Cohen Klingenstein LLC Sells 7,200 Shares of Yum! Brands, Inc. (NYSE:YUM)

Cohen Klingenstein LLC cut its stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 144,870 shares of the restaurant operator's stock after selling 7,200 shares during the quarter. Yum! Brands makes up 0.7% of Cohen Klingenstein LLC's portfolio, making the stock its 22nd largest holding. Cohen Klingenstein LLC owned about 0.05% of Yum! Brands worth $19,436,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Los Angeles Capital Management LLC lifted its position in Yum! Brands by 5,077.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 182,130 shares of the restaurant operator's stock worth $25,445,000 after buying an additional 178,612 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Yum! Brands by 14,151.9% during the third quarter. International Assets Investment Management LLC now owns 148,220 shares of the restaurant operator's stock worth $20,708,000 after purchasing an additional 147,180 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Yum! Brands by 1.5% during the third quarter. Geode Capital Management LLC now owns 7,441,170 shares of the restaurant operator's stock valued at $1,038,775,000 after purchasing an additional 111,147 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Yum! Brands by 3.4% in the second quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator's stock valued at $419,123,000 after purchasing an additional 104,328 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Yum! Brands by 140.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 126,550 shares of the restaurant operator's stock worth $16,763,000 after purchasing an additional 73,844 shares during the last quarter. Institutional investors and hedge funds own 82.37% of the company's stock.

Yum! Brands Stock Down 0.7 %

Shares of NYSE:YUM traded down $0.93 during mid-day trading on Friday, reaching $125.31. 1,604,917 shares of the stock were exchanged, compared to its average volume of 1,476,485. The company has a market cap of $34.97 billion, a P/E ratio of 23.42, a P/E/G ratio of 1.96 and a beta of 1.11. The stock's 50 day simple moving average is $133.85 and its 200-day simple moving average is $133.63. Yum! Brands, Inc. has a one year low of $122.13 and a one year high of $143.20.

Yum! Brands (NYSE:YUM - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.04). Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. 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 business earned $1.44 earnings per share. Yum! Brands's revenue was up 6.9% compared to the same quarter last year. Analysts anticipate that Yum! Brands, Inc. will post 5.46 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.14%. Yum! Brands's dividend payout ratio is 50.09%.

Wall Street Analyst Weigh In

YUM has been the subject of several research reports. TD Cowen reissued a "hold" rating and issued a $145.00 target price on shares of Yum! Brands in a research note on Wednesday, November 6th. Redburn Atlantic lowered shares of Yum! Brands from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. Argus raised Yum! Brands from a "hold" rating to a "buy" rating and set a $155.00 price target on the stock in a research note on Tuesday, December 31st. Oppenheimer lifted their price objective on Yum! Brands from $154.00 to $160.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Finally, Bank of America cut their target price on Yum! Brands from $147.00 to $145.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 22nd. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Yum! Brands currently has a consensus rating of "Hold" and an average target price of $146.24.

Insider Activity

In other Yum! Brands news, CEO David W. Gibbs sold 3,815 shares of the company's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $137.06, for a total transaction of $522,883.90. Following the sale, the chief executive officer now directly owns 149,385 shares of the company's stock, valued at approximately $20,474,708.10. This represents a 2.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.31% of the stock is owned by corporate insiders.

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.