Fiduciary Trust Co Has $1.35 Million Stock Holdings in Yum! Brands, Inc. (NYSE:YUM)

Fiduciary Trust Co boosted its position in Yum! Brands, Inc. (NYSE:YUM) by 3.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 9,637 shares of the restaurant operator’s stock after acquiring an additional 319 shares during the period. Fiduciary Trust Co’s holdings in Yum! Brands were worth $1,346,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of YUM. DiNuzzo Private Wealth Inc. lifted its position in shares of Yum! Brands by 957.1% in the third quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 201 shares during the last quarter. Meeder Asset Management Inc. boosted its position in Yum! Brands by 43.6% during the second quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 82 shares during the period. Kimelman & Baird LLC acquired a new position in shares of Yum! Brands in the second quarter valued at $37,000. Iron Horse Wealth Management LLC raised its position in shares of Yum! Brands by 3,088.9% in the second quarter. Iron Horse Wealth Management LLC now owns 287 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 278 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Yum! Brands during the 2nd quarter worth about $39,000. Institutional investors own 82.37% of the company’s stock.

Insider Activity at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $134.43, for a total value of $941,682.15. Following the sale, the chief executive officer now 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 filing with the SEC, which is available at this link. In the last three months, insiders have sold 21,069 shares of company stock valued at $2,842,965. 0.31% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on YUM. Loop Capital decreased their price target on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. JPMorgan Chase & Co. upped their target price on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft dropped their price target on Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Robert W. Baird upped their price objective on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Redburn Atlantic downgraded Yum! Brands from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Twelve investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $145.94.

Yum! Brands Price Performance

Shares of YUM opened at $138.94 on Friday. The firm has a 50 day simple moving average of $135.15 and a two-hundred day simple moving average of $134.55. Yum! Brands, Inc. has a one year low of $123.70 and a one year high of $143.20. The company has a market cap of $38.77 billion, a P/E ratio of 25.97, a P/E/G ratio of 2.41 and a beta of 1.10.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the firm posted $1.44 EPS. Yum! Brands’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts expect that Yum! Brands, Inc. will post 5.47 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be paid a $0.67 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.93%. Yum! Brands’s payout ratio is currently 50.09%.

Yum! Brands Company 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.