator’s stock after acquiring an additional 1,006 shares during the quarter. Diversified Trust Co’s holdings in Yum! Brands were worth $581,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Legal & General Group Plc grew its stake in Yum! Brands by 3.4% during the second quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock worth $419,123,000 after purchasing an additional 104,328 shares during the period. Marshall Wace LLP bought a new position in shares of Yum! Brands during the 2nd quarter worth approximately $7,645,000. Canada Pension Plan Investment Board grew its position in shares of Yum! Brands by 140.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 126,550 shares of the restaurant operator’s stock worth $16,763,000 after buying an additional 73,844 shares during the period. Toronto Dominion Bank increased its stake in shares of Yum! Brands by 15.5% in the 3rd quarter. Toronto Dominion Bank now owns 127,446 shares of the restaurant operator’s stock valued at $17,805,000 after acquiring an additional 17,133 shares in the last quarter. Finally, DoubleLine ETF Adviser LP acquired a new position in shares of Yum! Brands during the 2nd quarter valued at $984,000. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Yum! Brands news, CEO David W. Gibbs sold 7,059 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 149,385 shares of the company’s stock, valued at $20,307,396.90. This trade represents a 4.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders sold 17,879 shares of company stock worth $2,424,167. Insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on YUM. Bank of America reduced their price target on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Loop Capital decreased their target price on Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. TD Cowen reaffirmed a “hold” rating and set a $145.00 price target on shares of Yum! Brands in a research note on Wednesday, November 6th. Argus raised Yum! Brands from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research note on Tuesday, December 31st. Finally, Redburn Atlantic lowered Yum! Brands from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $145.61.

Yum! Brands Stock Performance

NYSE:YUM opened at $123.43 on Friday. Yum! Brands, Inc. has a 52 week low of $123.19 and a 52 week high of $143.20. The firm has a 50-day moving average price of $134.85 and a two-hundred day moving average price of $133.83. The firm has a market cap of $34.45 billion, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 2.37 and a beta of 1.11.

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 net margin of 21.13% and a negative return on equity of 18.93%. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the previous year, the business posted $1.44 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Yum! Brands, Inc. will post 5.47 earnings per share for the current year.

Yum! Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were given a dividend of $0.67 per share. The ex-dividend date was Monday, December 2nd. This represents a $2.68 annualized dividend and a yield of 2.17%. Yum! Brands’s payout ratio is currently 50.09%.

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.