Fisher Asset Management LLC Reduces Stake in Yum! Brands, Inc. (NYSE:YUM)

Fisher Asset Management LLC lowered its stake in Yum! Brands, Inc. (NYSE:YUM) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,378 shares of the restaurant operator’s stock after selling 1,489 shares during the period. Fisher Asset Management LLC’s holdings in Yum! Brands were worth $7,737,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in YUM. Los Angeles Capital Management LLC grew its position in Yum! Brands by 5,077.1% in the third quarter. Los Angeles Capital Management LLC now owns 182,130 shares of the restaurant operator’s stock worth $25,445,000 after acquiring an additional 178,612 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Yum! Brands by 14,151.9% during the third quarter. International Assets Investment Management LLC now owns 148,220 shares of the restaurant operator’s stock valued at $20,708,000 after buying an additional 147,180 shares during the period. Swedbank AB purchased a new position in shares of Yum! Brands during the first quarter valued at approximately $19,041,000. Legal & General Group Plc boosted its position in shares of Yum! Brands by 3.4% during the second quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock valued at $419,123,000 after buying an additional 104,328 shares during the period. Finally, AMF Tjanstepension AB purchased a new position in shares of Yum! Brands during the second quarter valued at approximately $12,846,000. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on YUM shares. Deutsche Bank Aktiengesellschaft dropped their target price on Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Robert W. Baird boosted their target price on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Loop Capital dropped their target price on Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Redburn Atlantic downgraded shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, TD Cowen reaffirmed a “hold” rating and set a $145.00 price target on shares of Yum! Brands in a research note on Wednesday, November 6th. Twelve investment 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.com, the stock currently has an average rating of “Hold” and a consensus target price of $145.94.

Yum! Brands Trading Up 0.5 %

Shares of YUM stock opened at $139.33 on Friday. The business’s fifty day simple moving average is $134.97 and its 200-day simple moving average is $134.54. The company has a market cap of $38.88 billion, a PE ratio of 26.04, a PEG ratio of 2.34 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 issued its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.90 billion. Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.44 earnings per share. On average, equities analysts forecast that Yum! Brands, Inc. will post 5.47 earnings per share for the current year.

Yum! Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Monday, December 2nd. Yum! Brands’s payout ratio is presently 50.09%.

Insider Transactions at Yum! Brands

In other news, CEO David W. Gibbs sold 7,005 shares of the business’s stock in a transaction on Monday, September 16th. The shares were 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 of the company’s stock, valued at $20,955,351.69. The trade was a 4.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have sold 21,069 shares of company stock valued at $2,842,965. Corporate insiders own 0.31% of the company’s stock.

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.