Toronto Dominion Bank Has $17.81 Million Stock Holdings in Yum! Brands, Inc. (NYSE:YUM)

Toronto Dominion Bank raised its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 15.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 127,446 shares of the restaurant operator’s stock after purchasing an additional 17,133 shares during the period. Toronto Dominion Bank’s holdings in Yum! Brands were worth $17,805,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Coldstream Capital Management Inc. grew its holdings in Yum! Brands by 7.4% during the third quarter. Coldstream Capital Management Inc. now owns 39,713 shares of the restaurant operator’s stock valued at $5,547,000 after purchasing an additional 2,723 shares during the last quarter. Geode Capital Management LLC grew its holdings in Yum! Brands by 1.5% during the third quarter. Geode Capital Management LLC now owns 7,441,170 shares of the restaurant operator’s stock valued at $1,038,775,000 after purchasing an additional 111,147 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Yum! Brands by 10.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 116,456 shares of the restaurant operator’s stock valued at $16,270,000 after purchasing an additional 11,422 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Yum! Brands during the third quarter valued at approximately $994,000. Finally, MML Investors Services LLC grew its holdings in Yum! Brands by 2.1% during the third quarter. MML Investors Services LLC now owns 35,519 shares of the restaurant operator’s stock valued at $4,962,000 after purchasing an additional 718 shares during the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Insider Activity

In other news, CEO David W. Gibbs sold 7,005 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $134.43, for a total value of $941,682.15. Following the completion of the sale, the chief executive officer now directly owns 155,883 shares in the company, valued at approximately $20,955,351.69. This trade represents a 4.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last ninety days, insiders sold 21,069 shares of company stock worth $2,842,965. 0.31% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. TD Cowen reissued a “hold” rating and issued a $145.00 price objective on shares of Yum! Brands in a research report on Wednesday, November 6th. Bank of America reduced their price objective on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. Loop Capital reduced their price objective on Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. increased their price objective on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Twelve 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 target price of $145.94.

Yum! Brands Stock Performance

Shares of NYSE YUM opened at $138.64 on Friday. The stock has a market cap of $38.69 billion, a PE ratio of 25.91, a PEG ratio of 2.39 and a beta of 1.10. The business has a fifty day moving average of $135.41 and a two-hundred day moving average of $134.48. Yum! Brands, Inc. has a 52-week low of $124.76 and a 52-week high of $143.20.

Yum! Brands (NYSE:YUM) last issued 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 company had revenue of $1.83 billion for 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 was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.44 earnings per share. Analysts predict that Yum! Brands, Inc. will post 5.47 earnings per share for the current year.

Yum! Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 dividend yield of 1.93%. Yum! Brands’s dividend payout ratio (DPR) is presently 50.09%.

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.