Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 3.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 105,845 shares of the restaurant operator’s stock after selling 4,270 shares during the period. Nisa Investment Advisors LLC’s holdings in Yum! Brands were worth $14,788,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in YUM. Vanguard Group Inc. increased its holdings 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 buying an additional 5,607,517 shares during the last quarter. Capital World Investors increased its holdings in shares of Yum! Brands by 23.7% during the 1st quarter. Capital World Investors now owns 18,121,611 shares of the restaurant operator’s stock worth $2,512,561,000 after buying an additional 3,470,883 shares during the last quarter. Cantillon Capital Management LLC purchased a new stake in Yum! Brands during the 1st quarter worth $200,668,000. Capital International Investors boosted its position in Yum! Brands by 10.2% during the 1st quarter. Capital International Investors now owns 14,669,356 shares of the restaurant operator’s stock worth $2,033,906,000 after purchasing an additional 1,362,813 shares during the period. Finally, TD Asset Management Inc boosted its position in Yum! Brands by 36.6% during the 1st quarter. TD Asset Management Inc now owns 2,174,526 shares of the restaurant operator’s stock worth $301,498,000 after purchasing an additional 582,267 shares during the period. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 sale, the chief executive officer now owns 68 shares in the company, valued at $9,326.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 sale, the chief executive officer now owns 68 shares in the company, valued at $9,326.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David W. Gibbs sold 7,069 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $137.92, for a total transaction of $974,956.48. Following the sale, the chief executive officer now owns 159,132 shares in the company, valued at approximately $21,947,485.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,673 shares of company stock worth $13,918,095 over the last quarter. 0.31% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on YUM. TD Cowen cut shares of Yum! Brands from a “buy” rating to a “hold” rating and decreased their price target for the stock from $156.00 to $145.00 in a research report on Wednesday, October 16th. Bank of America decreased their price target on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. Stifel Nicolaus decreased their price target 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. JPMorgan Chase & Co. upped their price target on shares of Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $146.44.

Yum! Brands Stock Performance

Shares of YUM stock opened at $133.97 on Wednesday. Yum! Brands, Inc. has a one year low of $119.26 and a one year high of $143.20. The company’s 50-day simple moving average is $134.56 and its 200-day simple moving average is $134.99. The stock has a market capitalization of $37.67 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 2.09 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 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 business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the company posted $1.41 earnings per share. As a group, research analysts forecast that Yum! Brands, Inc. will post 5.59 EPS for the current year.

Yum! Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were given a dividend of $0.67 per share. The ex-dividend date was Tuesday, August 27th. This represents a $2.68 annualized dividend and a dividend yield of 2.00%. Yum! Brands’s payout ratio is 49.08%.

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.