Whittier Trust Co. Sells 1,684 Shares of Yum! Brands, Inc. (NYSE:YUM)

Whittier Trust Co. lessened its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 22.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,914 shares of the restaurant operator’s stock after selling 1,684 shares during the period. Whittier Trust Co.’s holdings in Yum! Brands were worth $826,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Yum! Brands by 24.0% during the 1st quarter. Vanguard Group Inc. now owns 29,012,969 shares of the restaurant operator’s stock worth $4,022,648,000 after buying an additional 5,607,517 shares during the last quarter. Capital World Investors boosted its stake in shares of Yum! Brands by 23.7% during the 1st quarter. Capital World Investors now owns 18,121,611 shares of the restaurant operator’s stock worth $2,512,561,000 after buying an additional 3,470,883 shares during the last quarter. Cantillon Capital Management LLC acquired a new position in shares of Yum! Brands during the 1st quarter worth about $200,668,000. Capital International Investors boosted its stake in shares of Yum! Brands by 10.2% during the 1st quarter. Capital International Investors now owns 14,669,356 shares of the restaurant operator’s stock worth $2,033,906,000 after buying an additional 1,362,813 shares during the last quarter. Finally, TD Asset Management Inc lifted its stake in Yum! Brands by 36.6% in the 1st quarter. TD Asset Management Inc now owns 2,174,526 shares of the restaurant operator’s stock valued at $301,498,000 after purchasing an additional 582,267 shares during the last quarter. Institutional investors own 82.37% of the company’s stock.

Yum! Brands Trading Up 0.5 %

Shares of YUM opened at $134.02 on Thursday. Yum! Brands, Inc. has a 12 month low of $118.28 and a 12 month high of $143.20. The firm’s 50 day moving average is $134.84 and its 200-day moving average is $135.10. The stock has a market capitalization of $37.74 billion, a PE ratio of 23.76, a P/E/G ratio of 2.06 and a beta of 1.08.

Yum! Brands (NYSE:YUM) last announced its earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, topping the consensus estimate of $1.33 by $0.02. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the firm earned $1.41 earnings per share. Equities research analysts predict that Yum! Brands, Inc. will post 5.6 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction on 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 in the company, 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 is accessible through this hyperlink. In other news, CEO David W. Gibbs sold 7,005 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. 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 152,634 shares in the company, valued at approximately $20,518,588.62. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sabir Sami sold 71,051 shares of Yum! Brands stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $137.16, for a total transaction of $9,745,355.16. Following the sale, the chief executive officer now directly owns 68 shares in the company, valued at $9,326.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,673 shares of company stock worth $13,918,095 over the last three months. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on YUM shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Yum! Brands from $143.00 to $147.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Robert W. Baird raised their target price on shares of 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 downgraded shares of 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. Morgan Stanley cut their target price on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Finally, Bank of America cut their target price on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research note on Tuesday. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $146.44.

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.