Commerce Bank Sells 1,666 Shares of Yum! Brands, Inc. (NYSE:YUM)

Commerce Bank lowered its position in Yum! Brands, Inc. (NYSE:YUM) by 1.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 100,340 shares of the restaurant operator’s stock after selling 1,666 shares during the quarter. Commerce Bank’s holdings in Yum! Brands were worth $14,018,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in YUM. O Shaughnessy Asset Management LLC increased its holdings in shares of Yum! Brands by 12.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 23,332 shares of the restaurant operator’s stock worth $3,235,000 after purchasing an additional 2,650 shares during the period. Seven Eight Capital LP bought a new position in Yum! Brands in the first quarter valued at $402,000. Bessemer Group Inc. increased its stake in Yum! Brands by 20.9% in the first quarter. Bessemer Group Inc. now owns 32,556 shares of the restaurant operator’s stock valued at $4,515,000 after acquiring an additional 5,637 shares during the last quarter. Lake Street Advisors Group LLC increased its stake in Yum! Brands by 32.8% in the first quarter. Lake Street Advisors Group LLC now owns 2,808 shares of the restaurant operator’s stock valued at $389,000 after acquiring an additional 694 shares during the last quarter. Finally, Crewe Advisors LLC bought a new position in Yum! Brands in the first quarter valued at $28,000. Institutional investors own 82.37% of the company’s stock.

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $134.43, for a total transaction of $941,682.15. Following the completion of the transaction, the chief executive officer now owns 152,634 shares of the company’s stock, valued at approximately $20,518,588.62. This trade represents a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders sold 21,069 shares of company stock valued at $2,842,965. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on YUM. Deutsche Bank Aktiengesellschaft reduced their target price on Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Loop Capital reduced their target price 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. TD Cowen reissued a “hold” rating and issued a $145.00 target price on shares of Yum! Brands in a research note on Wednesday, November 6th. Redburn Atlantic cut Yum! Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $145.94.

Yum! Brands Price Performance

Shares of YUM opened at $132.88 on Thursday. Yum! Brands, Inc. has a one year low of $123.70 and a one year high of $143.20. The company has a 50-day simple moving average of $134.40 and a two-hundred day simple moving average of $134.50. The firm has a market capitalization of $37.08 billion, a PE ratio of 24.84, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10.

Yum! Brands (NYSE:YUM) last announced 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). Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the prior year, the business posted $1.44 EPS. Yum! Brands’s revenue for the quarter was up 6.9% on a year-over-year basis. Analysts expect that Yum! Brands, Inc. will post 5.48 EPS for the current fiscal year.

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.