D.A. Davidson & CO. Has $4.28 Million Position in Yum! Brands, Inc. (NYSE:YUM)

D.A. Davidson & CO. reduced its stake in Yum! Brands, Inc. (NYSE:YUM) by 2.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 30,602 shares of the restaurant operator’s stock after selling 802 shares during the quarter. D.A. Davidson & CO.’s holdings in Yum! Brands were worth $4,275,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in YUM. Deseret Mutual Benefit Administrators boosted its stake in Yum! Brands by 3.9% in the second quarter. Deseret Mutual Benefit Administrators now owns 2,049 shares of the restaurant operator’s stock worth $271,000 after purchasing an additional 76 shares in the last quarter. Legacy Financial Advisors Inc. boosted its stake in Yum! Brands by 2.2% in the second quarter. Legacy Financial Advisors Inc. now owns 3,460 shares of the restaurant operator’s stock worth $458,000 after purchasing an additional 76 shares in the last quarter. Wesbanco Bank Inc. lifted its stake in shares of Yum! Brands by 1.9% during the second quarter. Wesbanco Bank Inc. now owns 4,169 shares of the restaurant operator’s stock valued at $552,000 after acquiring an additional 78 shares during the period. Diversified Trust Co lifted its stake in shares of Yum! Brands by 2.4% during the third quarter. Diversified Trust Co now owns 3,321 shares of the restaurant operator’s stock valued at $464,000 after acquiring an additional 79 shares during the period. Finally, Marcum Wealth LLC lifted its stake in shares of Yum! Brands by 3.4% during the second quarter. Marcum Wealth LLC now owns 2,477 shares of the restaurant operator’s stock valued at $328,000 after acquiring an additional 82 shares during the period. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,059 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $135.94, for a total value of $959,600.46. Following the completion of the transaction, the chief executive officer now directly owns 149,385 shares in the company, valued at $20,307,396.90. This trade represents a 4.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 21,069 shares of company stock worth $2,842,965 over the last ninety days. 0.31% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

YUM has been the topic of several research reports. Deutsche Bank Aktiengesellschaft cut their price target 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. Redburn Atlantic lowered Yum! Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Loop Capital cut their price target 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. Robert W. Baird upped their price target on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, Bank of America cut their price target on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $145.94.

Yum! Brands Stock Performance

NYSE:YUM opened at $139.33 on Friday. The company has a market cap of $38.88 billion, a PE ratio of 26.04, a PEG ratio of 2.34 and a beta of 1.10. Yum! Brands, Inc. has a 52-week low of $123.70 and a 52-week high of $143.20. The stock has a 50-day simple moving average of $134.97 and a 200 day simple moving average of $134.54.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.44 earnings per share. On average, research analysts predict that Yum! Brands, Inc. will post 5.47 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a $0.67 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 1.92%. 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.