Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 3.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,503 shares of the restaurant operator’s stock after selling 3,980 shares during the quarter. Handelsbanken Fonder AB’s holdings in Yum! Brands were worth $13,001,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Global Retirement Partners LLC raised its position in Yum! Brands by 14.1% in the 4th quarter. Global Retirement Partners LLC now owns 631 shares of the restaurant operator’s stock valued at $82,000 after purchasing an additional 78 shares in the last quarter. Calamos Wealth Management LLC raised its position in Yum! Brands by 5.0% in the 4th quarter. Calamos Wealth Management LLC now owns 1,692 shares of the restaurant operator’s stock valued at $221,000 after purchasing an additional 80 shares in the last quarter. Perigon Wealth Management LLC raised its position in Yum! Brands by 1.0% in the 4th quarter. Perigon Wealth Management LLC now owns 8,003 shares of the restaurant operator’s stock valued at $1,046,000 after purchasing an additional 81 shares in the last quarter. Claro Advisors LLC raised its position in Yum! Brands by 0.9% in the 4th quarter. Claro Advisors LLC now owns 8,847 shares of the restaurant operator’s stock valued at $1,156,000 after purchasing an additional 83 shares in the last quarter. Finally, Cozad Asset Management Inc. raised its position in Yum! Brands by 3.8% in the 3rd quarter. Cozad Asset Management Inc. now owns 2,439 shares of the restaurant operator’s stock valued at $305,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Yum! Brands Price Performance

Shares of NYSE:YUM opened at $140.10 on Wednesday. The stock has a market cap of $39.44 billion, a P/E ratio of 25.06, a P/E/G ratio of 2.19 and a beta of 1.10. The firm has a fifty day moving average price of $137.56 and a 200 day moving average price of $130.54. Yum! Brands, Inc. has a 1-year low of $115.53 and a 1-year high of $143.24.

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

Insider Transactions at Yum! Brands

In other news, CEO David W. Gibbs sold 7,078 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $138.37, for a total value of $979,382.86. Following the completion of the sale, the chief executive officer now owns 172,128 shares in the company, valued at approximately $23,817,351.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO David W. Gibbs sold 7,078 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $138.37, for a total value of $979,382.86. Following the completion of the sale, the chief executive officer now owns 172,128 shares in the company, valued at approximately $23,817,351.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David Eric Russell sold 9,919 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $129.63, for a total transaction of $1,285,799.97. Following the completion of the sale, the vice president now owns 18,661 shares of the company’s stock, valued at approximately $2,419,025.43. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,064 shares of company stock worth $3,228,698. Company insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

YUM has been the topic of a number of analyst reports. Barclays reduced their price target on Yum! Brands from $146.00 to $144.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. Wells Fargo & Company downgraded Yum! Brands from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $150.00 to $135.00 in a report on Thursday, January 11th. TD Cowen reaffirmed a “buy” rating and issued a $160.00 target price on shares of Yum! Brands in a research report on Wednesday, April 10th. Argus reaffirmed a “hold” rating on shares of Yum! Brands in a research report on Wednesday, April 10th. Finally, Oppenheimer raised shares of Yum! Brands from a “market perform” rating to an “outperform” rating and set a $154.00 target price on the stock in a research report on Friday, January 5th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $144.75.

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.