Fiduciary Trust Co Has $1.35 Million Stock Position in Yum! Brands, Inc. (NYSE:YUM)

Fiduciary Trust Co raised its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,637 shares of the restaurant operator’s stock after purchasing an additional 319 shares during the period. Fiduciary Trust Co’s holdings in Yum! Brands were worth $1,346,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Yum! Brands by 8.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 117,959 shares of the restaurant operator’s stock worth $16,480,000 after buying an additional 9,099 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in Yum! Brands during the 3rd quarter worth $1,227,000. Townsquare Capital LLC raised its position in shares of Yum! Brands by 10.3% during the 3rd quarter. Townsquare Capital LLC now owns 16,779 shares of the restaurant operator’s stock valued at $2,344,000 after acquiring an additional 1,568 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Yum! Brands in the 3rd quarter valued at $117,000. Finally, Bank of Montreal Can boosted its position in shares of Yum! Brands by 4.4% in the 3rd quarter. Bank of Montreal Can now owns 427,778 shares of the restaurant operator’s stock worth $59,855,000 after purchasing an additional 18,092 shares during the last quarter. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related 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 completion of the transaction, the chief executive officer now directly owns 152,634 shares of the company’s stock, valued at approximately $20,518,588.62. This represents a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 21,069 shares of company stock worth $2,842,965 in the last quarter. Corporate insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

YUM has been the subject of a number of recent analyst reports. Redburn Atlantic downgraded Yum! Brands from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Bank of America lowered their price target on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. TD Cowen restated a “hold” rating and set a $145.00 price objective on shares of Yum! Brands in a report on Wednesday, November 6th. Loop Capital lowered their target price on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Finally, Robert W. Baird lifted their price target 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. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $145.94.

Yum! Brands Stock Performance

Shares of Yum! Brands stock opened at $138.94 on Friday. The firm has a market cap of $38.77 billion, a PE ratio of 25.97, a P/E/G ratio of 2.41 and a beta of 1.10. The business’s 50 day simple moving average is $135.15 and its 200 day simple moving average is $134.55. Yum! Brands, Inc. has a 52-week low of $123.70 and a 52-week high of $143.20.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share (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 during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter last year, the business earned $1.44 earnings per share. Yum! Brands’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities research analysts predict that Yum! Brands, Inc. will post 5.47 EPS for the current year.

Yum! Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.67 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.93%. Yum! Brands’s dividend payout ratio is 50.09%.

Yum! Brands 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.