Circle Wealth Management LLC Sells 739 Shares of Yum! Brands, Inc. (NYSE:YUM)

Circle Wealth Management LLC decreased its holdings in Yum! Brands, Inc. (NYSE:YUM) by 12.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 5,330 shares of the restaurant operator’s stock after selling 739 shares during the period. Circle Wealth Management LLC’s holdings in Yum! Brands were worth $745,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its position in shares of Yum! Brands by 3.4% during the 2nd quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock valued at $419,123,000 after acquiring an additional 104,328 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Yum! Brands by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,632,862 shares of the restaurant operator’s stock worth $228,127,000 after acquiring an additional 6,537 shares during the period. Cantillon Capital Management LLC raised its position in Yum! Brands by 3.8% during the 3rd quarter. Cantillon Capital Management LLC now owns 1,428,040 shares of the restaurant operator’s stock valued at $199,511,000 after purchasing an additional 51,690 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Yum! Brands by 6.7% in the second quarter. Dimensional Fund Advisors LP now owns 930,402 shares of the restaurant operator’s stock worth $123,243,000 after acquiring an additional 58,437 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Yum! Brands by 0.3% during the third quarter. Swiss National Bank now owns 835,800 shares of the restaurant operator’s stock valued at $116,770,000 after purchasing an additional 2,800 shares in the last quarter. Institutional investors own 82.37% of the company’s stock.

Yum! Brands Trading Down 0.3 %

Shares of NYSE:YUM opened at $138.94 on Friday. The firm has a market capitalization of $38.77 billion, a P/E ratio of 25.97, a PEG ratio of 2.40 and a beta of 1.10. Yum! Brands, Inc. has a 52 week low of $123.70 and a 52 week high of $143.20. The firm’s 50 day moving average is $135.15 and its two-hundred day moving average is $134.53.

Yum! Brands (NYSE:YUM) last announced its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.90 billion. Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.44 earnings per share. Analysts predict that Yum! Brands, Inc. will post 5.47 EPS for the current year.

Yum! Brands Dividend Announcement

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

Insider Buying and Selling at Yum! Brands

In other news, CEO David W. Gibbs sold 7,059 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $135.94, for a total value of $959,600.46. Following the sale, the chief executive officer now owns 149,385 shares in the company, valued at approximately $20,307,396.90. The trade was a 4.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 21,069 shares of company stock valued at $2,842,965 in the last quarter. Corporate insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on YUM shares. Redburn Atlantic lowered shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. TD Cowen reaffirmed a “hold” rating and issued a $145.00 price target on shares of Yum! Brands in a report on Wednesday, November 6th. Robert W. Baird lifted their price target on Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, Bank of America lowered their target price on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. Twelve investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $145.94.

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.