Bleakley Financial Group LLC Sells 371 Shares of Yum! Brands, Inc. (NYSE:YUM)

Bleakley Financial Group LLC lessened its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 2.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,280 shares of the restaurant operator’s stock after selling 371 shares during the quarter. Bleakley Financial Group LLC’s holdings in Yum! Brands were worth $1,855,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in YUM. Vanguard Group Inc. boosted its position in shares of Yum! Brands by 24.0% during the 1st quarter. Vanguard Group Inc. now owns 29,012,969 shares of the restaurant operator’s stock worth $4,022,648,000 after purchasing an additional 5,607,517 shares in the last quarter. Capital World Investors lifted its position in Yum! Brands by 23.7% in 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 acquiring an additional 3,470,883 shares in the last quarter. Cantillon Capital Management LLC bought a new position in Yum! Brands in the 1st quarter valued at about $200,668,000. Capital International Investors lifted its position in Yum! Brands by 10.2% in the 1st quarter. Capital International Investors now owns 14,669,356 shares of the restaurant operator’s stock valued at $2,033,906,000 after acquiring an additional 1,362,813 shares in the last quarter. Finally, TD Asset Management Inc lifted its position in Yum! Brands by 36.6% in the 1st quarter. TD Asset Management Inc now owns 2,174,526 shares of the restaurant operator’s stock valued at $301,498,000 after acquiring an additional 582,267 shares in the last quarter. Institutional investors own 82.37% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Robert W. Baird raised their price target on shares of Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Evercore ISI cut shares of Yum! Brands from an “outperform” rating to an “inline” rating and dropped their price target for the company from $160.00 to $145.00 in a research report on Tuesday, July 16th. Stifel Nicolaus dropped their price target on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Morgan Stanley dropped their price target on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. raised their price target on shares of Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $144.56.

Yum! Brands Stock Up 0.4 %

Shares of YUM stock opened at $134.27 on Friday. The company has a 50 day moving average of $135.02 and a 200-day moving average of $135.17. Yum! Brands, Inc. has a 12-month low of $118.28 and a 12-month high of $143.20. The firm has a market cap of $37.81 billion, a P/E ratio of 23.81, a PEG ratio of 2.06 and a beta of 1.08.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $1.80 billion. During the same quarter last year, the business posted $1.41 EPS. As a group, equities analysts expect that Yum! Brands, Inc. will post 5.61 EPS for the current year.

Yum! Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were paid a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $2.68 dividend on an annualized basis and a yield of 2.00%. Yum! Brands’s dividend payout ratio is 47.52%.

Insider Activity at Yum! Brands

In related news, insider Scott Catlett sold 8,234 shares of Yum! Brands stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $137.79, for a total value of $1,134,562.86. Following the completion of the transaction, the insider now directly owns 29,159 shares in the company, valued at approximately $4,017,818.61. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Scott Catlett sold 8,234 shares of Yum! Brands stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $137.79, for a total value of $1,134,562.86. Following the completion of the transaction, the insider now directly owns 29,159 shares in the company, valued at approximately $4,017,818.61. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Weir Mirian M. Graddick sold 1,309 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $137.40, for a total transaction of $179,856.60. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,673 shares of company stock worth $13,918,095. Corporate insiders own 0.31% of the company’s stock.

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.