Cullinan Associates Inc. Has $5.73 Million Stock Holdings in Yum! Brands, Inc. (NYSE:YUM)

Cullinan Associates Inc. trimmed its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 16.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,720 shares of the restaurant operator’s stock after selling 8,145 shares during the period. Cullinan Associates Inc.’s holdings in Yum! Brands were worth $5,728,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of YUM. Vanguard Group Inc. lifted its holdings in shares of Yum! Brands by 24.0% during the 1st quarter. Vanguard Group Inc. now owns 29,012,969 shares of the restaurant operator’s stock valued at $4,022,648,000 after buying an additional 5,607,517 shares during the last quarter. Capital World Investors lifted its stake in Yum! Brands by 23.7% in the first quarter. Capital World Investors now owns 18,121,611 shares of the restaurant operator’s stock valued at $2,512,561,000 after acquiring an additional 3,470,883 shares during the last quarter. Capital International Investors grew its position in Yum! Brands by 10.2% in the first quarter. Capital International Investors now owns 14,669,356 shares of the restaurant operator’s stock worth $2,033,906,000 after acquiring an additional 1,362,813 shares in the last quarter. Sustainable Growth Advisers LP increased its stake in shares of Yum! Brands by 2.1% during the 1st quarter. Sustainable Growth Advisers LP now owns 5,939,663 shares of the restaurant operator’s stock worth $823,534,000 after purchasing an additional 121,285 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Yum! Brands by 3.4% during the 2nd quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock valued at $419,123,000 after purchasing an additional 104,328 shares in the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Yum! Brands Trading Up 0.4 %

YUM traded up $0.57 on Friday, hitting $133.73. 39,257 shares of the stock traded hands, compared to its average volume of 1,932,539. The business has a fifty day moving average price of $134.84 and a two-hundred day moving average price of $135.10. The firm has a market capitalization of $37.60 billion, a PE ratio of 24.39, a P/E/G ratio of 2.07 and a beta of 1.08. Yum! Brands, Inc. has a 52 week low of $118.28 and a 52 week high of $143.20.

Yum! Brands (NYSE:YUM) last announced 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 net margin of 21.96% and a negative return on equity of 18.90%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the firm posted $1.41 EPS. On average, equities research analysts forecast that Yum! Brands, Inc. will post 5.6 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.00%. The ex-dividend date was Tuesday, August 27th. Yum! Brands’s dividend payout ratio is 49.08%.

Wall Street Analyst Weigh In

Several research firms have commented on YUM. Deutsche Bank Aktiengesellschaft increased their target price on shares of Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Bank of America lowered their price objective on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a report on Tuesday. 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 report on Monday, July 22nd. Morgan Stanley lowered 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. Finally, Robert W. Baird boosted their price objective on shares of Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $146.44.

Insider Transactions at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of the business’s stock in a transaction dated Tuesday, October 15th. 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 directly owns 152,634 shares in the company, valued at $20,518,588.62. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Yum! Brands news, Director Weir Mirian M. Graddick sold 1,309 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $137.40, for a total transaction of $179,856.60. Following the sale, the director now owns 1,233 shares of the company’s stock, valued at $169,414.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David W. Gibbs sold 7,005 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 152,634 shares of the company’s stock, valued at approximately $20,518,588.62. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 101,673 shares of company stock valued at $13,918,095. 0.31% of the stock is owned by insiders.

Yum! Brands 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.