Yum! Brands, Inc. (NYSE:YUM) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank raised its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 15.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,446 shares of the restaurant operator’s stock after buying an additional 17,133 shares during the period. Toronto Dominion Bank’s holdings in Yum! Brands were worth $17,805,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of 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 purchasing an additional 111,147 shares in the last quarter. Legal & General Group Plc lifted its position in shares of 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 purchasing an additional 104,328 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Yum! Brands by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,632,862 shares of the restaurant operator’s stock worth $228,127,000 after purchasing an additional 6,537 shares in the last quarter. Cantillon Capital Management LLC lifted its position in shares of Yum! Brands by 3.8% during the third quarter. Cantillon Capital Management LLC now owns 1,428,040 shares of the restaurant operator’s stock worth $199,511,000 after purchasing an additional 51,690 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Yum! Brands by 6.7% during the second quarter. Dimensional Fund Advisors LP now owns 930,402 shares of the restaurant operator’s stock worth $123,243,000 after purchasing an additional 58,437 shares in the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.

Yum! Brands Trading Up 0.1 %

Shares of NYSE YUM opened at $138.64 on Friday. Yum! Brands, Inc. has a twelve month low of $124.76 and a twelve month high of $143.20. The company has a market capitalization of $38.69 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 2.39 and a beta of 1.10. The firm has a 50-day moving average of $135.41 and a two-hundred day moving average of $134.48.

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

Yum! Brands Dividend Announcement

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

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,059 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $135.94, for a total transaction of $959,600.46. Following the completion of the sale, the chief executive officer now directly owns 149,385 shares of the company’s stock, valued at approximately $20,307,396.90. This represents a 4.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 21,069 shares of company stock valued at $2,842,965. 0.31% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. TD Cowen reaffirmed a “hold” rating and issued a $145.00 price target on shares of Yum! Brands in a report on Wednesday, November 6th. Loop Capital lowered their target price on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Bank of America lowered 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Yum! Brands presently 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.