Yum! Brands, Inc. (NYSE:YUM) Holdings Lowered by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in Yum! Brands, Inc. (NYSE:YUM) by 9.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,787,106 shares of the restaurant operator’s stock after selling 185,549 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Yum! Brands were worth $249,677,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. DiNuzzo Private Wealth Inc. lifted its position in Yum! Brands by 957.1% in the third quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 201 shares during the period. Meeder Asset Management Inc. boosted its stake in Yum! Brands by 43.6% during the second quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 82 shares in the last quarter. Kimelman & Baird LLC acquired a new position in Yum! Brands during the second quarter worth about $37,000. Iron Horse Wealth Management LLC lifted its holdings in Yum! Brands by 3,088.9% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 287 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 278 shares during the last quarter. Finally, Horizons Wealth Management bought a new position in shares of Yum! Brands during the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 82.37% of the company’s stock.

Yum! Brands Trading Down 0.3 %

Yum! Brands stock opened at $138.94 on Friday. Yum! Brands, Inc. has a 1-year low of $123.70 and a 1-year high of $143.20. The firm’s fifty day simple moving average is $135.15 and its 200-day simple moving average is $134.55. The company has a market capitalization of $38.77 billion, a P/E ratio of 25.97, a P/E/G ratio of 2.41 and a beta of 1.10.

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 analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.90 billion. During the same period in the prior year, the firm earned $1.44 EPS. Yum! Brands’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities research analysts predict that Yum! Brands, Inc. will post 5.47 earnings per share for the current year.

Yum! Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.68 annualized dividend and a yield of 1.93%. Yum! Brands’s dividend payout ratio (DPR) is presently 50.09%.

Analysts Set New Price Targets

Several research firms recently commented on YUM. Bank of America cut their target price on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft reduced their price objective on Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Robert W. Baird boosted their target price on Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Loop Capital reduced their target price on Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Finally, TD Cowen reissued a “hold” rating and issued a $145.00 price target on shares of Yum! Brands in a research note on Wednesday, November 6th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $145.94.

Insider Transactions at Yum! Brands

In related news, CEO David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $134.43, for a total value of $941,682.15. Following the transaction, the chief executive officer now owns 152,634 shares in the company, valued at $20,518,588.62. This trade represents a 4.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 21,069 shares of company stock worth $2,842,965. 0.31% of the stock is owned by insiders.

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.