Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Iowa State Bank

Iowa State Bank decreased its stake in Yum! Brands, Inc. (NYSE:YUMFree Report) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,468 shares of the restaurant operator’s stock after selling 140 shares during the period. Iowa State Bank’s holdings in Yum! Brands were worth $2,413,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. State Street Corp boosted its holdings in shares of Yum! Brands by 4.6% in the 2nd quarter. State Street Corp now owns 11,490,727 shares of the restaurant operator’s stock valued at $1,592,040,000 after buying an additional 507,054 shares in the last quarter. Geode Capital Management LLC grew its position in Yum! Brands by 1.5% during the 1st quarter. Geode Capital Management LLC now owns 5,947,399 shares of the restaurant operator’s stock worth $784,673,000 after purchasing an additional 90,152 shares during the last quarter. Sustainable Growth Advisers LP grew its position in Yum! Brands by 3.8% during the 3rd quarter. Sustainable Growth Advisers LP now owns 5,766,650 shares of the restaurant operator’s stock worth $720,485,000 after purchasing an additional 210,238 shares during the last quarter. Capital World Investors grew its position in Yum! Brands by 19.6% during the 1st quarter. Capital World Investors now owns 5,507,237 shares of the restaurant operator’s stock worth $652,773,000 after purchasing an additional 901,181 shares during the last quarter. Finally, Capital International Investors grew its position in Yum! Brands by 1.6% during the 1st quarter. Capital International Investors now owns 4,365,517 shares of the restaurant operator’s stock worth $517,792,000 after purchasing an additional 67,468 shares during the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Yum! Brands Stock Up 0.2 %

Shares of NYSE YUM traded up $0.24 during midday trading on Tuesday, hitting $140.71. The company had a trading volume of 1,986,802 shares, compared to its average volume of 1,948,099. Yum! Brands, Inc. has a twelve month low of $115.53 and a twelve month high of $143.24. The business has a 50-day simple moving average of $134.94 and a two-hundred day simple moving average of $129.02. The firm has a market capitalization of $39.59 billion, a price-to-earnings ratio of 25.17, a price-to-earnings-growth ratio of 2.19 and a beta of 1.10.

Yum! Brands (NYSE:YUMGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.13). Yum! Brands had a net margin of 22.57% and a negative return on equity of 17.76%. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter last year, the business earned $1.31 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. On average, equities analysts forecast that Yum! Brands, Inc. will post 5.72 EPS for the current year.

Yum! Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Wednesday, February 21st were paid a $0.67 dividend. This is a boost from Yum! Brands’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $2.68 annualized dividend and a dividend yield of 1.90%. Yum! Brands’s dividend payout ratio (DPR) is 47.94%.

Analyst Upgrades and Downgrades

YUM has been the topic of several research reports. Guggenheim raised their price objective on shares of Yum! Brands from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Citigroup raised their price objective on shares of Yum! Brands from $164.00 to $166.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Oppenheimer raised shares of Yum! Brands from a “market perform” rating to an “outperform” rating and set a $154.00 price objective on the stock in a research report on Friday, January 5th. JPMorgan Chase & Co. raised their price objective on shares of Yum! Brands from $133.00 to $134.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Finally, Wells Fargo & Company downgraded shares of Yum! Brands from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $150.00 to $135.00 in a report on Thursday, January 11th. Nine investment 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 stock presently has a consensus rating of “Hold” and a consensus target price of $145.00.

Read Our Latest Research Report on YUM

Insider Activity at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 3,756 shares of Yum! Brands stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $129.21, for a total transaction of $485,312.76. Following the completion of the transaction, the chief executive officer now owns 57,325 shares in the company, valued at $7,406,963.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Yum! Brands news, VP David Eric Russell sold 9,919 shares of Yum! Brands stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $129.63, for a total transaction of $1,285,799.97. Following the completion of the transaction, the vice president now owns 18,661 shares in the company, valued at $2,419,025.43. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David W. Gibbs sold 3,756 shares of Yum! Brands stock in a transaction dated 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 owns 57,325 shares of the company’s stock, valued at approximately $7,406,963.25. The disclosure for this sale can be found here. Insiders sold 20,742 shares of company stock worth $2,734,628 over the last 90 days. Company insiders own 0.31% of the company’s stock.

About Yum! Brands

(Free Report)

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.

See Also

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

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