CENTRAL TRUST Co Has $3.23 Million Stock Position in Yum! Brands, Inc. (NYSE:YUM)

CENTRAL TRUST Co cut its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,148 shares of the restaurant operator’s stock after selling 290 shares during the period. CENTRAL TRUST Co’s holdings in Yum! Brands were worth $3,234,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Ruedi Wealth Management Inc. lifted its holdings in Yum! Brands by 79.8% during the 1st quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 83 shares during the last quarter. Manchester Capital Management LLC increased its position in Yum! Brands by 165.7% during the 1st quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock worth $26,000 after buying an additional 116 shares during the period. Redmont Wealth Advisors LLC acquired a new stake in shares of Yum! Brands during the first quarter worth $28,000. Crewe Advisors LLC bought a new stake in shares of Yum! Brands in the first quarter valued at about $28,000. Finally, DiNuzzo Private Wealth Inc. grew its stake in shares of Yum! Brands by 957.1% in the third quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 201 shares in the last quarter. Institutional investors own 82.37% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Bank of America dropped their price objective 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. Morgan Stanley reduced their price target on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. TD Cowen cut Yum! Brands from a “buy” rating to a “hold” rating and dropped their price objective for the company from $156.00 to $145.00 in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft increased their target price on Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, Evercore ISI downgraded Yum! Brands from an “outperform” rating to an “inline” rating and dropped their price target for the company from $160.00 to $145.00 in a research note on Tuesday, July 16th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $146.44.

Yum! Brands Stock Down 0.6 %

Shares of YUM stock opened at $133.16 on Friday. Yum! Brands, Inc. has a twelve month low of $118.28 and a twelve month high of $143.20. The stock’s fifty day simple moving average is $134.84 and its 200 day simple moving average is $135.10. The firm has a market capitalization of $37.44 billion, a P/E ratio of 24.39, a P/E/G ratio of 2.07 and a beta of 1.08.

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

Yum! Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.01%. The ex-dividend date was Tuesday, August 27th. Yum! Brands’s dividend payout ratio (DPR) is currently 49.08%.

Insider Activity

In related news, CEO David W. Gibbs sold 7,005 shares of the business’s stock in a transaction 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 owns 152,634 shares of the company’s stock, valued at $20,518,588.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction that occurred 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 directly owns 152,634 shares of the company’s stock, valued at $20,518,588.62. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David W. Gibbs sold 7,069 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $137.92, for a total value of $974,956.48. Following the completion of the sale, the chief executive officer now owns 159,132 shares in the company, valued at $21,947,485.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,673 shares of company stock valued at $13,918,095. 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.