BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 177,646 Shares of Yum! Brands, Inc. (NYSE:YUM)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its holdings in Yum! Brands, Inc. (NYSE:YUM) by 52.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 158,921 shares of the restaurant operator’s stock after selling 177,646 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.06% of Yum! Brands worth $22,203,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. DiNuzzo Private Wealth Inc. raised its holdings in Yum! Brands by 957.1% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 201 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of 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 in the last quarter. Kimelman & Baird LLC bought a new position in shares of Yum! Brands during the 2nd quarter worth about $37,000. Iron Horse Wealth Management LLC grew its stake in shares of Yum! Brands by 3,088.9% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 287 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 278 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Yum! Brands during the 2nd quarter worth approximately $39,000. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Yum! Brands Stock Up 0.8 %

NYSE YUM opened at $135.26 on Friday. The company has a market cap of $37.75 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. Yum! Brands, Inc. has a 52 week low of $123.70 and a 52 week high of $143.20. The firm’s 50-day simple moving average is $134.45 and its two-hundred day simple moving average is $134.50.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 EPS 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 business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the previous year, the company posted $1.44 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Yum! Brands, Inc. will post 5.47 EPS for the current year.

Yum! Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Monday, December 2nd. Yum! Brands’s dividend payout ratio (DPR) is presently 50.09%.

Insider Activity

In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $134.43, for a total transaction of $941,682.15. Following the completion of the transaction, the chief executive officer now owns 155,883 shares of the company’s stock, valued at $20,955,351.69. The trade was a 4.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 21,069 shares of company stock worth $2,842,965. 0.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. TD Cowen reissued a “hold” rating and issued a $145.00 price target on shares of Yum! Brands in a research report on Wednesday, November 6th. Redburn Atlantic downgraded shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Bank of America cut their price target on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. Robert W. Baird upped their price objective on shares of Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Twelve investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus 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.