Yum! Brands, Inc. (NYSE:YUM) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its stake in Yum! Brands, Inc. (NYSE:YUM) by 21.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 95,715 shares of the restaurant operator’s stock after selling 25,504 shares during the period. State of Alaska Department of Revenue’s holdings in Yum! Brands were worth $10,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Private Trust Co. NA boosted its stake in shares of Yum! Brands by 10.8% during the third quarter. Private Trust Co. NA now owns 15,909 shares of the restaurant operator’s stock worth $1,804,000 after buying an additional 1,550 shares during the period. Atria Investments LLC boosted its stake in shares of Yum! Brands by 36.7% during the second quarter. Atria Investments LLC now owns 7,663 shares of the restaurant operator’s stock worth $892,000 after buying an additional 2,059 shares during the period. RFG Advisory LLC acquired a new stake in shares of Yum! Brands during the second quarter worth about $210,000. BlackRock Inc. boosted its stake in shares of Yum! Brands by 13.3% during the second quarter. BlackRock Inc. now owns 25,133,613 shares of the restaurant operator’s stock worth $2,781,538,000 after buying an additional 2,947,074 shares during the period. Finally, Natixis boosted its stake in shares of Yum! Brands by 27.3% during the second quarter. Natixis now owns 126,177 shares of the restaurant operator’s stock worth $13,964,000 after buying an additional 27,059 shares during the period. Institutional investors own 75.26% of the company’s stock.

In other Yum! Brands news, President David W. Gibbs sold 1,578 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $110.48, for a total value of $174,337.44. Following the completion of the transaction, the president now directly owns 42,928 shares of the company’s stock, valued at $4,742,685.44. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Greg Creed sold 11,389 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $116.93, for a total transaction of $1,331,715.77. Following the completion of the transaction, the chief executive officer now directly owns 25,004 shares of the company’s stock, valued at $2,923,717.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,953 shares of company stock valued at $2,653,229. 0.67% of the stock is currently owned by corporate insiders.

NYSE YUM traded up $0.98 during trading hours on Friday, hitting $114.66. 1,200,373 shares of the stock were exchanged, compared to its average volume of 1,622,390. Yum! Brands, Inc. has a 12-month low of $84.53 and a 12-month high of $119.72. The company has a market cap of $34.89 billion, a price-to-earnings ratio of 36.17, a price-to-earnings-growth ratio of 2.38 and a beta of 0.50. The stock has a 50-day moving average of $114.99 and a 200 day moving average of $108.52.

Yum! Brands (NYSE:YUM) last issued its earnings results on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.06. Yum! Brands had a net margin of 24.29% and a negative return on equity of 13.02%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the company posted $0.82 earnings per share. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, analysts expect that Yum! Brands, Inc. will post 3.87 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 19th were issued a $0.42 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.68 dividend on an annualized basis and a yield of 1.47%. Yum! Brands’s dividend payout ratio (DPR) is presently 53.00%.

Several equities research analysts have recently weighed in on the stock. MKM Partners assumed coverage on shares of Yum! Brands in a research note on Tuesday, August 13th. They set a “neutral” rating and a $125.00 target price for the company. Evercore ISI reissued a “buy” rating and set a $130.00 price target on shares of Yum! Brands in a report on Tuesday, August 13th. Longbow Research cut shares of Yum! Brands from a “neutral” rating to an “underperform” rating and set a $91.00 price target for the company. in a report on Monday, July 1st. JPMorgan Chase & Co. increased their price target on shares of Yum! Brands from $97.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. Finally, Credit Suisse Group started coverage on shares of Yum! Brands in a report on Tuesday, June 25th. They set a “neutral” rating and a $106.00 price target for the company. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. Yum! Brands currently has an average rating of “Hold” and a consensus target price of $110.65.

About Yum! Brands

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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