OneDigital Investment Advisors LLC Reduces Position in Yum! Brands, Inc. (NYSE:YUM)

OneDigital Investment Advisors LLC decreased its position in Yum! Brands, Inc. (NYSE:YUM) by 14.0% in the third quarter, HoldingsChannel.com reports. The fund owned 13,187 shares of the restaurant operator’s stock after selling 2,155 shares during the period. OneDigital Investment Advisors LLC’s holdings in Yum! Brands were worth $1,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital World Investors raised its stake in shares of Yum! Brands by 23.7% in the first quarter. Capital World Investors now owns 18,121,611 shares of the restaurant operator’s stock worth $2,512,561,000 after purchasing an additional 3,470,883 shares during the last quarter. Capital International Investors increased its holdings in Yum! Brands by 10.2% in the 1st quarter. Capital International Investors now owns 14,669,356 shares of the restaurant operator’s stock worth $2,033,906,000 after buying an additional 1,362,813 shares during the period. Legal & General Group Plc raised its position in Yum! Brands by 3.4% during the 2nd quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock worth $419,123,000 after buying an additional 104,328 shares during the last quarter. Epoch Investment Partners Inc. lifted its stake in Yum! Brands by 34.1% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,681,933 shares of the restaurant operator’s stock valued at $233,200,000 after acquiring an additional 427,487 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Yum! Brands by 6.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 930,402 shares of the restaurant operator’s stock valued at $123,243,000 after acquiring an additional 58,437 shares during the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Insider Activity

In related news, CEO David W. Gibbs sold 7,005 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $134.43, for a total value of $941,682.15. Following the transaction, the chief executive officer now directly owns 152,634 shares in the company, valued at approximately $20,518,588.62. This represents a 4.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.31% of the company’s stock.

Yum! Brands Stock Performance

NYSE:YUM opened at $133.59 on Monday. The stock has a 50 day moving average price of $134.42 and a 200 day moving average price of $134.54. The stock has a market cap of $37.28 billion, a PE ratio of 24.97, a P/E/G ratio of 2.25 and a beta of 1.10. Yum! Brands, Inc. has a one year low of $123.70 and a one year high of $143.20.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the prior year, the firm earned $1.44 EPS. The firm’s revenue was up 6.9% on a year-over-year basis. As a group, analysts predict that Yum! Brands, Inc. will post 5.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on YUM shares. Robert W. Baird boosted their target price on shares of Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Bank of America lowered their target price on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Redburn Atlantic cut Yum! Brands from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. upped their price objective on Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, Stifel Nicolaus cut their target price on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Twelve analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $145.94.

Yum! Brands 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.