OVERSEA CHINESE BANKING Corp Ltd Takes Position in Yum! Brands, Inc. (NYSE:YUM)

OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 9,140 shares of the restaurant operator's stock, valued at approximately $1,262,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbour Investments Inc. boosted its holdings in Yum! Brands by 41.9% in the third quarter. Harbour Investments Inc. now owns 2,653 shares of the restaurant operator's stock valued at $371,000 after acquiring an additional 784 shares during the last quarter. Apollon Wealth Management LLC lifted its position in shares of Yum! Brands by 2.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 7,226 shares of the restaurant operator's stock worth $1,010,000 after purchasing an additional 152 shares during the period. Ashton Thomas Securities LLC boosted its stake in shares of Yum! Brands by 13.5% in the 3rd quarter. Ashton Thomas Securities LLC now owns 2,800 shares of the restaurant operator's stock valued at $391,000 after purchasing an additional 333 shares during the last quarter. Los Angeles Capital Management LLC increased its position in shares of Yum! Brands by 5,077.1% during the third 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 during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. raised its stake in Yum! Brands by 4.1% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 16,637 shares of the restaurant operator's stock worth $2,324,000 after buying an additional 661 shares during the last quarter. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Yum! Brands Stock Performance

Shares of NYSE YUM traded up $0.67 during trading hours on Wednesday, hitting $135.28. The company's stock had a trading volume of 3,054,991 shares, compared to its average volume of 1,954,313. The business has a 50-day simple moving average of $134.37 and a 200-day simple moving average of $134.64. The stock has a market cap of $37.75 billion, a price-to-earnings ratio of 25.49, a P/E/G ratio of 2.26 and a beta of 1.10. Yum! Brands, Inc. has a 12 month low of $123.70 and a 12 month high of $143.20.

Yum! Brands (NYSE:YUM - Get Free Report) last posted its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 EPS 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 company had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.90 billion. During the same period in the prior year, the business posted $1.44 earnings per share. The company's revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities research analysts forecast that Yum! Brands, Inc. will post 5.49 EPS for the current year.

Yum! Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date was Tuesday, August 27th. Yum! Brands's dividend payout ratio is 50.09%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on YUM shares. TD Cowen reaffirmed a "hold" rating and set a $145.00 price target on shares of Yum! Brands in a research report on Wednesday, November 6th. Redburn Atlantic downgraded Yum! Brands from a "strong-buy" rating to a "hold" rating in a report on Monday. Evercore ISI cut Yum! Brands from an "outperform" rating to an "inline" rating and cut their price target for the stock from $160.00 to $145.00 in a report on Tuesday, July 16th. Loop Capital decreased their price target on shares of Yum! Brands from $143.00 to $140.00 and set a "hold" rating for the company in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. increased their price target on Yum! Brands from $137.00 to $144.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $145.94.

Insider Transactions at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,069 shares of Yum! Brands stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $137.92, for a total transaction of $974,956.48. Following the completion of the transaction, the chief executive officer now owns 159,132 shares in the company, valued at approximately $21,947,485.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Yum! Brands news, CEO David W. Gibbs sold 7,069 shares of Yum! Brands 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 owns 159,132 shares of the company's stock, valued at approximately $21,947,485.44. 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 accessible through this link. Also, CEO David W. Gibbs sold 7,005 shares of the company's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $134.43, for a total value of $941,682.15. Following the transaction, the chief executive officer now directly owns 152,634 shares in the company, valued at approximately $20,518,588.62. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,388 shares of company stock valued at $3,038,177 in the last ninety days. 0.31% of the stock is currently owned by corporate insiders.

About Yum! Brands

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.