Frank Rimerman Advisors LLC Sells 347 Shares of Yum! Brands, Inc. (NYSE:YUM)

Frank Rimerman Advisors LLC cut its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 9.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,181 shares of the restaurant operator’s stock after selling 347 shares during the period. Frank Rimerman Advisors LLC’s holdings in Yum! Brands were worth $444,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norden Group LLC purchased a new stake in Yum! Brands during the first quarter valued at $3,415,000. Legal & General Group Plc increased its position in shares of Yum! Brands by 3.4% during the 2nd quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock valued at $419,123,000 after purchasing an additional 104,328 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Yum! Brands in the 2nd quarter worth approximately $7,645,000. Canada Pension Plan Investment Board boosted its holdings in shares of Yum! Brands by 140.1% in 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 during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in Yum! Brands by 1.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 333,131 shares of the restaurant operator’s stock valued at $44,000,000 after buying an additional 5,137 shares during the period. 82.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price target 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. Stifel Nicolaus lowered their target price on Yum! Brands from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Bank of America reduced their price target on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price objective on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, Evercore ISI lowered shares of Yum! Brands from an “outperform” rating to an “inline” rating and reduced their target price for the stock from $160.00 to $145.00 in a report on Tuesday, July 16th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $146.44.

Insider Buying and Selling

In other Yum! Brands news, CEO David W. Gibbs sold 7,069 shares of Yum! Brands stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $137.92, for a total value 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 $21,947,485.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Sabir Sami sold 71,051 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $137.16, for a total value of $9,745,355.16. Following the completion of the sale, the chief executive officer now directly owns 68 shares of the company’s stock, valued at $9,326.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David W. Gibbs sold 7,069 shares of Yum! Brands stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $137.92, for a total value of $974,956.48. Following the completion of the transaction, the chief executive officer now 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 101,673 shares of company stock worth $13,918,095. Insiders own 0.31% of the company’s stock.

Yum! Brands Stock Performance

YUM opened at $134.86 on Tuesday. The stock has a market capitalization of $37.92 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 2.09 and a beta of 1.08. The company has a fifty day moving average of $134.62 and a 200 day moving average of $135.02. Yum! Brands, Inc. has a fifty-two week low of $119.26 and a fifty-two week high of $143.20.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share 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 analyst estimates of $1.80 billion. Yum! Brands had a negative return on equity of 18.90% and a net margin of 21.96%. During the same quarter last year, the business posted $1.41 earnings per share. On average, equities research analysts forecast that Yum! Brands, Inc. will post 5.59 earnings per share for the current year.

Yum! Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum! Brands’s dividend payout ratio (DPR) is presently 49.08%.

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.