Farmers Trust Co. Sells 361 Shares of Yum! Brands, Inc. (NYSE:YUM)

Farmers Trust Co. lessened its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 5.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,111 shares of the restaurant operator’s stock after selling 361 shares during the period. Farmers Trust Co.’s holdings in Yum! Brands were worth $854,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Ruedi Wealth Management Inc. raised its position in Yum! Brands by 79.8% during 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. Manchester Capital Management LLC increased 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 buying an additional 116 shares during the period. Redmont Wealth Advisors LLC bought a new stake in shares of Yum! Brands in the first quarter valued at about $28,000. Crewe Advisors LLC purchased a new stake in Yum! Brands in the first quarter worth about $28,000. Finally, Meeder Asset Management Inc. grew its holdings in Yum! Brands by 43.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Wall Street Analyst Weigh In

YUM has been the subject of several recent research reports. TD Cowen restated a “buy” rating and issued a $156.00 price target on shares of Yum! Brands in a report on Thursday, September 12th. Evercore ISI lowered Yum! Brands from an “outperform” rating to an “inline” rating and lowered their target price for the stock from $160.00 to $145.00 in a report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft increased their target price on Yum! Brands from $143.00 to $147.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Robert W. Baird boosted their price target on Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Stifel Nicolaus dropped their price objective on Yum! Brands from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Yum! Brands has a consensus rating of “Hold” and an average target price of $145.25.

Yum! Brands Trading Down 1.7 %

NYSE YUM opened at $137.21 on Friday. Yum! Brands, Inc. has a 12-month low of $115.53 and a 12-month high of $143.20. The company has a fifty day simple moving average of $134.92 and a two-hundred day simple moving average of $135.41. The stock has a market cap of $38.58 billion, a P/E ratio of 24.33, a P/E/G ratio of 2.14 and a beta of 1.08.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.02. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm posted $1.41 EPS. As a group, sell-side analysts forecast that Yum! Brands, Inc. will post 5.61 earnings per share for the current year.

Yum! Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were issued a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $2.68 annualized dividend and a yield of 1.95%. Yum! Brands’s dividend payout ratio (DPR) is presently 47.52%.

Insiders Place Their Bets

In other news, CEO David W. Gibbs sold 7,005 shares of the company’s stock in a transaction on Monday, September 16th. 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 directly owns 155,883 shares of the company’s stock, valued at approximately $20,955,351.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Weir Mirian M. Graddick sold 1,309 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $137.40, for a total transaction of $179,856.60. Following the sale, the director now directly owns 1,233 shares of the company’s stock, valued at $169,414.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO David W. Gibbs sold 7,005 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $134.43, for a total transaction of $941,682.15. Following the sale, the chief executive officer now directly owns 155,883 shares in the company, valued at approximately $20,955,351.69. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,629 shares of company stock valued at $13,888,443. 0.31% of the stock is owned by insiders.

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.