HighTower Advisors LLC Sells 7,473 Shares of Yum! Brands, Inc. (NYSE:YUM)

HighTower Advisors LLC lowered its stake in shares of Yum! Brands, Inc. (NYSE:YUMFree Report) by 6.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,983 shares of the restaurant operator’s stock after selling 7,473 shares during the quarter. HighTower Advisors LLC’s holdings in Yum! Brands were worth $13,683,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Rise Advisors LLC increased its holdings in shares of Yum! Brands by 1,190.5% during the third quarter. Rise Advisors LLC now owns 271 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 250 shares in the last quarter. Clear Street Markets LLC increased its holdings in shares of Yum! Brands by 28,400.0% during the fourth quarter. Clear Street Markets LLC now owns 285 shares of the restaurant operator’s stock valued at $37,000 after acquiring an additional 284 shares in the last quarter. KB Financial Partners LLC acquired a new position in shares of Yum! Brands during the second quarter valued at about $41,000. Legacy Financial Group LLC acquired a new position in shares of Yum! Brands during the third quarter valued at about $40,000. Finally, Fred Alger Management LLC acquired a new position in shares of Yum! Brands during the fourth quarter valued at about $44,000. Institutional investors and hedge funds own 80.17% of the company’s stock.

Insider Activity

In other news, CEO David W. Gibbs sold 3,727 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $127.97, for a total transaction of $476,944.19. Following the transaction, the chief executive officer now owns 57,325 shares in the company, valued at approximately $7,335,880.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Yum! Brands news, CEO David W. Gibbs sold 3,756 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $129.21, for a total value of $485,312.76. Following the transaction, the chief executive officer now owns 57,325 shares in the company, valued at approximately $7,406,963.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David W. Gibbs sold 3,727 shares of Yum! Brands stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $127.97, for a total transaction of $476,944.19. Following the sale, the chief executive officer now directly owns 57,325 shares in the company, valued at approximately $7,335,880.25. The disclosure for this sale can be found here. Insiders have sold 21,194 shares of company stock worth $2,741,662 in the last quarter. Corporate insiders own 0.31% of the company’s stock.

Yum! Brands Price Performance

Shares of NYSE YUM opened at $131.36 on Tuesday. The stock has a market capitalization of $36.82 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 1.98 and a beta of 1.09. Yum! Brands, Inc. has a 12 month low of $115.53 and a 12 month high of $143.24. The firm’s 50 day simple moving average is $129.26 and its 200-day simple moving average is $127.55.

Yum! Brands (NYSE:YUMGet Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The restaurant operator reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.13). Yum! Brands had a negative return on equity of 17.76% and a net margin of 22.57%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period in the previous year, the business earned $1.31 EPS. Yum! Brands’s revenue for the quarter was up .8% compared to the same quarter last year. Analysts anticipate that Yum! Brands, Inc. will post 5.73 earnings per share for the current fiscal year.

Yum! Brands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Wednesday, February 21st will be given a dividend of $0.67 per share. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.04%. Yum! Brands’s dividend payout ratio (DPR) is 43.29%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on YUM. Citigroup increased their price target on shares of Yum! Brands from $164.00 to $166.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Stifel Nicolaus reiterated a “hold” rating and issued a $135.00 price target on shares of Yum! Brands in a report on Thursday, January 4th. Wells Fargo & Company downgraded shares of Yum! Brands from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $150.00 to $135.00 in a report on Thursday, January 11th. Royal Bank of Canada cut their price target on shares of Yum! Brands from $145.00 to $141.00 and set a “sector perform” rating on the stock in a report on Friday. Finally, Oppenheimer upgraded shares of Yum! Brands from a “market perform” rating to an “outperform” rating and set a $154.00 price target on the stock in a report on Friday, January 5th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $144.75.

View Our Latest Research Report on YUM

Yum! Brands Company Profile

(Free Report)

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. It 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.

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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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