Yum! Brands, Inc. $YUM Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lowered its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 2.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,026 shares of the restaurant operator’s stock after selling 676 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Yum! Brands were worth $3,708,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Ameritas Advisory Services LLC acquired a new stake in Yum! Brands during the 2nd quarter worth $107,000. Yeomans Consulting Group Inc. acquired a new stake in shares of Yum! Brands in the 2nd quarter worth $214,000. Synergy Asset Management LLC acquired a new stake in shares of Yum! Brands in the 2nd quarter worth $207,000. Verus Financial Partners Inc. acquired a new stake in shares of Yum! Brands in the 2nd quarter worth $288,000. Finally, Hilltop National Bank acquired a new stake in shares of Yum! Brands in the 2nd quarter worth $350,000. Institutional investors and hedge funds own 82.37% of the company’s stock.

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, CEO Scott Mezvinsky sold 275 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $152.59, for a total transaction of $41,962.25. Following the completion of the transaction, the chief executive officer directly owned 1,755 shares in the company, valued at approximately $267,795.45. This trade represents a 13.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David W. Gibbs sold 7,176 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $149.80, for a total transaction of $1,074,964.80. Following the transaction, the chief executive officer owned 102,893 shares of the company’s stock, valued at $15,413,371.40. This trade represents a 6.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,195 shares of company stock valued at $5,348,137. Insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on YUM shares. Sanford C. Bernstein set a $164.00 target price on shares of Yum! Brands in a research note on Tuesday, August 5th. JPMorgan Chase & Co. reduced their target price on shares of Yum! Brands from $162.00 to $160.00 and set an “overweight” rating for the company in a research note on Wednesday, August 6th. Melius started coverage on shares of Yum! Brands in a research note on Monday, July 14th. They issued a “buy” rating and a $200.00 target price for the company. Wells Fargo & Company reduced their target price on shares of Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 6th. Finally, Redburn Atlantic upgraded shares of Yum! Brands from a “neutral” rating to a “buy” rating and raised their target price for the stock from $145.00 to $177.00 in a research note on Tuesday, June 10th. Eleven analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $161.32.

Yum! Brands Stock Down 0.5%

Shares of YUM opened at $150.61 on Friday. The company has a 50-day simple moving average of $147.05 and a 200-day simple moving average of $147.28. The company has a market capitalization of $41.80 billion, a PE ratio of 29.71, a P/E/G ratio of 2.36 and a beta of 0.72. Yum! Brands, Inc. has a 52-week low of $122.13 and a 52-week high of $163.30.

Yum! Brands (NYSE:YUM) last posted its earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.02). Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the business posted $1.35 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. On average, research analysts anticipate that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.9%. The ex-dividend date was Tuesday, September 2nd. Yum! Brands’s dividend payout ratio (DPR) is 56.02%.

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.