ClearAlpha Technologies LP Has $724,000 Stock Position in Yum! Brands, Inc. (NYSE:YUM)

ClearAlpha Technologies LP cut its position in Yum! Brands, Inc. (NYSE:YUM) by 9.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,184 shares of the restaurant operator’s stock after selling 533 shares during the quarter. ClearAlpha Technologies LP’s holdings in Yum! Brands were worth $724,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of YUM. Los Angeles Capital Management LLC increased its stake 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 worth $25,445,000 after purchasing an additional 178,612 shares during the period. International Assets Investment Management LLC grew its holdings in Yum! Brands by 14,151.9% in the 3rd quarter. International Assets Investment Management LLC now owns 148,220 shares of the restaurant operator’s stock valued at $20,708,000 after buying an additional 147,180 shares during the last quarter. Legal & General Group Plc increased its position in Yum! Brands by 3.4% in the 2nd 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 period. AMF Tjanstepension AB acquired a new position in shares of Yum! Brands during the second quarter worth approximately $12,846,000. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Yum! Brands by 140.1% during the second quarter. Canada Pension Plan Investment Board now owns 126,550 shares of the restaurant operator’s stock worth $16,763,000 after buying an additional 73,844 shares during the last quarter. Institutional investors own 82.37% of the company’s stock.

Yum! Brands Stock Performance

Shares of YUM stock opened at $138.94 on Monday. The stock’s fifty day moving average is $135.15 and its 200-day moving average is $134.51. Yum! Brands, Inc. has a 52 week low of $123.70 and a 52 week high of $143.20. The stock has a market capitalization of $38.77 billion, a PE ratio of 25.97, a PEG ratio of 2.40 and a beta of 1.10.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data 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). Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the previous year, the business posted $1.44 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. As a group, analysts forecast that Yum! Brands, Inc. will post 5.47 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.93%. The ex-dividend date is Monday, December 2nd. Yum! Brands’s dividend payout ratio is 50.09%.

Wall Street Analyst Weigh In

YUM has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their target price on shares of Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. TD Cowen reaffirmed a “hold” rating and set a $145.00 price objective on shares of Yum! Brands in a research report on Wednesday, November 6th. Loop Capital reduced their target price on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Bank of America lowered their price target on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $145.94.

Insider Buying and Selling at Yum! Brands

In related news, CEO David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $134.43, for a total value of $941,682.15. Following the completion of the sale, the chief executive officer now directly owns 152,634 shares in the company, valued at $20,518,588.62. This trade represents a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders have sold 21,069 shares of company stock worth $2,842,965. 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.