Chesapeake Capital Corp IL Reduces Stake in Yum! Brands, Inc. (NYSE:YUM)

Chesapeake Capital Corp IL lowered its stake in Yum! Brands, Inc. (NYSE:YUM) by 5.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 5,417 shares of the restaurant operator’s stock after selling 333 shares during the period. Chesapeake Capital Corp IL’s holdings in Yum! Brands were worth $757,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Yum! Brands by 24.0% in the first quarter. Vanguard Group Inc. now owns 29,012,969 shares of the restaurant operator’s stock worth $4,022,648,000 after acquiring an additional 5,607,517 shares in the last quarter. Capital World Investors grew its position in Yum! Brands by 23.7% in the first quarter. Capital World Investors now owns 18,121,611 shares of the restaurant operator’s stock worth $2,512,561,000 after acquiring an additional 3,470,883 shares in the last quarter. Capital International Investors grew its position in Yum! Brands by 10.2% in the first quarter. Capital International Investors now owns 14,669,356 shares of the restaurant operator’s stock worth $2,033,906,000 after acquiring an additional 1,362,813 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Yum! Brands by 3.4% during the second quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock valued at $419,123,000 after buying an additional 104,328 shares during the period. Finally, Epoch Investment Partners Inc. boosted its position in shares of Yum! Brands by 34.1% during the first quarter. Epoch Investment Partners Inc. now owns 1,681,933 shares of the restaurant operator’s stock valued at $233,200,000 after buying an additional 427,487 shares during the period. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Analysts Set New Price Targets

YUM has been the subject of several recent analyst reports. Loop Capital dropped their target price on Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Robert W. Baird boosted 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. TD Cowen restated a “hold” rating and set a $145.00 target price on shares of Yum! Brands in a research report on Wednesday, November 6th. Stifel Nicolaus dropped their target price 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. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $145.94.

Yum! Brands Stock Down 2.3 %

Shares of NYSE:YUM opened at $133.59 on Friday. The company has a market capitalization of $37.28 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 2.25 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 has a 50 day moving average of $134.42 and a 200 day moving average of $134.54.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data 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 business had revenue of $1.83 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm earned $1.44 EPS. On average, sell-side analysts expect that Yum! Brands, Inc. will post 5.48 EPS for the current year.

Insider Buying and Selling

In other news, Director Weir Mirian M. Graddick sold 1,309 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $137.40, for a total transaction of $179,856.60. Following the transaction, the director now directly owns 1,233 shares of the company’s stock, valued at approximately $169,414.20. This represents a 51.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David W. Gibbs sold 7,005 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $134.43, for a total value of $941,682.15. Following the transaction, the chief executive officer now directly owns 155,883 shares in the company, valued at approximately $20,955,351.69. The trade was a 4.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,319 shares of company stock valued at $2,063,221 over the last 90 days. Corporate insiders own 0.31% of the company’s stock.

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.