Fifth Third Wealth Advisors LLC Raises Stock Holdings in Yum! Brands, Inc. (NYSE:YUM)

Fifth Third Wealth Advisors LLC boosted its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,214 shares of the restaurant operator’s stock after buying an additional 183 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Yum! Brands were worth $728,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Epoch Investment Partners Inc. boosted its holdings in Yum! Brands by 34.1% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,681,933 shares of the restaurant operator’s stock valued at $233,200,000 after acquiring an additional 427,487 shares during the period. Los Angeles Capital Management LLC grew its holdings in shares of 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 valued at $25,445,000 after purchasing an additional 178,612 shares in the last quarter. International Assets Investment Management LLC increased its stake in Yum! Brands by 14,151.9% during the 3rd quarter. International Assets Investment Management LLC now owns 148,220 shares of the restaurant operator’s stock worth $20,708,000 after buying an additional 147,180 shares during the period. Swedbank AB purchased a new stake in Yum! Brands during the 1st quarter worth approximately $19,041,000. Finally, Legal & General Group Plc lifted its holdings in Yum! Brands by 3.4% during the 2nd quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock worth $419,123,000 after buying an additional 104,328 shares in the last quarter. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Yum! Brands Stock Performance

Shares of Yum! Brands stock opened at $132.88 on Thursday. The company has a market capitalization of $37.08 billion, a P/E ratio of 24.84, a PEG ratio of 2.26 and a beta of 1.10. Yum! Brands, Inc. has a 1 year low of $123.70 and a 1 year high of $143.20. The company’s fifty day moving average is $134.40 and its two-hundred day moving average is $134.50.

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 the consensus estimate of $1.41 by ($0.04). Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter last year, the firm earned $1.44 EPS. The business’s revenue was up 6.9% on a year-over-year basis. As a group, equities analysts expect that Yum! Brands, Inc. will post 5.48 earnings per share for the current year.

Insider Transactions at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $134.43, for a total value of $941,682.15. Following the completion of the transaction, the chief executive officer now owns 155,883 shares in the company, valued at approximately $20,955,351.69. This represents a 4.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 21,069 shares of company stock worth $2,842,965 over the last ninety days. 0.31% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on YUM shares. Robert W. Baird upped their price target on Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. raised their target price on shares of Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Redburn Atlantic cut shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Finally, Loop Capital cut their price target on Yum! Brands from $143.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Twelve investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Yum! Brands has a consensus rating of “Hold” and an average price target of $145.94.

About Yum! Brands

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.