Retirement Systems of Alabama Sells 272 Shares of Yum! Brands, Inc. (NYSE:YUM)

Retirement Systems of Alabama lessened its holdings in Yum! Brands, Inc. (NYSE:YUM) by 0.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,853 shares of the restaurant operator’s stock after selling 272 shares during the period. Retirement Systems of Alabama’s holdings in Yum! Brands were worth $8,641,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Los Angeles Capital Management LLC lifted its stake in shares of Yum! Brands by 5,077.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 182,130 shares of the restaurant operator’s stock worth $25,445,000 after buying an additional 178,612 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Yum! Brands by 14,151.9% in the 3rd quarter. International Assets Investment Management LLC now owns 148,220 shares of the restaurant operator’s stock valued at $20,708,000 after acquiring an additional 147,180 shares during the period. Geode Capital Management LLC lifted its position in Yum! Brands by 1.5% during the third quarter. Geode Capital Management LLC now owns 7,441,170 shares of the restaurant operator’s stock worth $1,038,775,000 after acquiring an additional 111,147 shares during the last quarter. Legal & General Group Plc lifted its position in Yum! Brands by 3.4% during the second quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock worth $419,123,000 after acquiring an additional 104,328 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Yum! Brands by 140.1% during the second quarter. Canada Pension Plan Investment Board now owns 126,550 shares of the restaurant operator’s stock worth $16,763,000 after acquiring an additional 73,844 shares during the period. Institutional investors own 82.37% of the company’s stock.

Insider Activity

In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $134.43, for a total transaction of $941,682.15. Following the completion of the sale, the chief executive officer now owns 152,634 shares of the company’s stock, valued at approximately $20,518,588.62. This represents a 4.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 17,879 shares of company stock worth $2,424,167. Insiders own 0.31% of the company’s stock.

Yum! Brands Price Performance

NYSE YUM opened at $134.73 on Wednesday. The business has a fifty day moving average price of $135.43 and a two-hundred day moving average price of $134.47. The stock has a market capitalization of $37.60 billion, a PE ratio of 25.18, a PEG ratio of 2.37 and a beta of 1.10. Yum! Brands, Inc. has a fifty-two week low of $124.76 and a fifty-two week high of $143.20.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.04). The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.90 billion. Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. Yum! Brands’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.44 earnings per share. As a group, sell-side analysts expect that Yum! Brands, Inc. will post 5.47 earnings per share for the current year.

Yum! Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were issued a $0.67 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.99%. Yum! Brands’s dividend payout ratio (DPR) is currently 50.09%.

Analyst Ratings Changes

YUM has been the topic of a number of recent research reports. 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. JPMorgan Chase & Co. increased 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. Redburn Atlantic cut shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Loop Capital lowered their price target on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.