Victory Capital Management Inc. Has $199.93 Million Stock Position in Yum! Brands, Inc. (NYSE:YUM)

Victory Capital Management Inc. lessened its position in Yum! Brands, Inc. (NYSE:YUM) by 34.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,431,000 shares of the restaurant operator’s stock after selling 762,160 shares during the period. Victory Capital Management Inc.’s holdings in Yum! Brands were worth $199,925,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of YUM. Legal & General Group Plc raised its holdings 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 buying an additional 104,328 shares during the last quarter. Marshall Wace LLP acquired a new position in Yum! Brands during the 2nd quarter valued at about $7,645,000. Canada Pension Plan Investment Board increased its holdings in 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 purchasing an additional 73,844 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Yum! Brands by 1.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 333,131 shares of the restaurant operator’s stock worth $44,000,000 after purchasing an additional 5,137 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Yum! Brands by 18.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 50,807 shares of the restaurant operator’s stock valued at $6,730,000 after purchasing an additional 7,814 shares in the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, Director Weir Mirian M. Graddick sold 1,309 shares of Yum! Brands stock in a transaction that occurred 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 completion of the sale, the director now directly owns 1,233 shares in the company, valued at $169,414.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Yum! Brands news, Director Weir Mirian M. Graddick sold 1,309 shares of Yum! Brands stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $137.40, for a total transaction of $179,856.60. Following the completion of the sale, the director now owns 1,233 shares of the company’s stock, valued at $169,414.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David W. Gibbs sold 7,005 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $134.43, for a total value of $941,682.15. Following the completion of the transaction, the chief executive officer now owns 155,883 shares of the company’s stock, valued at $20,955,351.69. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,388 shares of company stock valued at $3,038,177 in the last 90 days. Corporate insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Loop Capital cut their price target on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Morgan Stanley decreased their target price on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. Stifel Nicolaus decreased their price objective on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a report on Monday, July 22nd. TD Cowen reiterated a “hold” rating and issued a $145.00 target price on shares of Yum! Brands in a research note on Wednesday, November 6th. Finally, Evercore ISI lowered shares of Yum! Brands from an “outperform” rating to an “inline” rating and decreased their price target for the stock from $160.00 to $145.00 in a research note on Tuesday, July 16th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $145.94.

Yum! Brands Trading Down 1.4 %

Shares of Yum! Brands stock traded down $1.96 on Tuesday, reaching $134.66. The stock had a trading volume of 386,751 shares, compared to its average volume of 1,941,208. The business’s 50 day moving average is $134.35 and its two-hundred day moving average is $134.69. The company has a market cap of $37.86 billion, a P/E ratio of 25.54, a price-to-earnings-growth ratio of 2.24 and a beta of 1.10. Yum! Brands, Inc. has a 1 year low of $123.70 and a 1 year high of $143.20.

Yum! Brands (NYSE:YUM) last announced 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). The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.90 billion. Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.44 earnings per share. On average, equities analysts anticipate that Yum! Brands, Inc. will post 5.49 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders 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 1.99%. Yum! Brands’s dividend 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.