Canandaigua National Bank & Trust Co. Raises Stake in Yum! Brands, Inc. (NYSE:YUM)

Canandaigua National Bank & Trust Co. raised its position in Yum! Brands, Inc. (NYSE:YUM) by 17.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,512 shares of the restaurant operator’s stock after acquiring an additional 1,276 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Yum! Brands were worth $1,189,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Czech National Bank lifted its stake in Yum! Brands by 6.7% in the third quarter. Czech National Bank now owns 57,276 shares of the restaurant operator’s stock worth $8,002,000 after acquiring an additional 3,609 shares during the last quarter. Jacobs & Co. CA lifted its stake in Yum! Brands by 5.2% in the third quarter. Jacobs & Co. CA now owns 60,536 shares of the restaurant operator’s stock worth $8,457,000 after acquiring an additional 2,990 shares during the last quarter. Heritage Wealth Management Inc. purchased a new stake in shares of Yum! Brands during the 2nd quarter worth approximately $456,000. Sanctuary Advisors LLC purchased a new stake in shares of Yum! Brands during the 2nd quarter worth approximately $6,156,000. Finally, Centennial Bank AR lifted its position in shares of Yum! Brands by 5.4% during the 2nd quarter. Centennial Bank AR now owns 1,945 shares of the restaurant operator’s stock worth $258,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Yum! Brands Trading Down 0.5 %

Shares of YUM traded down $0.64 during mid-day trading on Friday, hitting $136.57. 1,229,170 shares of the company’s stock were exchanged, compared to its average volume of 1,980,811. Yum! Brands, Inc. has a fifty-two week low of $115.53 and a fifty-two week high of $143.20. The firm has a market capitalization of $38.40 billion, a P/E ratio of 24.21, a P/E/G ratio of 2.14 and a beta of 1.08. The business’s 50 day moving average is $135.09 and its two-hundred day moving average is $135.42.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.02. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. During the same quarter last year, the firm earned $1.41 earnings per share. On average, equities research analysts forecast that Yum! Brands, Inc. will post 5.61 earnings per share for the current year.

Yum! Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were given a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $2.68 dividend on an annualized basis and a yield of 1.96%. Yum! Brands’s payout ratio is currently 47.52%.

Insider Activity at Yum! Brands

In related news, Director Weir Mirian M. Graddick sold 1,309 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $137.40, for a total value of $179,856.60. Following the completion of the sale, the director now owns 1,233 shares in the company, valued at $169,414.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Yum! Brands news, Director Weir Mirian M. Graddick sold 1,309 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $137.40, for a total value of $179,856.60. Following the completion of the transaction, the director now directly owns 1,233 shares of the company’s stock, valued at approximately $169,414.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David W. Gibbs sold 7,069 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $137.92, for a total transaction of $974,956.48. Following the completion of the transaction, the chief executive officer now directly owns 159,132 shares of the company’s stock, valued at approximately $21,947,485.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,629 shares of company stock worth $13,888,443 over the last 90 days. Company insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on YUM. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group began coverage on shares of Yum! Brands in a research report on Thursday, June 13th. They set a “neutral” rating and a $150.00 price objective for the company. Stifel Nicolaus reduced their price objective on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Evercore ISI downgraded shares of Yum! Brands from an “outperform” rating to an “inline” rating and reduced their price objective for the stock from $160.00 to $145.00 in a research report on Tuesday, July 16th. Finally, TD Cowen restated a “buy” rating and set a $156.00 price objective on shares of Yum! Brands in a research report on Thursday, September 12th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $145.25.

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.