Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Patten & Patten Inc. TN

Patten & Patten Inc. TN decreased its holdings in Yum! Brands, Inc. (NYSE:YUM) by 9.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,438 shares of the restaurant operator’s stock after selling 154 shares during the quarter. Patten & Patten Inc. TN’s holdings in Yum! Brands were worth $201,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of YUM. Ashton Thomas Securities LLC boosted its stake in shares of Yum! Brands by 13.5% during the 3rd quarter. Ashton Thomas Securities LLC now owns 2,800 shares of the restaurant operator’s stock worth $391,000 after purchasing an additional 333 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in shares of Yum! Brands by 5,077.1% during 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 during the period. Mitchell Mcleod Pugh & Williams Inc. grew its position in shares of Yum! Brands by 4.1% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 16,637 shares of the restaurant operator’s stock worth $2,324,000 after buying an additional 661 shares in the last quarter. Tyler Stone Wealth Management boosted its holdings in Yum! Brands by 102.8% in the third quarter. Tyler Stone Wealth Management now owns 1,724 shares of the restaurant operator’s stock worth $241,000 after purchasing an additional 874 shares during the period. Finally, Covestor Ltd boosted its holdings in shares of Yum! Brands by 18.1% during the third quarter. Covestor Ltd now owns 769 shares of the restaurant operator’s stock valued at $107,000 after acquiring an additional 118 shares during the period. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on YUM shares. Loop Capital cut their price objective on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft dropped their price objective on Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Morgan Stanley reduced their price objective on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. Stifel Nicolaus reduced their target price on Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Finally, Bank of America dropped their price objective on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $145.94.

Insider Activity at Yum! Brands

In other news, CEO David W. Gibbs sold 7,069 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was 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 of the company’s stock, valued at approximately $21,947,485.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO David W. Gibbs sold 7,069 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $137.92, for a total transaction of $974,956.48. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Weir Mirian M. Graddick sold 1,309 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $137.40, for a total value of $179,856.60. Following the transaction, the director now owns 1,233 shares in the company, valued at $169,414.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,388 shares of company stock valued at $3,038,177. Company insiders own 0.31% of the company’s stock.

Yum! Brands Stock Down 1.5 %

Shares of YUM opened at $134.61 on Wednesday. The stock has a market cap of $37.85 billion, a PE ratio of 25.16, a PEG ratio of 2.24 and a beta of 1.10. The business has a 50-day simple moving average of $134.35 and a two-hundred day simple moving average of $134.69. Yum! Brands, Inc. has a 12-month low of $123.70 and a 12-month high of $143.20.

Yum! Brands (NYSE:YUM) last posted its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.90 billion. Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.44 EPS. On average, equities research analysts expect that Yum! Brands, Inc. will post 5.49 EPS for the current year.

Yum! Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum! Brands’s dividend payout ratio is 50.09%.

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.