Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 94.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,885 shares of the restaurant operator's stock after selling 63,296 shares during the period. Wellington Management Group LLP's holdings in Yum! Brands were worth $543,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of YUM. Institute for Wealth Management LLC. increased its stake in Yum! Brands by 3.6% in the second quarter. Institute for Wealth Management LLC. now owns 3,064 shares of the restaurant operator's stock valued at $406,000 after purchasing an additional 107 shares during the last quarter. Capital Advisors Ltd. LLC raised its stake in Yum! Brands by 10.7% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 935 shares of the restaurant operator's stock worth $124,000 after acquiring an additional 90 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in Yum! Brands in the second quarter valued at $298,000. Wealth Advisory Solutions LLC acquired a new position in Yum! Brands in the second quarter valued at $325,000. Finally, Eagle Bay Advisors LLC grew its holdings in shares of Yum! Brands by 10.0% during the second quarter. Eagle Bay Advisors LLC now owns 1,659 shares of the restaurant operator's stock worth $220,000 after purchasing an additional 151 shares during the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.

Yum! Brands Stock Performance

NYSE YUM traded up $2.00 during trading hours on Friday, reaching $132.36. The company's stock had a trading volume of 3,187,965 shares, compared to its average volume of 1,922,708. The company's 50-day moving average is $135.27 and its two-hundred day moving average is $134.38. Yum! Brands, Inc. has a fifty-two week low of $124.76 and a fifty-two week high of $143.20. The stock has a market cap of $36.94 billion, a PE ratio of 24.74, a PEG ratio of 2.37 and a beta of 1.10.

Yum! Brands (NYSE:YUM - Get Free Report) last released 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). The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.90 billion. Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The business's revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned $1.44 earnings per share. Equities analysts expect 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 was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.68 annualized dividend and a dividend yield of 2.02%. Yum! Brands's dividend payout ratio is presently 50.09%.

Insider Transactions at Yum! Brands

In related news, CEO David W. Gibbs sold 7,059 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $135.94, for a total value of $959,600.46. Following the transaction, the chief executive officer now owns 149,385 shares in the company, valued at approximately $20,307,396.90. This trade represents a 4.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 17,879 shares of company stock worth $2,424,167 in the last ninety days. Insiders own 0.31% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. TD Cowen reissued a "hold" rating and issued a $145.00 target price on shares of Yum! Brands in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on Yum! Brands from $147.00 to $145.00 and set a "hold" rating for the company in a research note on Wednesday, November 6th. Redburn Atlantic lowered shares of Yum! Brands from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 11th. JPMorgan Chase & Co. upped their price target 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, Bank of America lowered their price objective on shares of Yum! Brands from $147.00 to $145.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 22nd. Twelve investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $145.94.

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.