Kentucky Retirement Systems Insurance Trust Fund Sells 759 Shares of Yum! Brands, Inc. (NYSE:YUM)

Kentucky Retirement Systems Insurance Trust Fund reduced its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 8.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 8,325 shares of the restaurant operator’s stock after selling 759 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Yum! Brands were worth $1,163,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of YUM. Crewe Advisors LLC bought a new position in Yum! Brands during the first quarter valued at $28,000. DiNuzzo Private Wealth Inc. lifted its holdings in shares of Yum! Brands by 957.1% in the 3rd 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 during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Yum! Brands by 43.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 82 shares during the last quarter. Kimelman & Baird LLC purchased a new position in Yum! Brands in the second quarter worth about $37,000. Finally, Iron Horse Wealth Management LLC increased its stake in Yum! Brands by 3,088.9% during the second quarter. Iron Horse Wealth Management LLC now owns 287 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 278 shares during the last quarter. 82.37% of the stock is owned by hedge funds and other institutional investors.

Yum! Brands Trading Down 2.3 %

Shares of YUM stock opened at $133.59 on Monday. Yum! Brands, Inc. has a twelve month low of $123.70 and a twelve month high of $143.20. The stock has a fifty day simple moving average of $134.42 and a two-hundred day simple moving average of $134.54. The stock has a market capitalization of $37.28 billion, a price-to-earnings ratio of 24.97, a P/E/G ratio of 2.25 and a beta of 1.10.

Yum! Brands (NYSE:YUM) last released its quarterly earnings data 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 business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $1.44 earnings per share. Research analysts predict that Yum! Brands, Inc. will post 5.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

YUM has been the subject of a number of recent research reports. Loop Capital dropped their target price on Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Redburn Atlantic cut shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a research 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 report on Wednesday, November 6th. Robert W. Baird increased their price objective on shares of Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Stifel Nicolaus decreased their price objective on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $145.94.

Insider Activity

In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $134.43, for a total transaction of $941,682.15. Following the completion of the sale, the chief executive officer now owns 152,634 shares in the company, valued at $20,518,588.62. This represents a 4.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.31% of the company’s stock.

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.