Central Pacific Bank Trust Division Sells 5,564 Shares of Yum! Brands, Inc. (NYSE:YUM)

Central Pacific Bank Trust Division reduced its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 90.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 564 shares of the restaurant operator’s stock after selling 5,564 shares during the period. Central Pacific Bank Trust Division’s holdings in Yum! Brands were worth $79,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Norden Group LLC bought a new stake in shares of Yum! Brands during the 1st quarter worth $3,415,000. Legal & General Group Plc lifted its position in shares of Yum! Brands by 3.4% during the 2nd quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock worth $419,123,000 after buying an additional 104,328 shares during the last quarter. Leo Wealth LLC bought a new stake in shares of Yum! Brands during the 4th quarter worth $268,000. Marshall Wace LLP bought a new stake in shares of Yum! Brands during the 2nd quarter worth $7,645,000. Finally, Syon Capital LLC lifted its position in shares of Yum! Brands by 3.0% during the 4th quarter. Syon Capital LLC now owns 3,342 shares of the restaurant operator’s stock worth $437,000 after buying an additional 96 shares during the last quarter. 82.37% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO David W. Gibbs sold 7,069 shares of the firm’s stock in a transaction that occurred 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 owns 159,132 shares in the company, valued at $21,947,485.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Sabir Sami sold 71,051 shares of Yum! Brands stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $137.16, for a total transaction of $9,745,355.16. Following the sale, the chief executive officer now directly owns 68 shares in the company, valued at approximately $9,326.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 completion of the sale, the chief executive officer now directly owns 159,132 shares of the company’s stock, valued at $21,947,485.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,629 shares of company stock worth $13,888,443 over the last 90 days. 0.31% of the stock is currently owned by corporate insiders.

Yum! Brands Stock Down 0.5 %

NYSE:YUM traded down $0.64 on Friday, hitting $136.57. The stock had a trading volume of 1,229,170 shares, compared to its average volume of 1,980,811. The business’s fifty day moving average is $135.09 and its 200 day moving average is $135.42. The company has a market cap of $38.40 billion, a PE ratio of 24.21, a P/E/G ratio of 2.14 and a beta of 1.08. 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 results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate 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. Equities analysts predict that Yum! Brands, Inc. will post 5.61 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Evercore ISI downgraded Yum! Brands from an “outperform” rating to an “inline” rating and dropped their target price for the company from $160.00 to $145.00 in a research report on Tuesday, July 16th. Stifel Nicolaus dropped their target price on Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft increased their target price on Yum! Brands from $143.00 to $147.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group assumed coverage on Yum! Brands in a research report on Thursday, June 13th. They issued a “neutral” rating and a $150.00 target price for the company. Finally, Robert W. Baird increased their target price on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $145.25.

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.