State Street Corp Sells 33,195 Shares of Yum! Brands, Inc. (NYSE:YUM)

State Street Corp trimmed its holdings in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 0.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,707,394 shares of the restaurant operator's stock after selling 33,195 shares during the period. State Street Corp owned approximately 4.55% of Yum! Brands worth $1,775,350,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Deseret Mutual Benefit Administrators lifted its position in shares of Yum! Brands by 3.9% in the second 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 in the last quarter. Legacy Financial Advisors Inc. lifted its position in Yum! Brands by 2.2% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 3,460 shares of the restaurant operator's stock worth $458,000 after buying an additional 76 shares in the last quarter. Diversified Trust Co boosted its stake in shares of Yum! Brands by 2.4% during the 3rd quarter. Diversified Trust Co now owns 3,321 shares of the restaurant operator's stock valued at $464,000 after buying an additional 79 shares during the period. Meeder Asset Management Inc. grew its holdings in shares of Yum! Brands by 43.6% during 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 in the last quarter. Finally, Stephens Consulting LLC increased its stake in shares of Yum! Brands by 17.4% in the second quarter. Stephens Consulting LLC now owns 587 shares of the restaurant operator's stock worth $78,000 after acquiring an additional 87 shares during the last quarter. 82.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on YUM shares. TD Cowen reissued a "hold" rating and set a $145.00 price objective on shares of Yum! Brands in a research report on Wednesday, November 6th. Redburn Atlantic lowered Yum! Brands from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft dropped their price objective on Yum! Brands from $147.00 to $145.00 and set a "hold" rating on the stock in a report on Wednesday, November 6th. Bank of America reduced their target price on shares of Yum! Brands from $147.00 to $145.00 and set a "neutral" rating for the company in a research note on Tuesday, October 22nd. Finally, Loop Capital cut their price target on shares of Yum! Brands from $143.00 to $140.00 and set a "hold" rating on the stock in a report on Wednesday, November 6th. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Yum! Brands presently has a consensus rating of "Hold" and an average target price of $145.94.

Yum! Brands Stock Performance

Shares of NYSE:YUM traded down $0.50 during trading on Friday, hitting $137.63. 968,008 shares of the stock were exchanged, compared to its average volume of 1,682,217. The company has a market capitalization of $38.41 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 2.39 and a beta of 1.10. Yum! Brands, Inc. has a 1-year low of $123.70 and a 1-year high of $143.20. The company's fifty day simple moving average is $135.46 and its 200-day simple moving average is $134.46.

Yum! Brands (NYSE:YUM - Get Free Report) last posted its quarterly earnings results 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 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 analyst estimates of $1.90 billion. During the same quarter in the prior year, the firm earned $1.44 EPS. The firm's quarterly revenue was up 6.9% on a year-over-year basis. On average, research analysts forecast that Yum! Brands, Inc. will post 5.47 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Monday, December 2nd. Yum! Brands's dividend payout ratio is 50.09%.

Insider Buying and Selling at Yum! Brands

In related news, CEO David W. Gibbs sold 7,059 shares of the 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 owns 149,385 shares in the company, valued at $20,307,396.90. This trade represents a 4.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last ninety days, insiders have sold 21,069 shares of company stock valued at $2,842,965. 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.