Yum! Brands, Inc. $YUM Shares Bought by DNB Asset Management AS

DNB Asset Management AS boosted its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 431,652 shares of the restaurant operator’s stock after purchasing an additional 12,435 shares during the period. DNB Asset Management AS owned approximately 0.16% of Yum! Brands worth $63,962,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in shares of Yum! Brands by 8.0% in the fourth quarter. Brighton Jones LLC now owns 7,861 shares of the restaurant operator’s stock valued at $1,055,000 after buying an additional 583 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Yum! Brands by 8.8% in the 1st quarter. Allianz Asset Management GmbH now owns 49,887 shares of the restaurant operator’s stock worth $7,850,000 after acquiring an additional 4,047 shares during the last quarter. Choreo LLC raised its position in shares of Yum! Brands by 6.1% during the first quarter. Choreo LLC now owns 8,528 shares of the restaurant operator’s stock worth $1,342,000 after purchasing an additional 489 shares during the period. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Yum! Brands by 820.9% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,316 shares of the restaurant operator’s stock valued at $1,309,000 after purchasing an additional 7,413 shares during the last quarter. Finally, KLP Kapitalforvaltning AS lifted its holdings in shares of Yum! Brands by 1.2% during the first quarter. KLP Kapitalforvaltning AS now owns 99,448 shares of the restaurant operator’s stock valued at $15,649,000 after purchasing an additional 1,200 shares during the last quarter. 82.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Yum! Brands

In related news, CEO Aaron Powell sold 2,790 shares of Yum! Brands stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $150.48, for a total transaction of $419,839.20. Following the completion of the sale, the chief executive officer owned 26,650 shares of the company’s stock, valued at approximately $4,010,292. This trade represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Erika Burkhardt sold 1,269 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $149.37, for a total value of $189,550.53. Following the completion of the transaction, the insider owned 64 shares in the company, valued at $9,559.68. This trade represents a 95.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 37,870 shares of company stock valued at $5,657,495 in the last quarter. Corporate insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Royal Bank Of Canada assumed coverage on Yum! Brands in a research note on Wednesday, October 8th. They issued a “sector perform” rating and a $165.00 price target on the stock. JPMorgan Chase & Co. dropped their target price on shares of Yum! Brands from $162.00 to $160.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 6th. Evercore ISI upgraded shares of Yum! Brands from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $165.00 to $180.00 in a report on Wednesday, November 5th. TD Cowen raised shares of Yum! Brands from a “hold” rating to a “buy” rating and raised their price objective for the stock from $162.00 to $173.00 in a research note on Monday. Finally, Oppenheimer reiterated an “outperform” rating on shares of Yum! Brands in a research report on Wednesday, November 5th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Yum! Brands presently has an average rating of “Moderate Buy” and an average price target of $167.38.

Yum! Brands Stock Performance

YUM stock opened at $149.08 on Friday. The stock has a market cap of $41.39 billion, a P/E ratio of 29.40, a P/E/G ratio of 2.08 and a beta of 0.73. The firm has a 50 day simple moving average of $147.03 and a 200 day simple moving average of $146.32. Yum! Brands, Inc. has a 52 week low of $122.13 and a 52 week high of $163.30.

Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.12. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.96 billion. Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.37 EPS. Sell-side analysts predict that Yum! Brands, Inc. will post 5.94 EPS for the current year.

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.