Yum! Brands, Inc. (NYSE:YUM) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 12.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,996 shares of the restaurant operator's stock after selling 6,884 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Yum! Brands were worth $6,566,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. boosted its stake in 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 last quarter. Meeder Asset Management Inc. increased its holdings in Yum! Brands by 43.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator's stock worth $36,000 after purchasing an additional 82 shares during the period. Kimelman & Baird LLC purchased a new stake in Yum! Brands during the 2nd quarter worth about $37,000. Iron Horse Wealth Management LLC increased its holdings 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 purchasing an additional 278 shares during the period. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Yum! Brands during the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 82.37% of the company's stock.

Yum! Brands Stock Down 0.9 %

Shares of NYSE:YUM traded down $1.31 during midday trading on Tuesday, reaching $137.72. The company's stock had a trading volume of 1,235,885 shares, compared to its average volume of 1,935,846. Yum! Brands, Inc. has a 1 year low of $123.70 and a 1 year high of $143.20. The firm has a market cap of $38.43 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 2.40 and a beta of 1.10. The business has a 50 day moving average price of $135.40 and a 200 day moving average price of $134.46.

Yum! Brands (NYSE:YUM - Get Free Report) last issued its 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 net margin of 21.13% and a negative return on equity of 18.93%. The firm 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 EPS. Yum! Brands's revenue was up 6.9% compared to the same quarter last year. Sell-side analysts anticipate that Yum! Brands, Inc. will post 5.47 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The business also recently disclosed 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 dividend yield of 1.95%. The ex-dividend date of this dividend is Monday, December 2nd. Yum! Brands's dividend payout ratio is presently 50.09%.

Insiders Place Their Bets

In other Yum! Brands 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 owns 152,634 shares in the company, valued at $20,518,588.62. The trade was a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 21,069 shares of company stock worth $2,842,965 over the last quarter. 0.31% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on YUM. Robert W. Baird increased their price objective on Yum! Brands from $150.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased 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. TD Cowen reiterated a "hold" rating and issued a $145.00 price objective on shares of Yum! Brands 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, November 11th. Finally, Loop Capital dropped their price target on Yum! Brands from $143.00 to $140.00 and set a "hold" rating on the stock in a research note on Wednesday, November 6th. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $145.94.

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.