Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lowered its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 33.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,533 shares of the restaurant operator’s stock after selling 2,257 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Yum! Brands were worth $633,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Ruedi Wealth Management Inc. lifted its stake in Yum! Brands by 79.8% during the first quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 83 shares during the last quarter. Manchester Capital Management LLC lifted its stake in Yum! Brands by 165.7% during the first quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 116 shares during the last quarter. Redmont Wealth Advisors LLC bought a new position in Yum! Brands during the first quarter worth $28,000. Crewe Advisors LLC bought a new position in Yum! Brands during the first quarter worth $28,000. Finally, Meeder Asset Management Inc. lifted its stake 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 last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Insider Buying and Selling

In related news, CEO David W. Gibbs sold 7,069 shares of Yum! Brands stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $137.92, for a total value of $974,956.48. Following the transaction, the chief executive officer now owns 159,132 shares of the company’s stock, valued at approximately $21,947,485.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction, the chief executive officer now owns 152,634 shares of the company’s stock, valued at approximately $20,518,588.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David W. Gibbs sold 7,069 shares of Yum! Brands stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $137.92, for a total value of $974,956.48. Following the completion of the transaction, the chief executive officer now directly owns 159,132 shares in the company, valued at $21,947,485.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,673 shares of company stock valued at $13,918,095 over the last three months. Company insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on YUM shares. Stifel Nicolaus cut their target price on Yum! Brands from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. JPMorgan Chase & Co. raised their target price on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Robert W. Baird raised their target price on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Evercore ISI cut Yum! Brands from an “outperform” rating to an “inline” rating and cut their target price for the company from $160.00 to $145.00 in a research note on Tuesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Yum! Brands from $143.00 to $147.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $144.56.

Yum! Brands Stock Up 0.4 %

NYSE:YUM opened at $134.27 on Friday. The business’s 50-day moving average price is $135.02 and its 200 day moving average price is $135.21. The firm has a market cap of $37.81 billion, a P/E ratio of 23.81, a PEG ratio of 2.06 and a beta of 1.08. Yum! Brands, Inc. has a 52-week low of $118.28 and a 52-week high of $143.20.

Yum! Brands (NYSE:YUM) last released its earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.02. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. Yum! Brands had a negative return on equity of 18.90% and a net margin of 21.96%. During the same period in the previous year, the company earned $1.41 earnings per share. Sell-side analysts expect that Yum! Brands, Inc. will post 5.61 EPS for the current year.

Yum! Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Tuesday, August 27th. Yum! Brands’s payout ratio is currently 47.52%.

About Yum! Brands

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.