International Assets Investment Management LLC Raises Stock Position in Yum! Brands, Inc. (NYSE:YUM)

International Assets Investment Management LLC boosted its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 14,151.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,220 shares of the restaurant operator’s stock after purchasing an additional 147,180 shares during the period. International Assets Investment Management LLC’s holdings in Yum! Brands were worth $20,708,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Commerzbank Aktiengesellschaft FI purchased a new position in Yum! Brands during the third quarter worth about $217,000. Private Advisor Group LLC raised its stake in Yum! Brands by 6.5% during the third quarter. Private Advisor Group LLC now owns 18,079 shares of the restaurant operator’s stock worth $2,526,000 after purchasing an additional 1,110 shares during the period. Eastern Bank purchased a new position in Yum! Brands during the third quarter worth about $1,163,000. Ledyard National Bank raised its stake in Yum! Brands by 26.4% during the third quarter. Ledyard National Bank now owns 2,358 shares of the restaurant operator’s stock worth $329,000 after purchasing an additional 493 shares during the period. Finally, Venture Visionary Partners LLC raised its stake in Yum! Brands by 3.5% during the third quarter. Venture Visionary Partners LLC now owns 4,524 shares of the restaurant operator’s stock worth $632,000 after purchasing an additional 155 shares during the period. 82.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

YUM has been the topic of a number of research analyst reports. Evercore ISI downgraded shares of Yum! Brands from an “outperform” rating to an “inline” rating and reduced their price target for the company from $160.00 to $145.00 in a research note on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Yum! Brands from $143.00 to $147.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Robert W. Baird boosted their price target on shares of Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. TD Cowen downgraded shares of Yum! Brands from a “buy” rating to a “hold” rating and reduced their price target for the company from $156.00 to $145.00 in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. boosted their price target 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. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Yum! Brands presently has a consensus rating of “Hold” and a consensus target price of $146.44.

Yum! Brands Stock Down 0.7 %

NYSE YUM opened at $133.97 on Wednesday. Yum! Brands, Inc. has a 52 week low of $119.26 and a 52 week high of $143.20. The stock has a market capitalization of $37.67 billion, a PE ratio of 24.54, a price-to-earnings-growth ratio of 2.09 and a beta of 1.08. The firm has a 50 day moving average of $134.56 and a two-hundred day moving average of $134.99.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, topping the consensus estimate of $1.33 by $0.02. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the business posted $1.41 EPS. On average, equities research analysts expect that Yum! Brands, Inc. will post 5.59 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum! Brands’s dividend payout ratio (DPR) is presently 49.08%.

Insider Activity

In other news, CEO David W. Gibbs sold 7,005 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $134.43, for a total value of $941,682.15. Following the completion of the transaction, the chief executive officer now owns 155,883 shares in the company, valued at approximately $20,955,351.69. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO David W. Gibbs sold 7,069 shares of the company’s 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 owns 159,132 shares in the company, valued at approximately $21,947,485.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David W. Gibbs sold 7,005 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $134.43, for a total transaction of $941,682.15. Following the completion of the transaction, the chief executive officer now owns 155,883 shares of the company’s stock, valued at approximately $20,955,351.69. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,673 shares of company stock worth $13,918,095. Corporate insiders own 0.31% of the company’s stock.

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.