Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC cut its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 1.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 157,561 shares of the restaurant operator’s stock after selling 3,101 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.06% of Yum! Brands worth $22,013,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in YUM. Benjamin Edwards Inc. lifted its holdings in Yum! Brands by 86.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 4,032 shares of the restaurant operator’s stock worth $564,000 after buying an additional 1,871 shares during the last quarter. Aureus Asset Management LLC boosted its holdings in Yum! Brands by 78.0% in the third quarter. Aureus Asset Management LLC now owns 2,966 shares of the restaurant operator’s stock valued at $414,000 after purchasing an additional 1,300 shares in the last quarter. L.M. Kohn & Company increased its stake in Yum! Brands by 3.7% in the third quarter. L.M. Kohn & Company now owns 2,854 shares of the restaurant operator’s stock valued at $399,000 after purchasing an additional 103 shares during the last quarter. Infusive Asset Management Inc. raised its holdings in Yum! Brands by 15.1% during the third quarter. Infusive Asset Management Inc. now owns 43,419 shares of the restaurant operator’s stock worth $6,066,000 after purchasing an additional 5,684 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. boosted its holdings in shares of Yum! Brands by 12.3% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 94,810 shares of the restaurant operator’s stock valued at $13,246,000 after buying an additional 10,363 shares in the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on YUM. Redburn Atlantic cut shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Loop Capital dropped their price target on Yum! Brands from $143.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. 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. Bank of America dropped their target price on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased 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. Twelve 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 stock currently has a consensus rating of “Hold” and an average target price of $145.94.

Insider Buying and Selling

In other news, CEO David W. Gibbs sold 7,059 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $135.94, for a total value of $959,600.46. Following the completion of the sale, the chief executive officer now directly owns 149,385 shares in the company, valued at approximately $20,307,396.90. The trade was a 4.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 21,069 shares of company stock worth $2,842,965. 0.31% of the stock is currently owned by corporate insiders.

Yum! Brands Price Performance

NYSE YUM opened at $137.72 on Wednesday. The business’s 50-day simple moving average is $135.40 and its 200-day simple moving average is $134.46. The firm has a market capitalization of $38.43 billion, a P/E ratio of 25.74, a P/E/G ratio of 2.40 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 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). The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.90 billion. Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $1.44 earnings per share. On average, equities research analysts expect that Yum! Brands, Inc. will post 5.47 EPS for the current fiscal year.

Yum! Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.68 annualized dividend and a dividend yield of 1.95%. Yum! Brands’s dividend payout ratio is presently 50.09%.

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.