Zurcher Kantonalbank Zurich Cantonalbank Buys 9,099 Shares of Yum! Brands, Inc. (NYSE:YUM)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 8.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 117,959 shares of the restaurant operator's stock after acquiring an additional 9,099 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Yum! Brands were worth $16,480,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC lifted its stake in shares of Yum! Brands by 5,077.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 182,130 shares of the restaurant operator's stock valued at $25,445,000 after purchasing an additional 178,612 shares during the period. International Assets Investment Management LLC increased its holdings in Yum! Brands by 14,151.9% in the third quarter. International Assets Investment Management LLC now owns 148,220 shares of the restaurant operator's stock valued at $20,708,000 after purchasing an additional 147,180 shares during the last quarter. Legal & General Group Plc lifted its stake in Yum! Brands by 3.4% in the second quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator's stock valued at $419,123,000 after buying an additional 104,328 shares during the period. AMF Tjanstepension AB bought a new position in Yum! Brands during the second quarter worth about $12,846,000. Finally, Canada Pension Plan Investment Board grew its position in shares of Yum! Brands by 140.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 126,550 shares of the restaurant operator's stock worth $16,763,000 after buying an additional 73,844 shares during the period. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Yum! Brands Trading Down 0.3 %

Shares of Yum! Brands stock traded down $0.39 during trading hours on Friday, reaching $138.94. 1,003,242 shares of the company's stock were exchanged, compared to its average volume of 1,956,316. The stock has a market cap of $38.77 billion, a P/E ratio of 25.97, a P/E/G ratio of 2.40 and a beta of 1.10. The company has a 50 day moving average of $135.15 and a two-hundred day moving average of $134.53. 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 issued its quarterly 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%. The business's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the company posted $1.44 earnings per share. As a group, analysts expect that Yum! Brands, Inc. will post 5.47 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 1.93%. Yum! Brands's payout ratio is 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 that occurred on 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 of the company's stock, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, 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.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Redburn Atlantic lowered shares of Yum! Brands from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Yum! Brands from $147.00 to $145.00 and set a "hold" rating on the stock in a research report on Wednesday, November 6th. JPMorgan Chase & Co. upped 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. Bank of America reduced their target price on Yum! Brands from $147.00 to $145.00 and set a "neutral" rating on the stock in a report on Tuesday, October 22nd. Finally, Robert W. Baird increased their price target on Yum! Brands from $150.00 to $154.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Yum! Brands currently has an average 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.