Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Farmers Trust Co.

Farmers Trust Co. lowered its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 5.6% during the third quarter, HoldingsChannel.com reports. The firm owned 6,111 shares of the restaurant operator’s stock after selling 361 shares during the period. Farmers Trust Co.’s holdings in Yum! Brands were worth $854,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in YUM. Vanguard Group Inc. boosted its holdings in Yum! Brands by 24.0% in the 1st quarter. Vanguard Group Inc. now owns 29,012,969 shares of the restaurant operator’s stock worth $4,022,648,000 after buying an additional 5,607,517 shares during the last quarter. Capital World Investors increased its position in shares of Yum! Brands by 23.7% during the first quarter. Capital World Investors now owns 18,121,611 shares of the restaurant operator’s stock worth $2,512,561,000 after purchasing an additional 3,470,883 shares in the last quarter. Capital International Investors raised its stake in Yum! Brands by 10.2% in the 1st quarter. Capital International Investors now owns 14,669,356 shares of the restaurant operator’s stock valued at $2,033,906,000 after purchasing an additional 1,362,813 shares during the last quarter. Sustainable Growth Advisers LP lifted its stake in shares of Yum! Brands by 2.1% in the first quarter. Sustainable Growth Advisers LP now owns 5,939,663 shares of the restaurant operator’s stock worth $823,534,000 after buying an additional 121,285 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in Yum! Brands by 3.4% during the second quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock worth $419,123,000 after acquiring an additional 104,328 shares during the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Yum! Brands Stock Down 1.7 %

Shares of YUM opened at $137.21 on Friday. The company has a market cap of $38.58 billion, a P/E ratio of 24.33, a PEG ratio of 2.14 and a beta of 1.08. Yum! Brands, Inc. has a fifty-two week low of $115.53 and a fifty-two week high of $143.20. The firm’s 50 day moving average price is $134.92 and its 200 day moving average price is $135.41.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.02. The business had revenue of $1.76 billion for 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 in the prior year, the company earned $1.41 earnings per share. Research analysts forecast that Yum! Brands, Inc. will post 5.61 earnings per share for the current year.

Yum! Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Tuesday, August 27th. Yum! Brands’s payout ratio is presently 47.52%.

Insider Transactions at Yum! Brands

In related news, CEO Sabir Sami sold 71,051 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $137.16, for a total value of $9,745,355.16. Following the sale, the chief executive officer now owns 68 shares of the company’s stock, valued at $9,326.88. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Yum! Brands news, CEO Sabir Sami sold 71,051 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 68 shares in the company, valued at $9,326.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David W. Gibbs sold 7,005 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $134.43, for a total value of $941,682.15. Following the transaction, the chief executive officer now directly owns 155,883 shares of the company’s stock, valued at $20,955,351.69. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,629 shares of company stock valued at $13,888,443. 0.31% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

YUM has been the topic of a number of research reports. Robert W. Baird raised their target price on shares of Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Stifel Nicolaus reduced their price target on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Evercore ISI lowered Yum! Brands from an “outperform” rating to an “inline” rating and lowered their price objective for the stock from $160.00 to $145.00 in a research report on Tuesday, July 16th. The Goldman Sachs Group initiated coverage on Yum! Brands in a research report on Thursday, June 13th. They issued a “neutral” rating and a $150.00 target price on the stock. Finally, TD Cowen reiterated a “buy” rating and set a $156.00 price target on shares of Yum! Brands in a report on Thursday, September 12th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $145.25.

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.