Pathstone Holdings LLC Sells 1,385 Shares of Yum! Brands, Inc. (NYSE:YUM)

Pathstone Holdings LLC lessened its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,430 shares of the restaurant operator’s stock after selling 1,385 shares during the quarter. Pathstone Holdings LLC’s holdings in Yum! Brands were worth $8,163,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aviance Capital Partners LLC acquired a new position in shares of Yum! Brands in the third quarter valued at approximately $204,000. OneAscent Wealth Management LLC acquired a new position in shares of Yum! Brands during the 3rd quarter worth about $309,000. Strengthening Families & Communities LLC grew its holdings in shares of Yum! Brands by 7.5% in the 3rd quarter. Strengthening Families & Communities LLC now owns 18,128 shares of the restaurant operator’s stock valued at $2,533,000 after acquiring an additional 1,269 shares in the last quarter. Quest Partners LLC raised its holdings in Yum! Brands by 153.1% during the third quarter. Quest Partners LLC now owns 4,016 shares of the restaurant operator’s stock worth $561,000 after acquiring an additional 2,429 shares in the last quarter. Finally, Swiss National Bank boosted its position in Yum! Brands by 0.3% during the third quarter. Swiss National Bank now owns 835,800 shares of the restaurant operator’s stock valued at $116,770,000 after purchasing an additional 2,800 shares during the last quarter. 82.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO David W. Gibbs sold 7,059 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $135.94, for a total value of $959,600.46. Following the completion of the transaction, the chief executive officer now directly owns 149,385 shares in the company, valued at approximately $20,307,396.90. The trade was a 4.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 21,069 shares of company stock valued at $2,842,965 over the last quarter. 0.31% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. TD Cowen reissued a “hold” rating and issued a $145.00 price objective on shares of Yum! Brands in a research report on Wednesday, November 6th. Loop Capital dropped their target price on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Redburn Atlantic cut Yum! Brands from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, Bank of America dropped their price objective on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $145.94.

Yum! Brands Trading Up 1.0 %

Shares of YUM opened at $134.22 on Friday. Yum! Brands, Inc. has a 12 month low of $123.70 and a 12 month high of $143.20. The firm’s 50 day moving average is $134.42 and its 200-day moving average is $134.50. The stock has a market capitalization of $37.46 billion, a PE ratio of 25.09, a P/E/G ratio of 2.22 and a beta of 1.10.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.04). The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.90 billion. Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. Yum! Brands’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.44 earnings per share. Equities research analysts predict that Yum! Brands, Inc. will post 5.48 earnings per share for the current fiscal year.

Yum! Brands 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.