Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. decreased its position in Yum! Brands, Inc. (NYSE:YUM) by 4.5% during the 4th quarter, Holdings Channel reports. The fund owned 8,125 shares of the restaurant operator’s stock after selling 387 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Yum! Brands were worth $1,090,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in YUM. Legacy Financial Advisors Inc. raised its holdings in shares of Yum! Brands by 2.2% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 3,460 shares of the restaurant operator’s stock valued at $458,000 after purchasing an additional 76 shares in the last quarter. Diversified Trust Co boosted its position in shares of Yum! Brands by 2.4% during the 3rd quarter. Diversified Trust Co now owns 3,321 shares of the restaurant operator’s stock worth $464,000 after acquiring an additional 79 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Yum! Brands by 43.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 82 shares during the last quarter. Anchor Investment Management LLC increased its holdings in shares of Yum! Brands by 7.4% in the 3rd quarter. Anchor Investment Management LLC now owns 1,329 shares of the restaurant operator’s stock valued at $186,000 after acquiring an additional 92 shares during the last quarter. Finally, Occidental Asset Management LLC increased its stake in Yum! Brands by 2.5% in the third quarter. Occidental Asset Management LLC now owns 3,880 shares of the restaurant operator’s stock valued at $542,000 after purchasing an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Yum! Brands Stock Down 2.4 %

Shares of YUM stock opened at $130.18 on Tuesday. Yum! Brands, Inc. has a fifty-two week low of $124.76 and a fifty-two week high of $143.20. The business has a fifty day simple moving average of $135.32 and a 200-day simple moving average of $134.03. The stock has a market cap of $36.33 billion, a P/E ratio of 24.33, a P/E/G ratio of 2.37 and a beta of 1.11.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the prior year, the company earned $1.44 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Yum! Brands, Inc. will post 5.47 earnings per share for the current year.

Yum! Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were given a $0.67 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.68 annualized dividend and a dividend yield of 2.06%. Yum! Brands’s dividend payout ratio is currently 50.09%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. TD Cowen reaffirmed a “hold” rating and issued a $145.00 target price on shares of Yum! Brands in a research report on Wednesday, November 6th. Argus raised Yum! Brands from a “hold” rating to a “buy” rating and set a $155.00 target price for the company in a report on Tuesday, December 31st. Redburn Atlantic cut Yum! Brands from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft cut their price target on Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Finally, Bank of America decreased their price objective on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Yum! Brands currently has a consensus rating of “Hold” and a consensus target price of $146.00.

Insider Activity at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,059 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $135.94, for a total transaction of $959,600.46. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 17,879 shares of company stock valued at $2,424,167 over the last quarter. Insiders own 0.31% of the company’s stock.

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.