Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Sigma Planning Corp

Sigma Planning Corp trimmed its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 14.3% during the third quarter, HoldingsChannel reports. The fund owned 1,744 shares of the restaurant operator’s stock after selling 292 shares during the quarter. Sigma Planning Corp’s holdings in Yum! Brands were worth $244,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new stake in Yum! Brands in the 1st quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. grew its holdings in Yum! Brands by 957.1% during the third quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 201 shares during the period. Meeder Asset Management Inc. grew its holdings 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 acquiring an additional 82 shares during the period. Kimelman & Baird LLC purchased a new position in Yum! Brands in the second quarter worth $37,000. Finally, Iron Horse Wealth Management LLC lifted its holdings in Yum! Brands by 3,088.9% in the second quarter. Iron Horse Wealth Management LLC now owns 287 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 278 shares during the period. 82.37% of the stock is owned by hedge funds and other institutional investors.

Yum! Brands Price Performance

Yum! Brands stock opened at $133.59 on Friday. The firm’s 50-day moving average is $134.42 and its two-hundred day moving average is $134.59. The stock has a market capitalization of $37.28 billion, a P/E ratio of 24.97, a P/E/G ratio of 2.30 and a beta of 1.10. Yum! Brands, Inc. has a 12-month low of $123.70 and a 12-month high of $143.20.

Yum! Brands (NYSE:YUM) last released its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the previous year, the firm posted $1.44 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. As a group, analysts forecast that Yum! Brands, Inc. will post 5.48 EPS for the current year.

Insider Activity at Yum! Brands

In related news, Director Weir Mirian M. Graddick sold 1,309 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $137.40, for a total value of $179,856.60. Following the completion of the sale, the director now directly owns 1,233 shares in the company, valued at approximately $169,414.20. The trade was a 51.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David W. Gibbs sold 7,005 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $134.43, for a total transaction of $941,682.15. Following the transaction, the chief executive officer now directly owns 152,634 shares of the company’s stock, valued at $20,518,588.62. This trade represents a 4.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,319 shares of company stock worth $2,063,221. 0.31% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on YUM. Redburn Atlantic downgraded shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Stifel Nicolaus dropped their target price on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a report on Monday, July 22nd. TD Cowen reissued a “hold” rating and set a $145.00 price target on shares of Yum! Brands in a research note on Wednesday, November 6th. Bank of America dropped their price objective on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Finally, Loop Capital decreased their target price on Yum! Brands from $143.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $145.94.

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.