Victory Capital Management Inc. Has $199.93 Million Stock Position in Yum! Brands, Inc. (NYSE:YUM)

Victory Capital Management Inc. lessened its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 34.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,431,000 shares of the restaurant operator’s stock after selling 762,160 shares during the quarter. Victory Capital Management Inc. owned 0.51% of Yum! Brands worth $199,925,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Deseret Mutual Benefit Administrators increased its position in shares of Yum! Brands by 3.9% during the second quarter. Deseret Mutual Benefit Administrators now owns 2,049 shares of the restaurant operator’s stock worth $271,000 after acquiring an additional 76 shares in the last quarter. Legacy Financial Advisors Inc. increased its holdings in Yum! Brands by 2.2% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 3,460 shares of the restaurant operator’s stock worth $458,000 after purchasing an additional 76 shares in the last quarter. Wesbanco Bank Inc. raised its stake in shares of Yum! Brands by 1.9% in the 2nd quarter. Wesbanco Bank Inc. now owns 4,169 shares of the restaurant operator’s stock valued at $552,000 after purchasing an additional 78 shares during the period. Diversified Trust Co raised its stake in shares of Yum! Brands by 2.4% in the 3rd quarter. Diversified Trust Co now owns 3,321 shares of the restaurant operator’s stock valued at $464,000 after purchasing an additional 79 shares during the period. Finally, Marcum Wealth LLC boosted its position in shares of Yum! Brands by 3.4% during the second quarter. Marcum Wealth LLC now owns 2,477 shares of the restaurant operator’s stock worth $328,000 after buying an additional 82 shares during the period. 82.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

YUM has been the topic of a number of recent research reports. TD Cowen reissued a “hold” rating and issued a $145.00 target price on shares of Yum! Brands in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft cut their price objective 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. Stifel Nicolaus decreased their target price on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Morgan Stanley cut 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. Finally, Robert W. Baird raised their price objective on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Yum! Brands presently has an average rating of “Hold” and a consensus target price of $145.94.

Insider Activity at Yum! Brands

In related news, CEO David W. Gibbs sold 7,069 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $137.92, for a total value of $974,956.48. Following the completion of the sale, the chief executive officer now directly owns 159,132 shares in the company, valued at $21,947,485.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO David W. Gibbs sold 7,069 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $137.92, for a total value of $974,956.48. Following the sale, the chief executive officer now directly owns 159,132 shares of the company’s stock, valued at approximately $21,947,485.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David W. Gibbs sold 7,005 shares of the business’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 completion of the transaction, the chief executive officer now owns 152,634 shares in the company, valued at approximately $20,518,588.62. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,388 shares of company stock worth $3,038,177 in the last quarter. 0.31% of the stock is owned by insiders.

Yum! Brands Trading Down 1.4 %

NYSE:YUM traded down $1.96 on Tuesday, hitting $134.66. The company had a trading volume of 386,751 shares, compared to its average volume of 1,941,208. Yum! Brands, Inc. has a 52 week low of $123.70 and a 52 week high of $143.20. The stock has a market capitalization of $37.86 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 2.24 and a beta of 1.10. The firm has a 50 day moving average of $134.35 and a two-hundred day moving average of $134.69.

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). The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.90 billion. Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.44 earnings per share. As a group, equities analysts forecast that Yum! Brands, Inc. will post 5.49 EPS for the current year.

Yum! Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum! Brands’s dividend payout ratio is currently 50.09%.

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.