GLOBALT Investments LLC GA Decreases Stake in Yum! Brands, Inc. (NYSE:YUM)

GLOBALT Investments LLC GA trimmed its holdings in Yum! Brands, Inc. (NYSE:YUM) by 4.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 6,330 shares of the restaurant operator’s stock after selling 301 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Yum! Brands were worth $884,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of YUM. Capital World Investors boosted its stake in Yum! Brands by 23.7% during the first 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. Capital International Investors raised its holdings in shares of 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 acquiring an additional 1,362,813 shares during the period. Epoch Investment Partners Inc. boosted its position in shares of Yum! Brands by 34.1% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,681,933 shares of the restaurant operator’s stock valued at $233,200,000 after acquiring an additional 427,487 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Yum! Brands by 5,077.1% in the third quarter. Los Angeles Capital Management LLC now owns 182,130 shares of the restaurant operator’s stock valued at $25,445,000 after purchasing an additional 178,612 shares during the period. Finally, International Assets Investment Management LLC increased its position in Yum! Brands by 14,151.9% during the third quarter. International Assets Investment Management LLC now owns 148,220 shares of the restaurant operator’s stock worth $20,708,000 after purchasing an additional 147,180 shares during the last quarter. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO David W. Gibbs sold 7,059 shares of Yum! Brands stock in a transaction on Friday, November 15th. The shares were sold at an average price of $135.94, for a total transaction 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 approximately $20,307,396.90. The trade was a 4.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 21,069 shares of company stock worth $2,842,965. Company insiders own 0.31% of the company’s stock.

Yum! Brands Stock Up 0.3 %

NYSE:YUM opened at $134.01 on Tuesday. Yum! Brands, Inc. has a 52 week low of $123.70 and a 52 week high of $143.20. The company has a fifty day simple moving average of $134.44 and a two-hundred day simple moving average of $134.53. The company has a market cap of $37.40 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 2.25 and a beta of 1.10.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.04). The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. Yum! Brands’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.44 EPS. On average, analysts expect that Yum! Brands, Inc. will post 5.48 EPS for the current year.

Analysts Set New Price Targets

YUM has been the topic of several recent analyst reports. Loop Capital decreased their target price 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. Bank of America decreased their price objective on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. TD Cowen reissued a “hold” rating and set a $145.00 target price on shares of Yum! Brands in a research note on Wednesday, November 6th. JPMorgan Chase & Co. upped their price target on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Finally, Redburn Atlantic cut Yum! Brands from a “strong-buy” rating to a “hold” rating in a 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $145.94.

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.