Yum! Brands, Inc. (NYSE:YUM) Shares Bought by Cerity Partners LLC

Cerity Partners LLC boosted its stake in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 11.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 109,928 shares of the restaurant operator's stock after purchasing an additional 11,207 shares during the quarter. Cerity Partners LLC's holdings in Yum! Brands were worth $15,358,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. DiNuzzo Private Wealth Inc. lifted its position in Yum! Brands by 957.1% during the third quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator's stock valued at $31,000 after buying an additional 201 shares in the last quarter. Meeder Asset Management Inc. raised its stake in shares of Yum! Brands by 43.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator's stock valued at $36,000 after acquiring an additional 82 shares during the period. Kimelman & Baird LLC acquired a new position in shares of Yum! Brands during the 2nd quarter valued at $37,000. Iron Horse Wealth Management LLC boosted its position in Yum! Brands by 3,088.9% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 287 shares of the restaurant operator's stock worth $38,000 after purchasing an additional 278 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Yum! Brands in the 2nd quarter valued at $39,000. Hedge funds and other institutional investors own 82.37% of the company's stock.

Insider Buying and Selling

In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were 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 in the company, valued at approximately $20,518,588.62. This represents a 4.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 21,069 shares of company stock worth $2,842,965 in the last three months. 0.31% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Bank of America decreased their target price on Yum! Brands from $147.00 to $145.00 and set a "neutral" rating for the company in a research report on Tuesday, October 22nd. TD Cowen reaffirmed a "hold" rating and issued a $145.00 price objective on shares of Yum! Brands in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Yum! Brands from $147.00 to $145.00 and set a "hold" rating on the stock in a research report on Wednesday, November 6th. JPMorgan Chase & Co. raised their price target on shares of Yum! Brands from $137.00 to $144.00 and gave the company a "neutral" rating in a report on Monday, September 16th. Finally, Redburn Atlantic lowered shares of Yum! Brands from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $145.94.

Yum! Brands Trading Up 0.9 %

Yum! Brands stock traded up $1.25 during mid-day trading on Tuesday, reaching $138.30. The company's stock had a trading volume of 736,307 shares, compared to its average volume of 1,938,053. The firm has a market cap of $38.60 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 2.28 and a beta of 1.10. Yum! Brands, Inc. has a twelve month low of $123.70 and a twelve month high of $143.20. The business has a 50 day moving average price of $134.50 and a 200-day moving average price of $134.46.

Yum! Brands (NYSE:YUM - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share for the quarter, missing analysts' consensus estimates of $1.41 by ($0.04). Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the prior year, the company earned $1.44 EPS. Yum! Brands's quarterly revenue was up 6.9% on a year-over-year basis. On average, equities analysts expect that Yum! Brands, Inc. will post 5.47 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be paid a dividend of $0.67 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 1.94%. Yum! Brands's payout ratio is currently 50.09%.

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.