Victory Capital Management Inc. Trims Stock Holdings in Yum! Brands, Inc. (NYSE:YUM)

Victory Capital Management Inc. decreased its stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 34.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,431,000 shares of the restaurant operator's stock after selling 762,160 shares during the quarter. Victory Capital Management Inc. owned about 0.51% of Yum! Brands worth $199,925,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Crewe Advisors LLC purchased a new position in Yum! Brands in the 1st quarter worth $28,000. DiNuzzo Private Wealth Inc. lifted its holdings 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 purchasing an additional 201 shares during the period. Meeder Asset Management Inc. boosted its position in Yum! Brands by 43.6% in the second quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator's stock valued at $36,000 after buying an additional 82 shares during the last quarter. Kimelman & Baird LLC acquired a new position in Yum! Brands in the 2nd quarter worth approximately $37,000. Finally, Iron Horse Wealth Management LLC lifted its stake 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 valued at $38,000 after acquiring an additional 278 shares during the period. Hedge funds and other institutional investors own 82.37% of the company's stock.

Insider Buying and Selling

In other Yum! Brands news, CEO David W. Gibbs sold 7,069 shares of the firm's 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 directly owns 159,132 shares of the company's stock, valued at $21,947,485.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Yum! Brands news, Director Weir Mirian M. Graddick sold 1,309 shares of Yum! Brands stock in a transaction dated Monday, August 19th. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David W. Gibbs sold 7,069 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $137.92, for a total transaction of $974,956.48. Following the completion of the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,388 shares of company stock worth $3,038,177. 0.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on YUM. 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 report on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their price objective on Yum! Brands from $137.00 to $144.00 and gave the company a "neutral" rating in a report on Monday, September 16th. Morgan Stanley dropped their target price on Yum! Brands from $155.00 to $153.00 and set an "overweight" rating on the stock in a report on Tuesday, July 16th. Robert W. Baird boosted their price target on Yum! Brands from $150.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective 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. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $145.94.

Yum! Brands Price Performance

NYSE YUM traded down $2.01 during mid-day trading on Tuesday, hitting $134.61. The stock had a trading volume of 2,135,889 shares, compared to its average volume of 1,949,285. The firm's 50 day moving average is $134.35 and its 200 day moving average is $134.69. The stock has a market capitalization of $37.85 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 2.24 and a beta of 1.10. Yum! Brands, Inc. has a twelve month low of $123.70 and a twelve month high of $143.20.

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

Yum! Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were issued a $0.67 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $2.68 annualized dividend and a dividend yield of 1.99%. Yum! Brands's dividend payout ratio is presently 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.