Burns J W & Co. Inc. NY Sells 803 Shares of Yum! Brands, Inc. (NYSE:YUM)

Burns J W & Co. Inc. NY decreased its position in Yum! Brands, Inc. (NYSE:YUM) by 3.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 21,379 shares of the restaurant operator’s stock after selling 803 shares during the period. Burns J W & Co. Inc. NY’s holdings in Yum! Brands were worth $2,987,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Norden Group LLC acquired a new position in Yum! Brands in the 1st quarter valued at approximately $3,415,000. Legal & General Group Plc raised its holdings in Yum! Brands by 3.4% in 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 acquiring an additional 104,328 shares in the last quarter. Leo Wealth LLC acquired a new position in Yum! Brands in the 4th quarter valued at approximately $268,000. Marshall Wace LLP acquired a new position in Yum! Brands in the 2nd quarter valued at approximately $7,645,000. Finally, Syon Capital LLC raised its holdings in Yum! Brands by 3.0% in the 4th quarter. Syon Capital LLC now owns 3,342 shares of the restaurant operator’s stock valued at $437,000 after acquiring an additional 96 shares in the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on YUM shares. Robert W. Baird upped their price target on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. The Goldman Sachs Group initiated coverage on Yum! Brands in a report on Thursday, June 13th. They issued a “neutral” rating and a $150.00 target price for the company. JPMorgan Chase & Co. increased their target price on Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft increased their target price on Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, TD Cowen reissued a “buy” rating and issued a $156.00 target price 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $145.25.

Insider Buying and Selling at Yum! Brands

In other 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 transaction, the chief executive officer now directly owns 68 shares in the company, 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. In other news, CEO David W. Gibbs sold 7,069 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 159,132 shares in the company, valued at $21,947,485.44. 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 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 completion of the transaction, the chief executive officer now owns 68 shares in the company, valued at $9,326.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 101,629 shares of company stock worth $13,888,443. Insiders own 0.31% of the company’s stock.

Yum! Brands Stock Performance

YUM traded down $0.64 during mid-day trading on Friday, reaching $136.57. The stock had a trading volume of 1,229,588 shares, compared to its average volume of 1,980,811. The stock has a market capitalization of $38.40 billion, a P/E ratio of 24.21, a P/E/G ratio of 2.14 and a beta of 1.08. The firm’s fifty day simple moving average is $135.09 and its two-hundred day simple moving average is $135.42. Yum! Brands, Inc. has a 52 week low of $115.53 and a 52 week high of $143.20.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.02. The firm 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 period last year, the company earned $1.41 EPS. As a group, analysts expect that Yum! Brands, Inc. will post 5.61 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were given a $0.67 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $2.68 dividend on an annualized basis and a yield of 1.96%. Yum! Brands’s payout ratio is 47.52%.

Yum! Brands Company 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.