Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its stake in Yum! Brands, Inc. (NYSE:YUM) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,797 shares of the restaurant operator’s stock after selling 1,465 shares during the period. Amalgamated Bank’s holdings in Yum! Brands were worth $7,935,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Yum! Brands by 24.0% during the first quarter. Vanguard Group Inc. now owns 29,012,969 shares of the restaurant operator’s stock valued at $4,022,648,000 after acquiring an additional 5,607,517 shares during the period. Capital World Investors grew its holdings in Yum! Brands by 23.7% in the 1st quarter. Capital World Investors now owns 18,121,611 shares of the restaurant operator’s stock worth $2,512,561,000 after buying an additional 3,470,883 shares in the last quarter. Cantillon Capital Management LLC acquired a new stake in Yum! Brands in the 1st quarter valued at approximately $200,668,000. Capital International Investors raised its stake in Yum! Brands by 10.2% during the 1st quarter. Capital International Investors now owns 14,669,356 shares of the restaurant operator’s stock valued at $2,033,906,000 after acquiring an additional 1,362,813 shares in the last quarter. Finally, TD Asset Management Inc boosted its position in Yum! Brands by 36.6% during the 1st quarter. TD Asset Management Inc now owns 2,174,526 shares of the restaurant operator’s stock worth $301,498,000 after acquiring an additional 582,267 shares during the period. Institutional investors and hedge funds own 82.37% of the company’s stock.

Insider Buying and Selling at Yum! Brands

In other news, CEO David W. Gibbs sold 7,005 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were 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 approximately $20,518,588.62. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of the stock in a transaction on Tuesday, October 15th. The shares were 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 of the company’s stock, valued at $20,518,588.62. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Weir Mirian M. Graddick sold 1,309 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $137.40, for a total value of $179,856.60. Following the transaction, the director now owns 1,233 shares in the company, valued at approximately $169,414.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,622 shares of company stock worth $4,172,740 over the last ninety days. 0.31% of the stock is currently owned by insiders.

Yum! Brands Trading Down 0.3 %

Shares of Yum! Brands stock opened at $134.37 on Thursday. Yum! Brands, Inc. has a 1 year low of $123.60 and a 1 year high of $143.20. The stock has a 50-day moving average price of $134.23 and a 200 day moving average price of $134.81. The company has a market cap of $37.78 billion, a P/E ratio of 25.12, a P/E/G ratio of 2.09 and a beta of 1.10.

Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.04). Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the prior year, the company posted $1.44 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities analysts forecast that Yum! Brands, Inc. will post 5.59 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The company also recently disclosed 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 of this dividend was Tuesday, August 27th. This represents a $2.68 dividend on an annualized basis and a yield of 1.99%. Yum! Brands’s dividend payout ratio is currently 50.09%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a report on Wednesday. Morgan Stanley dropped their price target on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Bank of America decreased their price objective 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. Stifel Nicolaus cut their target price on Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Finally, Robert W. Baird lifted their price target on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Yum! Brands has a consensus rating of “Hold” and an average price target of $145.94.

About Yum! Brands

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.