Sumitomo Mitsui Trust Group Inc. Has $96.35 Million Stock Holdings in Yum! Brands, Inc. (NYSE:YUM)

Sumitomo Mitsui Trust Group Inc. boosted its stake in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 689,631 shares of the restaurant operator's stock after buying an additional 20,966 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.25% of Yum! Brands worth $96,348,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Crewe Advisors LLC bought a new stake in Yum! Brands in the 1st quarter valued at about $28,000. DiNuzzo Private Wealth Inc. boosted its position in shares of Yum! Brands by 957.1% during the third quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator's stock worth $31,000 after buying an additional 201 shares during the period. Meeder Asset Management Inc. grew its holdings in Yum! Brands by 43.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator's stock worth $36,000 after buying an additional 82 shares in the last quarter. Kimelman & Baird LLC acquired a new stake in Yum! Brands in the 2nd quarter valued at approximately $37,000. Finally, Iron Horse Wealth Management LLC boosted its position in Yum! Brands by 3,088.9% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 287 shares of the restaurant operator's stock worth $38,000 after acquiring an additional 278 shares during the period. 82.37% of the stock is currently owned by institutional investors.

Yum! Brands Stock Up 1.0 %

Shares of YUM stock traded up $1.34 during trading hours on Thursday, reaching $136.60. 563,892 shares of the company's stock were exchanged, compared to its average volume of 1,948,024. The business has a fifty day moving average price of $134.38 and a 200-day moving average price of $134.64. The stock has a market capitalization of $38.12 billion, a P/E ratio of 25.47, a P/E/G ratio of 2.26 and a beta of 1.10. Yum! Brands, Inc. has a fifty-two week low of $123.70 and a fifty-two week high of $143.20.

Yum! Brands (NYSE:YUM - Get Free Report) last released 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). The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.90 billion. Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. Yum! Brands's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.44 earnings per share. As a group, research analysts expect that Yum! Brands, Inc. will post 5.49 EPS for the current fiscal year.

Analyst Ratings Changes

YUM has been the topic of a number of research analyst reports. Stifel Nicolaus lowered their price objective on shares of Yum! Brands from $135.00 to $130.00 and set a "hold" rating on the stock in a research note on Monday, July 22nd. Loop Capital decreased 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. Redburn Atlantic downgraded Yum! Brands from a "strong-buy" rating to a "hold" rating in a report on Monday. JPMorgan Chase & Co. boosted their price objective on shares of Yum! Brands from $137.00 to $144.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. Finally, TD Cowen reaffirmed a "hold" rating and issued a $145.00 target price on shares of Yum! Brands in a research 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $145.94.

Insider Activity at Yum! Brands

In related news, CEO David W. Gibbs sold 7,005 shares of the business's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $134.43, for a total transaction of $941,682.15. Following the transaction, the chief executive officer now directly owns 152,634 shares in the company, valued at $20,518,588.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of the business'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 sale, the chief executive officer now owns 152,634 shares of the company's stock, valued at $20,518,588.62. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Weir Mirian M. Graddick sold 1,309 shares of the firm's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $137.40, for a total transaction of $179,856.60. Following the transaction, the director now directly owns 1,233 shares of the company's stock, valued at $169,414.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,319 shares of company stock worth $2,063,221. Company insiders own 0.31% of the company's stock.

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.