Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp trimmed its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 5.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,993 shares of the restaurant operator’s stock after selling 104 shares during the period. Hancock Whitney Corp’s holdings in Yum! Brands were worth $278,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, CEO David W. Gibbs sold 7,059 shares of Yum! Brands stock in a transaction on Friday, November 15th. The shares were sold at an average price of $135.94, for a total value of $959,600.46. Following the completion of the sale, the chief executive officer now owns 149,385 shares of the company’s stock, valued at approximately $20,307,396.90. The trade was a 4.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 21,069 shares of company stock valued at $2,842,965 over the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Yum! Brands Trading Up 0.5 %

NYSE YUM opened at $139.33 on Thursday. 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 $134.80 and its 200-day simple moving average is $134.50. The company has a market capitalization of $38.88 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 2.34 and a beta of 1.10.

Yum! Brands (NYSE:YUM) last posted 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). The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the business earned $1.44 earnings per share. As a group, analysts predict that Yum! Brands, Inc. will post 5.47 EPS for the current year.

Yum! Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Monday, December 2nd. Yum! Brands’s dividend payout ratio (DPR) is presently 50.09%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on YUM shares. Loop Capital reduced their price objective on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Robert W. Baird increased their price objective on shares of Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Bank of America dropped their target price on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. Redburn Atlantic lowered Yum! Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their price objective on Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $145.94.

Yum! Brands Company 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.