Jacobs & Co. CA Sells 2,489 Shares of Yum! Brands, Inc. (NYSE:YUM)

Jacobs & Co. CA lessened its holdings in Yum! Brands, Inc. (NYSE:YUM) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,047 shares of the restaurant operator’s stock after selling 2,489 shares during the quarter. Jacobs & Co. CA’s holdings in Yum! Brands were worth $7,787,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in YUM. Franklin Street Advisors Inc. NC bought a new position in Yum! Brands during the 4th quarter worth approximately $209,000. Wealth Enhancement Advisory Services LLC raised its holdings in Yum! Brands by 1.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 48,758 shares of the restaurant operator’s stock worth $6,813,000 after purchasing an additional 500 shares during the last quarter. Fortitude Family Office LLC raised its holdings in Yum! Brands by 478.5% during the 4th quarter. Fortitude Family Office LLC now owns 1,209 shares of the restaurant operator’s stock worth $162,000 after purchasing an additional 1,000 shares during the last quarter. Watts Gwilliam & Co. LLC raised its holdings in Yum! Brands by 1.7% during the 4th quarter. Watts Gwilliam & Co. LLC now owns 14,081 shares of the restaurant operator’s stock worth $1,810,000 after purchasing an additional 241 shares during the last quarter. Finally, First Hawaiian Bank raised its holdings in Yum! Brands by 31.8% during the 4th quarter. First Hawaiian Bank now owns 9,402 shares of the restaurant operator’s stock worth $1,261,000 after purchasing an additional 2,266 shares during the last quarter. Institutional investors own 82.37% of the company’s stock.

Insider Buying and Selling

In other Yum! Brands news, CEO David W. Gibbs sold 7,059 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $135.94, for a total transaction of $959,600.46. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 17,879 shares of company stock worth $2,424,167. Insiders own 0.31% of the company’s stock.

Yum! Brands Price Performance

Shares of YUM traded down $3.42 during midday trading on Friday, hitting $124.32. 1,357,387 shares of the company traded hands, compared to its average volume of 1,887,285. The stock has a 50-day moving average of $135.03 and a 200-day moving average of $133.90. Yum! Brands, Inc. has a one year low of $124.04 and a one year high of $143.20. The firm has a market cap of $34.69 billion, a P/E ratio of 23.24, a PEG ratio of 2.37 and a beta of 1.11.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the prior year, the company earned $1.44 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Sell-side analysts forecast that Yum! Brands, Inc. will post 5.47 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Monday, December 2nd. Yum! Brands’s dividend payout ratio (DPR) is 50.09%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Redburn Atlantic downgraded shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Oppenheimer lifted their price target on shares of Yum! Brands from $154.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday. TD Cowen reaffirmed a “hold” rating and set a $145.00 price objective on shares of Yum! Brands in a report on Wednesday, November 6th. Bank of America cut their price objective on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. Finally, Loop Capital cut their price objective on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $145.61.

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.