Yum! Brands, Inc. $YUM Position Increased by International Assets Investment Management LLC

International Assets Investment Management LLC raised its position in Yum! Brands, Inc. (NYSE:YUM) by 2,946.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 75,000 shares of the restaurant operator’s stock after acquiring an additional 72,538 shares during the quarter. Yum! Brands makes up 0.2% of International Assets Investment Management LLC’s portfolio, making the stock its 29th biggest holding. International Assets Investment Management LLC’s holdings in Yum! Brands were worth $10,226,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of YUM. Bleakley Financial Group LLC bought a new stake in Yum! Brands during the 1st quarter worth approximately $1,589,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Yum! Brands in the second quarter worth approximately $99,621,000. Tidal Investments LLC boosted its position in shares of Yum! Brands by 114.4% in the second quarter. Tidal Investments LLC now owns 53,189 shares of the restaurant operator’s stock worth $8,503,000 after purchasing an additional 28,380 shares during the period. SEB Asset Management AB purchased a new stake in shares of Yum! Brands in the first quarter worth $15,285,000. Finally, National Pension Service increased its stake in shares of Yum! Brands by 4.0% in the second quarter. National Pension Service now owns 470,206 shares of the restaurant operator’s stock worth $75,167,000 after purchasing an additional 18,060 shares in the last quarter. 82.37% of the stock is owned by hedge funds and other institutional investors.

Yum! Brands Trading Down 2.9%

NYSE YUM opened at $161.35 on Friday. Yum! Brands, Inc. has a 12 month low of $134.26 and a 12 month high of $170.14. The stock has a market cap of $44.03 billion, a PE ratio of 12.95, a P/E/G ratio of 2.52 and a beta of 0.53. The stock’s 50 day moving average is $146.92 and its 200 day moving average is $153.58.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Tuesday, November 3rd. The restaurant operator reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.05. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.05 billion. Yum! Brands had a net margin of 39.14% and a negative return on equity of 25.54%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm posted $1.58 EPS. On average, analysts forecast that Yum! Brands, Inc. will post 6.41 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Wednesday, September 9th were given a dividend of $0.75 per share. The ex-dividend date was Wednesday, September 9th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.9%. Yum! Brands’s dividend payout ratio is currently 24.08%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on YUM. Rothschild & Co Redburn decreased their price objective on shares of Yum! Brands from $184.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, September 30th. JPMorgan Chase & Co. dropped their target price on shares of Yum! Brands from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $167.00 target price (down from $174.00) on shares of Yum! Brands in a report on Wednesday, October 21st. Royal Bank Of Canada increased their price target on Yum! Brands from $170.00 to $180.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Finally, Wells Fargo & Company raised Yum! Brands from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $165.00 to $175.00 in a report on Thursday, September 10th. Fourteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $175.67.

Insider Buying and Selling

In related news, CEO Christopher Turner sold 285 shares of the company’s stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $140.11, for a total transaction of $39,931.35. Following the completion of the transaction, the chief executive officer owned 63,225 shares in the company, valued at approximately $8,858,454.75. This represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Scott Mezvinsky sold 268 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $153.64, for a total transaction of $41,175.52. Following the transaction, the chief executive officer directly owned 482 shares of the company’s stock, valued at $74,054.48. The trade was a 35.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 4,288 shares of company stock worth $666,149. 0.14% of the stock is owned by insiders.

Yum! Brands Profile

Yum! Brands, Inc is a global restaurant company that operates and franchises quick-service restaurants under the KFC, Taco Bell, Pizza Hut and Habit Burger & Grill brands. Its restaurants serve customers through dine-in, takeout, delivery and digital ordering channels.

The company’s brands offer a range of products, including KFC’s chicken meals, Taco Bell’s Mexican-inspired food, Pizza Hut’s pizzas and related items, and Habit Burger & Grill’s chargrilled burgers and sandwiches.