Jacobs & Co. CA Sells 2,489 Shares of Yum! Brands, Inc. (NYSE:YUM)

Jacobs & Co. CA lowered its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,047 shares of the restaurant operator’s stock after selling 2,489 shares during the quarter. Jacobs & Co. CA’s holdings in Yum! Brands were worth $7,787,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of YUM. Safe Harbor Fiduciary LLC acquired a new stake in Yum! Brands in the 3rd quarter worth $29,000. DiNuzzo Private Wealth Inc. boosted its position in shares of Yum! Brands by 957.1% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 201 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of Yum! Brands by 43.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 82 shares in the last quarter. Kimelman & Baird LLC acquired a new stake in shares of Yum! Brands during the 2nd quarter valued at about $37,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Yum! Brands during the 2nd quarter valued at about $39,000. Institutional investors own 82.37% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on YUM shares. TD Cowen reiterated a “hold” rating and set a $145.00 target price on shares of Yum! Brands in a research report on Wednesday, November 6th. Oppenheimer lifted their price target on shares of Yum! Brands from $154.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday. Redburn Atlantic downgraded shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft cut their price target 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. Finally, Citigroup reissued a “neutral” rating and set a $141.00 price target (down from $153.00) on shares of Yum! Brands in a report on Friday. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $145.61.

Yum! Brands Price Performance

Shares of Yum! Brands stock traded down $3.42 on Friday, hitting $124.32. The company had a trading volume of 1,357,387 shares, compared to its average volume of 1,887,285. The firm has a market capitalization of $34.69 billion, a P/E ratio of 23.24, a P/E/G ratio of 2.37 and a beta of 1.11. Yum! Brands, Inc. has a twelve month low of $124.04 and a twelve month high of $143.20. The stock has a 50-day moving average of $135.03 and a 200-day moving average of $133.90.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The business had revenue of $1.83 billion during 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%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.44 EPS. Equities analysts predict that Yum! Brands, Inc. will post 5.47 EPS for the current year.

Yum! Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.16%. The ex-dividend date was Monday, December 2nd. Yum! Brands’s dividend payout ratio (DPR) is currently 50.09%.

Insiders Place Their Bets

In other news, CEO David W. Gibbs sold 7,059 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $135.94, for a total value of $959,600.46. Following the transaction, the chief executive officer now directly owns 149,385 shares of the company’s stock, valued at $20,307,396.90. This represents a 4.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 17,879 shares of company stock valued at $2,424,167. 0.31% of the stock is currently owned by corporate 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.