Skandinaviska Enskilda Banken AB publ Reduces Holdings in Yum! Brands, Inc. (NYSE:YUM)

Skandinaviska Enskilda Banken AB publ lowered its stake in Yum! Brands, Inc. (NYSE:YUM) by 0.7% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 59,509 shares of the restaurant operator’s stock after selling 399 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Yum! Brands were worth $7,883,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Manchester Capital Management LLC boosted its stake in shares of Yum! Brands by 165.7% during the first quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 116 shares during the last quarter. Ruedi Wealth Management Inc. lifted its holdings in Yum! Brands by 79.8% in the 1st quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 83 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new stake in shares of Yum! Brands during the 1st quarter worth about $28,000. Crewe Advisors LLC purchased a new stake in shares of Yum! Brands during the first quarter worth about $28,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of 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 buying an additional 82 shares in the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Insider Activity at Yum! Brands

In related 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 value of $179,856.60. Following the completion of the transaction, the director now directly owns 1,233 shares in the company, valued at $169,414.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Yum! Brands news, CEO David W. Gibbs sold 6,961 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $131.02, for a total value of $912,030.22. Following the sale, the chief executive officer now directly owns 162,381 shares in the company, valued at $21,275,158.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Weir Mirian M. Graddick sold 1,309 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $137.40, for a total transaction of $179,856.60. Following the transaction, the director now directly owns 1,233 shares of the company’s stock, valued at $169,414.20. The disclosure for this sale can be found here. Insiders have sold 101,629 shares of company stock valued at $13,888,443 over the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on YUM shares. The Goldman Sachs Group started coverage on shares of Yum! Brands in a research report on Thursday, June 13th. They set a “neutral” rating and a $150.00 target price on the stock. Stifel Nicolaus lowered their price objective on Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft increased their target price on Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Morgan Stanley lowered their price target on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. Finally, Robert W. Baird increased their price objective on shares of Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Yum! Brands presently has an average rating of “Hold” and a consensus price target of $145.25.

Yum! Brands Price Performance

Shares of YUM opened at $129.71 on Friday. Yum! Brands, Inc. has a 12 month low of $115.53 and a 12 month high of $143.20. The stock has a market cap of $36.53 billion, a PE ratio of 23.00, a P/E/G ratio of 2.06 and a beta of 1.08. The stock’s 50-day moving average is $133.29 and its two-hundred day moving average is $135.53.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.02. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. During the same period last year, the business earned $1.41 EPS. On average, research analysts anticipate that Yum! Brands, Inc. will post 5.62 earnings per share for the current year.

Yum! Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum! Brands’s dividend payout ratio (DPR) is currently 47.52%.

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.