The Manufacturers Life Insurance Company Sells 18,669 Shares of Yum! Brands, Inc. (NYSE:YUM)

The Manufacturers Life Insurance Company lessened its holdings in Yum! Brands, Inc. (NYSE:YUM) by 5.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 313,757 shares of the restaurant operator’s stock after selling 18,669 shares during the quarter. The Manufacturers Life Insurance Company owned 0.10% of Yum! Brands worth $28,646,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Family Firm Inc. bought a new stake in shares of Yum! Brands in the 3rd quarter worth about $203,000. JGP Wealth Management LLC bought a new stake in shares of Yum! Brands in the 3rd quarter worth about $206,000. DekaBank Deutsche Girozentrale grew its holdings in shares of Yum! Brands by 28.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 46,308 shares of the restaurant operator’s stock worth $4,136,000 after purchasing an additional 10,205 shares during the last quarter. Lido Advisors LLC bought a new stake in shares of Yum! Brands in the 2nd quarter worth about $403,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of Yum! Brands by 11.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 28,485 shares of the restaurant operator’s stock worth $2,476,000 after purchasing an additional 2,866 shares during the last quarter. 75.22% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Tracy L. Skeans sold 4,800 shares of the stock in a transaction that occurred on Wednesday, November 18th. The stock was sold at an average price of $105.00, for a total value of $504,000.00. Following the completion of the sale, the insider now owns 3,289 shares of the company’s stock, valued at approximately $345,345. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Anthony Lowings sold 4,095 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $96.12, for a total value of $393,611.40. In the last three months, insiders sold 33,953 shares of company stock valued at $3,369,254. 0.72% of the stock is currently owned by insiders.

Several research firms have recently weighed in on YUM. Stifel Nicolaus upped their target price on shares of Yum! Brands from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, September 8th. Bank of America upped their target price on shares of Yum! Brands from $90.00 to $98.00 and gave the stock a “neutral” rating in a report on Friday, August 28th. Deutsche Bank Aktiengesellschaft upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and upped their price target for the stock from $80.00 to $107.00 in a research report on Monday, August 3rd. Credit Suisse Group upped their price target on shares of Yum! Brands from $99.00 to $103.00 and gave the stock a “neutral” rating in a research report on Friday, October 30th. Finally, Oppenheimer upped their price target on shares of Yum! Brands from $103.00 to $108.00 and gave the stock an “outperform” rating in a research report on Monday, August 17th. Fourteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $101.21.

Shares of YUM opened at $104.99 on Friday. The stock has a market capitalization of $31.67 billion, a P/E ratio of 31.53, a P/E/G ratio of 2.49 and a beta of 0.93. Yum! Brands, Inc. has a twelve month low of $54.95 and a twelve month high of $107.62. The company has a 50 day moving average of $98.21 and a 200-day moving average of $92.57.

Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Thursday, October 29th. The restaurant operator reported $1.01 EPS for the quarter, beating the consensus estimate of $0.79 by $0.22. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. Yum! Brands had a negative return on equity of 12.42% and a net margin of 18.78%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 EPS. Equities research analysts forecast that Yum! Brands, Inc. will post 3.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Wednesday, November 25th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Tuesday, November 24th. Yum! Brands’s payout ratio is presently 52.96%.

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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