Strengthening Families & Communities LLC boosted its stake in shares of Yum! Brands, Inc. (NYSE:YUM – Free Report) by 7.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,128 shares of the restaurant operator’s stock after buying an additional 1,269 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Yum! Brands were worth $2,533,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital World Investors lifted its stake in shares of Yum! Brands by 23.7% in the 1st quarter. Capital World Investors now owns 18,121,611 shares of the restaurant operator’s stock valued at $2,512,561,000 after purchasing an additional 3,470,883 shares during the period. Capital International Investors lifted its stake in shares of Yum! Brands by 10.2% in 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 purchasing an additional 1,362,813 shares during the period. Epoch Investment Partners Inc. lifted its stake in shares of Yum! Brands by 34.1% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,681,933 shares of the restaurant operator’s stock valued at $233,200,000 after purchasing an additional 427,487 shares during the period. 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. Finally, International Assets Investment Management LLC lifted its stake in shares of Yum! Brands by 14,151.9% in the 3rd 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 period. 82.37% of the stock is owned by institutional investors and hedge funds.
Yum! Brands Stock Down 2.3 %
YUM stock opened at $133.59 on Monday. The firm has a market cap of $37.28 billion, a PE ratio of 24.97, a P/E/G ratio of 2.25 and a beta of 1.10. The business has a 50 day moving average of $134.42 and a 200-day moving average of $134.54. Yum! Brands, Inc. has a 12-month low of $123.70 and a 12-month high of $143.20.
Analyst Upgrades and Downgrades
A number of analysts recently commented on YUM shares. Bank of America decreased their target price on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. Robert W. Baird boosted their target price on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their target price on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Stifel Nicolaus decreased 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, Redburn Atlantic lowered Yum! Brands from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $145.94.
Check Out Our Latest Stock Report on YUM
Insiders Place Their Bets
In other news, CEO David W. Gibbs sold 7,005 shares of the firm’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 directly owns 152,634 shares of the company’s stock, valued at approximately $20,518,588.62. This trade represents a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.31% of the company’s stock.
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.
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