Folger Nolan Fleming Douglas Capital Management Inc. Sells 130 Shares of Yum! Brands, Inc. (NYSE:YUM)

Folger Nolan Fleming Douglas Capital Management Inc. decreased its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 6.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,936 shares of the restaurant operator’s stock after selling 130 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Yum! Brands were worth $260,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Los Angeles Capital Management LLC boosted its stake in Yum! Brands by 5,077.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 182,130 shares of the restaurant operator’s stock worth $25,445,000 after acquiring an additional 178,612 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Yum! Brands by 14,151.9% during the third quarter. International Assets Investment Management LLC now owns 148,220 shares of the restaurant operator’s stock worth $20,708,000 after purchasing an additional 147,180 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Yum! Brands by 1.5% during the third quarter. Geode Capital Management LLC now owns 7,441,170 shares of the restaurant operator’s stock worth $1,038,775,000 after purchasing an additional 111,147 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Yum! Brands by 3.4% in 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 buying an additional 104,328 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in shares of Yum! Brands by 140.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 126,550 shares of the restaurant operator’s stock valued at $16,763,000 after buying an additional 73,844 shares in the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on YUM shares. TD Cowen reiterated a “hold” rating and set a $145.00 target price on shares of Yum! Brands in a report on Wednesday, November 6th. Argus upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Tuesday, December 31st. Oppenheimer increased their target price on Yum! Brands from $154.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Redburn Atlantic lowered shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Bank of America lowered their price objective on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $146.24.

Yum! Brands Stock Performance

YUM opened at $125.31 on Friday. The business’s 50-day simple moving average is $134.08 and its 200 day simple moving average is $133.63. The firm has a market capitalization of $34.97 billion, a PE ratio of 23.42, a PEG ratio of 1.96 and a beta of 1.11. Yum! Brands, Inc. has a 52-week low of $122.13 and a 52-week high of $143.20.

Yum! Brands (NYSE:YUM) last announced 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). Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period last year, the business earned $1.44 EPS. The business’s revenue was up 6.9% on a year-over-year basis. On average, research analysts forecast that Yum! Brands, Inc. will post 5.46 earnings per share for the current year.

Yum! Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were given a $0.67 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.14%. Yum! Brands’s payout ratio is 50.09%.

Insider Transactions at Yum! Brands

In other news, CEO David W. Gibbs sold 7,059 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $135.94, for a total transaction of $959,600.46. Following the completion of the sale, the chief executive officer now owns 149,385 shares in the company, valued at approximately $20,307,396.90. This trade represents a 4.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.31% of the stock is currently owned by corporate insiders.

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.