Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Westpac Banking Corp

Westpac Banking Corp trimmed its holdings in Yum! Brands, Inc. (NYSE:YUMFree Report) by 9.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,372 shares of the restaurant operator’s stock after selling 6,418 shares during the period. Westpac Banking Corp’s holdings in Yum! Brands were worth $8,150,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of YUM. Naples Money Management LLC purchased a new position in Yum! Brands in the 4th quarter worth approximately $26,000. Bfsg LLC purchased a new stake in Yum! Brands in the 4th quarter valued at $26,000. Fortitude Family Office LLC acquired a new stake in shares of Yum! Brands in the 4th quarter worth $27,000. Bruce G. Allen Investments LLC purchased a new position in shares of Yum! Brands during the 4th quarter worth $34,000. Finally, DB Wealth Management Group LLC acquired a new position in shares of Yum! Brands during the 3rd quarter valued at about $43,000. 82.37% of the stock is owned by hedge funds and other institutional investors.

Yum! Brands Trading Up 1.0 %

NYSE:YUM traded up $1.38 during midday trading on Wednesday, reaching $138.87. The company had a trading volume of 751,539 shares, compared to its average volume of 1,993,847. Yum! Brands, Inc. has a 12-month low of $115.53 and a 12-month high of $143.20. The firm has a market capitalization of $39.11 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 2.19 and a beta of 1.07. The stock’s fifty day simple moving average is $138.01 and its 200-day simple moving average is $132.54.

Yum! Brands (NYSE:YUMGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.05). Yum! Brands had a net margin of 22.92% and a negative return on equity of 18.64%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the previous year, the business posted $1.06 EPS. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, sell-side analysts expect that Yum! Brands, Inc. will post 5.65 EPS for the current year.

Insiders Place Their Bets

In other news, Director Paget Leonard Alves sold 6,309 shares of Yum! Brands stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $136.19, for a total transaction of $859,222.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Yum! Brands news, CEO David W. Gibbs sold 7,067 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $136.34, for a total transaction of $963,514.78. Following the sale, the chief executive officer now owns 175,377 shares of the company’s stock, valued at $23,910,900.18. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Paget Leonard Alves sold 6,309 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $136.19, for a total transaction of $859,222.71. The disclosure for this sale can be found here. Insiders sold 20,454 shares of company stock worth $2,802,120 in the last 90 days. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on YUM shares. Argus restated a “hold” rating on shares of Yum! Brands in a research report on Wednesday, April 10th. TD Cowen reiterated a “buy” rating and issued a $160.00 price objective on shares of Yum! Brands in a report on Wednesday, May 1st. Citigroup cut their target price on Yum! Brands from $166.00 to $162.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. decreased their price target on Yum! Brands from $134.00 to $132.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Finally, BMO Capital Markets raised their price objective on Yum! Brands from $133.00 to $135.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Yum! Brands presently has an average rating of “Hold” and a consensus target price of $143.53.

Get Our Latest Research Report on Yum! Brands

Yum! Brands Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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