Douglas Lane & Associates LLC Sells 10,436 Shares of Yum! Brands, Inc. (NYSE:YUM)

Douglas Lane & Associates LLC cut its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 39.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,118 shares of the restaurant operator’s stock after selling 10,436 shares during the period. Douglas Lane & Associates LLC’s holdings in Yum! Brands were worth $1,828,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in YUM. BlackRock Inc. boosted its stake in shares of Yum! Brands by 13.3% during the second quarter. BlackRock Inc. now owns 25,133,613 shares of the restaurant operator’s stock valued at $2,781,538,000 after purchasing an additional 2,947,074 shares in the last quarter. FMR LLC boosted its stake in Yum! Brands by 139.0% in the first quarter. FMR LLC now owns 2,658,807 shares of the restaurant operator’s stock valued at $265,376,000 after acquiring an additional 1,546,142 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Yum! Brands by 14,945.7% in the second quarter. Nuveen Asset Management LLC now owns 1,219,002 shares of the restaurant operator’s stock valued at $134,907,000 after acquiring an additional 1,210,900 shares in the last quarter. APG Asset Management N.V. boosted its stake in Yum! Brands by 41.3% in the second quarter. APG Asset Management N.V. now owns 3,505,024 shares of the restaurant operator’s stock valued at $340,623,000 after acquiring an additional 1,024,300 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Yum! Brands by 2.0% in the second quarter. Vanguard Group Inc. now owns 23,449,609 shares of the restaurant operator’s stock valued at $2,595,169,000 after acquiring an additional 452,824 shares in the last quarter. Hedge funds and other institutional investors own 75.32% of the company’s stock.

In other Yum! Brands news, VP David Eric Russell sold 5,801 shares of Yum! Brands stock in a transaction on Friday, August 16th. The shares were sold at an average price of $115.33, for a total value of $669,029.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President David W. Gibbs sold 1,578 shares of Yum! Brands stock in a transaction on Monday, September 16th. The shares were sold at an average price of $110.48, for a total transaction of $174,337.44. Following the completion of the transaction, the president now directly owns 42,928 shares of the company’s stock, valued at approximately $4,742,685.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,959 shares of company stock valued at $2,657,189. 0.67% of the stock is currently owned by corporate insiders.

Shares of Yum! Brands stock opened at $111.85 on Thursday. The firm has a fifty day moving average price of $114.36 and a 200 day moving average price of $109.38. Yum! Brands, Inc. has a 1 year low of $84.53 and a 1 year high of $119.72. The stock has a market cap of $34.33 billion, a PE ratio of 35.28, a price-to-earnings-growth ratio of 2.38 and a beta of 0.50.

Yum! Brands (NYSE:YUM) last issued its earnings results on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.06. Yum! Brands had a net margin of 24.29% and a negative return on equity of 13.02%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the company posted $0.82 earnings per share. The firm’s revenue was down 4.2% compared to the same quarter last year. On average, analysts predict that Yum! Brands, Inc. will post 3.87 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on YUM shares. Credit Suisse Group began coverage on shares of Yum! Brands in a research note on Tuesday, June 25th. They issued a “neutral” rating and a $106.00 target price for the company. Tigress Financial reiterated a “buy” rating on shares of Yum! Brands in a research note on Friday, July 12th. Stifel Nicolaus lifted their price objective on shares of Yum! Brands from $100.00 to $110.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. BMO Capital Markets lifted their price objective on shares of Yum! Brands to $112.00 and gave the stock a “market perform” rating in a research note on Friday, August 2nd. They noted that the move was a valuation call. Finally, Longbow Research downgraded shares of Yum! Brands from a “neutral” rating to an “underperform” rating and set a $91.00 price objective for the company. in a research note on Monday, July 1st. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $110.65.

Yum! Brands Profile

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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

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