Ballentine Partners LLC Purchases 350 Shares of Yum! Brands, Inc. (NYSE:YUM)

Ballentine Partners LLC increased its position in Yum! Brands, Inc. (NYSE:YUM) by 5.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,313 shares of the restaurant operator’s stock after acquiring an additional 350 shares during the quarter. Ballentine Partners LLC’s holdings in Yum! Brands were worth $1,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators grew its stake in shares of Yum! Brands by 3.9% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 2,049 shares of the restaurant operator’s stock valued at $271,000 after purchasing an additional 76 shares during the period. Legacy Financial Advisors Inc. increased its holdings in Yum! Brands by 2.2% during the second quarter. Legacy Financial Advisors Inc. now owns 3,460 shares of the restaurant operator’s stock valued at $458,000 after buying an additional 76 shares during the last quarter. Wesbanco Bank Inc. increased its holdings in Yum! Brands by 1.9% during the second quarter. Wesbanco Bank Inc. now owns 4,169 shares of the restaurant operator’s stock valued at $552,000 after buying an additional 78 shares during the last quarter. Diversified Trust Co raised its position in Yum! Brands by 2.4% in the third quarter. Diversified Trust Co now owns 3,321 shares of the restaurant operator’s stock worth $464,000 after acquiring an additional 79 shares during the period. Finally, Choreo LLC boosted its stake in shares of Yum! Brands by 1.6% during the 1st quarter. Choreo LLC now owns 5,312 shares of the restaurant operator’s stock worth $737,000 after acquiring an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Insider Activity at Yum! Brands

In other Yum! Brands news, Director Weir Mirian M. Graddick sold 1,309 shares of Yum! Brands stock in a transaction on Monday, August 19th. The shares were sold at an average price of $137.40, for a total value of $179,856.60. Following the completion of the transaction, the director now directly owns 1,233 shares of the company’s stock, valued at $169,414.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Weir Mirian M. Graddick sold 1,309 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $137.40, for a total value of $179,856.60. Following the completion of the sale, the director now directly owns 1,233 shares of the company’s stock, valued at $169,414.20. 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 David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $134.43, for a total value of $941,682.15. Following the completion of the transaction, the chief executive officer now owns 152,634 shares of the company’s stock, valued at approximately $20,518,588.62. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,673 shares of company stock valued at $13,918,095 over the last 90 days. 0.31% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. raised 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. Stifel Nicolaus lowered their price objective on Yum! Brands from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. TD Cowen lowered shares of Yum! Brands from a “buy” rating to a “hold” rating and reduced their target price for the stock from $156.00 to $145.00 in a report on Wednesday, October 16th. Evercore ISI cut shares of Yum! Brands from an “outperform” rating to an “inline” rating and decreased their target price for the stock from $160.00 to $145.00 in a research note on Tuesday, July 16th. Finally, Robert W. Baird upped their price target on shares of Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Yum! Brands presently has a consensus rating of “Hold” and a consensus target price of $146.44.

Yum! Brands Stock Down 0.1 %

Shares of YUM stock opened at $133.04 on Friday. The stock has a market cap of $37.47 billion, a P/E ratio of 23.59, a PEG ratio of 2.07 and a beta of 1.08. The company’s fifty day simple moving average is $134.66 and its two-hundred day simple moving average is $135.07. Yum! Brands, Inc. has a 52 week low of $118.28 and a 52 week high of $143.20.

Yum! Brands (NYSE:YUM) last posted its earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.02. Yum! Brands had a negative return on equity of 18.90% and a net margin of 21.96%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the business earned $1.41 earnings per share. On average, analysts anticipate that Yum! Brands, Inc. will post 5.6 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum! Brands’s dividend payout ratio (DPR) is presently 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.