Yum! Brands, Inc. (NYSE:YUM) Shares Bought by Forsta AP Fonden

Forsta AP Fonden lifted its position in Yum! Brands, Inc. (NYSE:YUM) by 6.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 104,900 shares of the restaurant operator’s stock after acquiring an additional 6,500 shares during the quarter. Forsta AP Fonden’s holdings in Yum! Brands were worth $14,656,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in YUM. Brookstone Capital Management grew its position in shares of Yum! Brands by 12.3% in the 1st quarter. Brookstone Capital Management now owns 2,141 shares of the restaurant operator’s stock worth $297,000 after acquiring an additional 234 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Yum! Brands by 21.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,993 shares of the restaurant operator’s stock worth $5,961,000 after purchasing an additional 7,686 shares during the last quarter. Cornerstone Wealth Group LLC lifted its holdings in shares of Yum! Brands by 7.2% in the 1st quarter. Cornerstone Wealth Group LLC now owns 2,169 shares of the restaurant operator’s stock worth $301,000 after purchasing an additional 145 shares during the last quarter. Diversified Trust Co lifted its holdings in shares of Yum! Brands by 24.5% in the 1st quarter. Diversified Trust Co now owns 2,783 shares of the restaurant operator’s stock worth $386,000 after purchasing an additional 547 shares during the last quarter. Finally, Claro Advisors LLC lifted its holdings in shares of Yum! Brands by 1.1% in the 1st quarter. Claro Advisors LLC now owns 8,942 shares of the restaurant operator’s stock worth $1,240,000 after purchasing an additional 95 shares during the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Insider Buying and Selling

In related news, CEO David W. Gibbs sold 7,005 shares of Yum! Brands 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 transaction, the chief executive officer now directly owns 155,883 shares in the company, valued at $20,955,351.69. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Weir Mirian M. Graddick sold 1,309 shares of Yum! Brands stock in a transaction on Monday, August 19th. The stock was sold at an average price of $137.40, for a total transaction of $179,856.60. Following the transaction, the director now owns 1,233 shares in the company, valued at approximately $169,414.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction on Monday, September 16th. The shares were sold at an average price of $134.43, for a total value of $941,682.15. Following the transaction, the chief executive officer now owns 155,883 shares in the company, valued at $20,955,351.69. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,673 shares of company stock worth $13,918,095 in the last three months. 0.31% of the stock is currently owned by insiders.

Yum! Brands Stock Performance

Shares of YUM stock opened at $133.04 on Friday. Yum! Brands, Inc. has a 1 year low of $118.28 and a 1 year high of $143.20. The stock has a market cap of $37.47 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 2.07 and a beta of 1.08. The business’s fifty day moving average is $134.66 and its 200-day moving average is $135.06.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, beating 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 last year, the firm earned $1.41 EPS. Equities research analysts predict that Yum! Brands, Inc. will post 5.6 earnings per share for the current year.

Yum! Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum! Brands’s payout ratio is 47.52%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on YUM. JPMorgan Chase & Co. raised their price target on Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Robert W. Baird raised 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. Morgan Stanley cut their price target on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Evercore ISI downgraded Yum! Brands from an “outperform” rating to an “inline” rating and cut their price target for the stock from $160.00 to $145.00 in a report on Tuesday, July 16th. Finally, TD Cowen downgraded Yum! Brands from a “buy” rating to a “hold” rating and cut their target price for the company from $156.00 to $145.00 in a research note on Wednesday, October 16th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $146.44.

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.