Confluence Wealth Services Inc. Grows Stake in Yum! Brands, Inc. (NYSE:YUM)

Confluence Wealth Services Inc. boosted its position in shares of Yum! Brands, Inc. (NYSE:YUMFree Report) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,332 shares of the restaurant operator’s stock after purchasing an additional 108 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Yum! Brands were worth $666,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Adviser Investments LLC increased its holdings in shares of Yum! Brands by 13.8% in the 3rd quarter. Adviser Investments LLC now owns 1,710 shares of the restaurant operator’s stock valued at $214,000 after acquiring an additional 207 shares during the period. New Mexico Educational Retirement Board increased its holdings in shares of Yum! Brands by 3.8% in the 2nd quarter. New Mexico Educational Retirement Board now owns 13,572 shares of the restaurant operator’s stock valued at $1,880,000 after acquiring an additional 500 shares during the period. Handelsbanken Fonder AB increased its holdings in shares of Yum! Brands by 34.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 110,261 shares of the restaurant operator’s stock valued at $15,277,000 after acquiring an additional 28,336 shares during the period. Steward Financial Group LLC purchased a new position in Yum! Brands during the 2nd quarter worth $151,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in Yum! Brands by 10.1% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 238,262 shares of the restaurant operator’s stock worth $33,011,000 after buying an additional 21,860 shares during the last quarter. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wells Fargo & Company downgraded Yum! Brands from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $150.00 to $135.00 in a research note on Thursday, January 11th. Oppenheimer upgraded Yum! Brands from a “market perform” rating to an “outperform” rating and set a $154.00 target price on the stock in a research note on Friday, January 5th. Citigroup dropped their target price on Yum! Brands from $173.00 to $163.00 and set a “buy” rating on the stock in a research note on Tuesday, October 17th. TD Cowen reaffirmed an “outperform” rating and set a $160.00 price target on shares of Yum! Brands in a research report on Wednesday, September 20th. Finally, StockNews.com assumed coverage on Yum! Brands in a research report on Thursday, October 5th. They set a “hold” rating for the company. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $144.78.

View Our Latest Analysis on Yum! Brands

Yum! Brands Trading Down 0.6 %

NYSE:YUM opened at $129.08 on Thursday. Yum! Brands, Inc. has a 12 month low of $115.53 and a 12 month high of $143.24. The firm has a market cap of $36.18 billion, a P/E ratio of 24.54, a price-to-earnings-growth ratio of 1.83 and a beta of 1.07. The stock has a 50 day moving average of $128.20 and a two-hundred day moving average of $128.36.

Yum! Brands (NYSE:YUMGet Free Report) last released its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.18. Yum! Brands had a negative return on equity of 17.45% and a net margin of 21.32%. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the firm posted $1.09 earnings per share. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. On average, research analysts forecast that Yum! Brands, Inc. will post 5.31 earnings per share for the current year.

Yum! Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Tuesday, November 28th were paid a dividend of $0.605 per share. This represents a $2.42 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Monday, November 27th. Yum! Brands’s dividend payout ratio (DPR) is 46.01%.

Insiders Place Their Bets

In other Yum! Brands news, CEO David W. Gibbs sold 3,756 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $129.21, for a total transaction of $485,312.76. Following the transaction, the chief executive officer now directly owns 57,325 shares in the company, valued at $7,406,963.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO David W. Gibbs sold 3,792 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $130.17, for a total value of $493,604.64. Following the sale, the chief executive officer now directly owns 57,325 shares in the company, valued at $7,461,995.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David W. Gibbs sold 3,756 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $129.21, for a total value of $485,312.76. Following the completion of the sale, the chief executive officer now owns 57,325 shares in the company, valued at $7,406,963.25. The disclosure for this sale can be found here. Insiders have sold 20,875 shares of company stock worth $2,671,222 over the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Yum! Brands Profile

(Free Report)

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. It 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.

Recommended Stories

Want to see what other hedge funds are holding YUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yum! Brands, Inc. (NYSE:YUMFree Report).

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

Receive News & Ratings for Yum! Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum! Brands and related companies with MarketBeat.com's FREE daily email newsletter.