Yum! Brands, Inc. (NYSE:YUM) Shares Sold by ING Groep NV

ING Groep NV lowered its position in Yum! Brands, Inc. (NYSE:YUM) by 60.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,686 shares of the restaurant operator’s stock after selling 57,294 shares during the period. ING Groep NV’s holdings in Yum! Brands were worth $5,265,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Metis Global Partners LLC grew its stake in Yum! Brands by 5.1% in the 3rd quarter. Metis Global Partners LLC now owns 13,350 shares of the restaurant operator’s stock valued at $1,865,000 after acquiring an additional 646 shares during the last quarter. Curi RMB Capital LLC purchased a new stake in shares of Yum! Brands in the third quarter valued at about $262,000. Schrum Private Wealth Management LLC acquired a new stake in shares of Yum! Brands in the third quarter valued at approximately $327,000. Oppenheimer Asset Management Inc. increased its stake in shares of Yum! Brands by 6.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 16,538 shares of the restaurant operator’s stock worth $2,311,000 after purchasing an additional 974 shares in the last quarter. Finally, MQS Management LLC acquired a new position in shares of Yum! Brands during the 3rd quarter worth approximately $656,000. 82.37% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Yum! Brands news, Director Weir Mirian M. Graddick sold 1,309 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $137.40, for a total value of $179,856.60. Following the completion of the transaction, the director now directly owns 1,233 shares of the company’s stock, valued at $169,414.20. This represents a 51.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $134.43, for a total value of $941,682.15. Following the sale, 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 have sold a total of 15,319 shares of company stock worth $2,063,221 over the last quarter. 0.31% of the stock is owned by corporate insiders.

Yum! Brands Price Performance

NYSE YUM opened at $133.59 on Friday. The firm has a market capitalization of $37.28 billion, a P/E ratio of 24.97, a P/E/G ratio of 2.30 and a beta of 1.10. Yum! Brands, Inc. has a 1-year low of $123.70 and a 1-year high of $143.20. The business’s 50-day simple moving average is $134.43 and its 200-day simple moving average is $134.66.

Yum! Brands (NYSE:YUM) last posted its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the previous year, the firm posted $1.44 EPS. The business’s revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts expect that Yum! Brands, Inc. will post 5.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Stifel Nicolaus lowered their target price on Yum! Brands from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Bank of America decreased their price objective on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft cut their target price on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Loop Capital decreased their price target on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Finally, Robert W. Baird boosted their price objective on shares of Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Yum! Brands presently has a consensus rating of “Hold” and an average target price of $145.94.

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.