Mutual of America Capital Management LLC Has $4.84 Million Stake in Yum! Brands, Inc. (NYSE:YUM)

Mutual of America Capital Management LLC cut its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 2.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,643 shares of the restaurant operator’s stock after selling 897 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Yum! Brands were worth $4,840,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Crewe Advisors LLC bought a new position in Yum! Brands in the 1st quarter valued at about $28,000. DiNuzzo Private Wealth Inc. increased its stake in Yum! Brands by 957.1% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 201 shares during the period. Meeder Asset Management Inc. increased its stake in Yum! Brands by 43.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 82 shares during the period. Kimelman & Baird LLC acquired a new position in Yum! Brands in the 2nd quarter valued at $37,000. Finally, Iron Horse Wealth Management LLC lifted its position in shares of Yum! Brands by 3,088.9% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 287 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 278 shares during the period. Institutional investors own 82.37% of the company’s stock.

Insider Activity at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,059 shares of the stock in a transaction dated Friday, November 15th. The stock was 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 in the company, valued at approximately $20,307,396.90. This trade represents a 4.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 21,069 shares of company stock worth $2,842,965 over the last quarter. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

YUM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Redburn Atlantic lowered shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Loop Capital lowered their price objective on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. TD Cowen reaffirmed a “hold” rating and issued a $145.00 target price on shares of Yum! Brands in a report on Wednesday, November 6th. Finally, Bank of America lowered their price target on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $145.94.

Yum! Brands Trading Up 0.6 %

NYSE YUM opened at $132.88 on Thursday. The firm has a market capitalization of $37.08 billion, a PE ratio of 24.84, a price-to-earnings-growth ratio of 2.26 and a beta of 1.10. The business’s 50-day moving average price is $134.40 and its two-hundred day moving average price is $134.50. Yum! Brands, Inc. has a 12 month low of $123.70 and a 12 month high of $143.20.

Yum! Brands (NYSE:YUM) last released its 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 firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period in the prior year, the company posted $1.44 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, analysts forecast that Yum! Brands, Inc. will post 5.48 earnings per share for the current fiscal year.

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.