Chevy Chase Trust Holdings LLC Has $24.09 Million Stake in Yum! Brands, Inc. (NYSE:YUM)

Chevy Chase Trust Holdings LLC lowered its position in Yum! Brands, Inc. (NYSE:YUM) by 0.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 153,055 shares of the restaurant operator’s stock after selling 109 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Yum! Brands were worth $24,085,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Yum! Brands in the fourth quarter worth about $25,000. WealthTrak Capital Management LLC bought a new position in shares of Yum! Brands in the 4th quarter valued at approximately $25,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Yum! Brands in the 4th quarter worth approximately $33,000. Itau Unibanco Holding S.A. boosted its position in Yum! Brands by 436.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 279 shares of the restaurant operator’s stock worth $37,000 after purchasing an additional 227 shares during the period. Finally, LGT Financial Advisors LLC bought a new stake in Yum! Brands during the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 82.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on YUM shares. Evercore ISI boosted their price objective on shares of Yum! Brands from $160.00 to $170.00 and gave the stock an “in-line” rating in a research note on Thursday, May 1st. TD Securities reiterated a “hold” rating and issued a $158.00 target price on shares of Yum! Brands in a report on Wednesday, April 30th. Robert W. Baird decreased their price target on shares of Yum! Brands from $176.00 to $174.00 and set an “outperform” rating for the company in a report on Monday, April 7th. JPMorgan Chase & Co. upgraded Yum! Brands from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $170.00 to $162.00 in a research note on Wednesday. Finally, Cowen reissued a “hold” rating on shares of Yum! Brands in a research report on Wednesday, March 5th. Thirteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $157.86.

Insider Buying and Selling

In other news, CEO Scott Mezvinsky sold 268 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $145.97, for a total value of $39,119.96. Following the sale, the chief executive officer now directly owns 1,755 shares in the company, valued at approximately $256,177.35. This represents a 13.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David W. Gibbs sold 5,139 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $146.70, for a total value of $753,891.30. Following the completion of the transaction, the chief executive officer now directly owns 157,893 shares of the company’s stock, valued at approximately $23,162,903.10. The trade was a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,470 shares of company stock valued at $1,821,172 over the last quarter. Corporate insiders own 0.33% of the company’s stock.

Yum! Brands Trading Up 3.2%

YUM opened at $147.31 on Thursday. The stock’s 50 day simple moving average is $145.06 and its 200-day simple moving average is $143.44. The stock has a market cap of $40.95 billion, a PE ratio of 29.34, a P/E/G ratio of 2.14 and a beta of 0.74. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.01. Yum! Brands had a net margin of 18.42% and a negative return on equity of 20.80%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the company earned $1.15 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year. Equities analysts forecast that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Tuesday, May 27th were paid a $0.71 dividend. The ex-dividend date was Tuesday, May 27th. This represents a $2.84 dividend on an annualized basis and a yield of 1.93%. Yum! Brands’s payout ratio is currently 56.57%.

Yum! Brands 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.