GLOBALT Investments LLC GA Sells 301 Shares of Yum! Brands, Inc. (NYSE:YUM)

GLOBALT Investments LLC GA decreased its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 4.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,330 shares of the restaurant operator’s stock after selling 301 shares during the period. GLOBALT Investments LLC GA’s holdings in Yum! Brands were worth $884,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling at Yum! Brands

In other news, CEO David W. Gibbs sold 7,005 shares of the stock in a transaction that occurred on 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 owns 152,634 shares in the company, valued at $20,518,588.62. This trade represents a 4.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 21,069 shares of company stock valued at $2,842,965. Company insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on YUM shares. Deutsche Bank Aktiengesellschaft dropped their target price 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. Robert W. Baird upped 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. Stifel Nicolaus lowered their price target 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. Redburn Atlantic downgraded Yum! Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, TD Cowen restated a “hold” rating and issued a $145.00 price objective on shares of Yum! Brands in a research note on Wednesday, November 6th. Twelve analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $145.94.

Yum! Brands Stock Performance

Shares of NYSE YUM opened at $134.01 on Tuesday. The company has a market capitalization of $37.40 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 2.25 and a beta of 1.10. The company’s fifty day moving average price is $134.44 and its 200 day moving average price is $134.53. Yum! Brands, Inc. has a 1 year low of $123.70 and a 1 year high of $143.20.

Yum! Brands (NYSE:YUM) last posted its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.04). Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the previous year, the company earned $1.44 earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year. On average, equities analysts expect that Yum! Brands, Inc. will post 5.48 EPS for the current year.

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.