Peapack Gladstone Financial Corp Buys 21,117 Shares of Yum! Brands, Inc. (NYSE:YUM)

Peapack Gladstone Financial Corp increased its holdings in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 1,199.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,877 shares of the restaurant operator's stock after acquiring an additional 21,117 shares during the quarter. Peapack Gladstone Financial Corp's holdings in Yum! Brands were worth $3,195,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of YUM. Safe Harbor Fiduciary LLC bought a new position in Yum! Brands in the 3rd quarter valued at about $29,000. DiNuzzo Private Wealth Inc. increased its stake in Yum! Brands by 957.1% in the third quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator's stock valued at $31,000 after acquiring an additional 201 shares during the last quarter. Meeder Asset Management Inc. raised its position in Yum! Brands by 43.6% during the second quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator's stock valued at $36,000 after purchasing an additional 82 shares in the last quarter. Kimelman & Baird LLC bought a new stake in Yum! Brands during the second quarter worth $37,000. Finally, Horizons Wealth Management acquired a new stake in shares of Yum! Brands in the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 82.37% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Bank of America dropped their price objective 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. Loop Capital dropped their target price on shares of Yum! Brands from $143.00 to $140.00 and set a "hold" rating for the company in a report on Wednesday, November 6th. TD Cowen reaffirmed a "hold" rating and set a $145.00 price target on shares of Yum! Brands in a report on Wednesday, November 6th. JPMorgan Chase & Co. increased their price objective on shares of Yum! Brands from $137.00 to $144.00 and gave the company a "neutral" rating in a research note on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft decreased 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 note on Wednesday, November 6th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Yum! Brands currently has a consensus rating of "Hold" and a consensus price target of $145.94.

Insider Activity

In other news, CEO David W. Gibbs sold 7,059 shares of the business's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $135.94, for a total transaction of $959,600.46. Following the completion of the sale, the chief executive officer now directly owns 149,385 shares of the company's stock, valued at $20,307,396.90. The trade was a 4.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 21,069 shares of company stock worth $2,842,965 over the last quarter. 0.31% of the stock is currently owned by corporate insiders.

Yum! Brands Stock Down 1.2 %

Yum! Brands stock traded down $1.64 during trading hours on Friday, reaching $137.00. 1,044,313 shares of the company's stock were exchanged, compared to its average volume of 1,415,504. The firm has a market capitalization of $38.23 billion, a PE ratio of 25.61, a PEG ratio of 2.37 and a beta of 1.10. Yum! Brands, Inc. has a twelve month low of $124.76 and a twelve month high of $143.20. The firm's 50 day simple moving average is $135.44 and its 200 day simple moving average is $134.49.

Yum! Brands (NYSE:YUM - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing analysts' consensus estimates 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 analyst estimates of $1.90 billion. During the same quarter in the previous year, the business posted $1.44 earnings per share. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts anticipate that Yum! Brands, Inc. will post 5.47 EPS for the current year.

Yum! Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were issued a $0.67 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.68 annualized dividend and a yield of 1.96%. 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.