Creative Planning Has $12.25 Million Holdings in Yum! Brands, Inc. (NYSE:YUM)

Creative Planning cut its holdings in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 7.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,658 shares of the restaurant operator's stock after selling 6,917 shares during the quarter. Creative Planning's holdings in Yum! Brands were worth $12,247,000 at the end of the most recent quarter.

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

Insider Activity

In other news, CEO Sabir Sami sold 71,051 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 68 shares of the company's stock, valued at $9,326.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Sabir Sami sold 71,051 shares of Yum! Brands stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 68 shares of the company's stock, valued at approximately $9,326.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Scott Catlett sold 8,234 shares of the company's stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $137.79, for a total value of $1,134,562.86. Following the completion of the transaction, the insider now directly owns 29,159 shares in the company, valued at approximately $4,017,818.61. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 101,673 shares of company stock valued at $13,918,095. 0.31% of the stock is owned by insiders.

Yum! Brands Stock Performance

YUM traded down $0.64 during midday trading on Tuesday, hitting $133.36. The company had a trading volume of 929,584 shares, compared to its average volume of 1,946,643. The company has a market capitalization of $37.56 billion, a PE ratio of 23.66, a P/E/G ratio of 2.06 and a beta of 1.08. Yum! Brands, Inc. has a twelve month low of $118.28 and a twelve month high of $143.20. The firm's 50-day simple moving average is $134.98 and its 200-day simple moving average is $135.13.

Yum! Brands (NYSE:YUM - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.02. The firm had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.80 billion. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. During the same quarter in the previous year, the company earned $1.41 earnings per share. As a group, sell-side analysts anticipate that Yum! Brands, Inc. will post 5.6 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were paid a dividend of $0.67 per share. 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 2.01%. Yum! Brands's dividend payout ratio is 47.52%.

Analysts Set New Price Targets

A number of research analysts have recently commented on YUM shares. Morgan Stanley lowered their price target on Yum! Brands from $155.00 to $153.00 and set an "overweight" rating on the stock in a report on Tuesday, July 16th. Evercore ISI cut Yum! Brands from an "outperform" rating to an "inline" rating and lowered their price target for the company from $160.00 to $145.00 in a research report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft lifted 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. Robert W. Baird lifted their price objective on shares of Yum! Brands from $150.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Yum! Brands from $137.00 to $144.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Yum! Brands currently has an average rating of "Hold" and a consensus price target of $146.44.

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.