Mitchell Mcleod Pugh & Williams Inc. Sells 490 Shares of Yum! Brands, Inc. (NYSE:YUM)

Mitchell Mcleod Pugh & Williams Inc. cut its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 2.9% in the 4th quarter, HoldingsChannel reports. The fund owned 16,147 shares of the restaurant operator’s stock after selling 490 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Yum! Brands were worth $2,166,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in YUM. Safe Harbor Fiduciary LLC bought a new position in shares of Yum! Brands in the third quarter valued at approximately $29,000. DiNuzzo Private Wealth Inc. boosted its position in Yum! Brands by 957.1% in the third quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 201 shares during the last quarter. Kimelman & Baird LLC bought a new position in Yum! Brands in the 2nd quarter valued at $37,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Yum! Brands during the 2nd quarter valued at $39,000. Finally, Morse Asset Management Inc bought a new stake in shares of Yum! Brands during the 3rd quarter worth $42,000. Institutional investors and hedge funds own 82.37% of the company’s stock.

Insider Activity at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 3,815 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $137.06, for a total value of $522,883.90. Following the transaction, the chief executive officer now owns 149,385 shares in the company, valued at approximately $20,474,708.10. The trade was a 2.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.31% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on YUM. Oppenheimer upped their price objective on Yum! Brands from $154.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Redburn Atlantic cut Yum! Brands from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. TD Cowen reissued a “hold” rating and issued a $145.00 price objective on shares of Yum! Brands in a report on Wednesday, November 6th. Argus raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a report on Tuesday, December 31st. Finally, Citigroup reiterated a “neutral” rating and issued a $141.00 target price (down previously from $153.00) on shares of Yum! Brands in a research note on Friday, January 10th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $146.24.

Yum! Brands Stock Down 0.7 %

Shares of YUM stock opened at $125.31 on Monday. The business has a 50-day moving average price of $133.85 and a two-hundred day moving average price of $133.63. Yum! Brands, Inc. has a 12-month low of $122.13 and a 12-month high of $143.20. The firm has a market cap of $34.97 billion, a P/E ratio of 23.42, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11.

Yum! Brands (NYSE:YUM) last released its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The firm 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.44 EPS. As a group, research analysts expect that Yum! Brands, Inc. will post 5.46 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

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

About Yum! Brands

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.