Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Relyea Zuckerberg Hanson LLC

Relyea Zuckerberg Hanson LLC decreased its stake in Yum! Brands, Inc. (NYSE:YUM) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,246 shares of the restaurant operator’s stock after selling 305 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in Yum! Brands were worth $570,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC boosted its position in shares of Yum! Brands by 5,077.1% in 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 in the last quarter. International Assets Investment Management LLC raised its position in Yum! Brands by 14,151.9% during the third quarter. International Assets Investment Management LLC now owns 148,220 shares of the restaurant operator’s stock worth $20,708,000 after acquiring an additional 147,180 shares during the last quarter. Geode Capital Management LLC lifted its stake in Yum! Brands by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 7,441,170 shares of the restaurant operator’s stock valued at $1,038,775,000 after buying an additional 111,147 shares in the last quarter. Legal & General Group Plc boosted its stake 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 valued at $419,123,000 after acquiring an additional 104,328 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew 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 buying an additional 73,844 shares in the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Insider Transactions at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,059 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $135.94, for a total transaction of $959,600.46. Following the sale, the chief executive officer now owns 149,385 shares in the company, valued at $20,307,396.90. This represents a 4.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.31% of the company’s stock.

Yum! Brands Price Performance

YUM traded up $0.35 on Friday, reaching $126.59. The company’s stock had a trading volume of 205,707 shares, compared to its average volume of 1,828,901. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $143.20. The business’s 50 day moving average is $134.30 and its 200 day moving average is $133.68. The stock has a market cap of $35.33 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11.

Yum! Brands (NYSE:YUM) last released its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 EPS 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 analysts’ expectations of $1.90 billion. Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.44 earnings per share. As a group, research analysts forecast that Yum! Brands, Inc. will post 5.46 earnings per share for the current fiscal 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 given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Monday, December 2nd. Yum! Brands’s payout ratio is currently 50.09%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on YUM. Bank of America reduced their target price on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. Argus raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research note on Tuesday, December 31st. Loop Capital dropped their price objective on Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. TD Cowen restated a “hold” rating and issued a $145.00 price target on shares of Yum! Brands in a report on Wednesday, November 6th. Finally, Oppenheimer boosted their price objective on shares of Yum! Brands from $154.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $146.24.

About Yum! Brands

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.