Fenimore Asset Management Inc. decreased its position in Yum Brands Inc. (NYSE:YUM) by 0.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 246,950 shares of the restaurant operator’s stock after selling 730 shares during the period. Fenimore Asset Management Inc. owned 0.06% of Yum Brands worth $22,426,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in YUM. Advisory Services Network LLC boosted its position in shares of Yum Brands by 9.2% in the second quarter. Advisory Services Network LLC now owns 1,292 shares of the restaurant operator’s stock worth $107,000 after buying an additional 109 shares in the last quarter. Tortoise Investment Management LLC boosted its position in shares of Yum Brands by 10.4% in the second quarter. Tortoise Investment Management LLC now owns 1,325 shares of the restaurant operator’s stock worth $110,000 after buying an additional 125 shares in the last quarter. Zions Bancorporation boosted its position in shares of Yum Brands by 17.1% in the first quarter. Zions Bancorporation now owns 1,508 shares of the restaurant operator’s stock worth $121,000 after buying an additional 220 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in shares of Yum Brands during the second quarter worth approximately $130,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Yum Brands by 637.5% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,652 shares of the restaurant operator’s stock worth $137,000 after buying an additional 1,428 shares in the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

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

Shares of Yum Brands Inc. (NYSE:YUM) opened at 88.94 on Thursday. The firm has a 50-day moving average of $89.34 and a 200 day moving average of $85.45. Yum Brands Inc. has a 52 week low of $64.58 and a 52 week high of $91.99. The firm has a market capitalization of $33.44 billion, a price-to-earnings ratio of 26.81 and a beta of 0.76.

Yum Brands (NYSE:YUM) last announced its quarterly earnings results on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by $0.01. Yum Brands had a net margin of 12.62% and a negative return on equity of 589.18%. The business earned $3.32 billion during the quarter. During the same period in the prior year, the business posted $1.00 EPS. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, equities analysts predict that Yum Brands Inc. will post $3.70 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 4th. Shareholders of record on Wednesday, October 19th will be given a $0.51 dividend. This is a boost from Yum Brands’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 2.29%. The ex-dividend date is Monday, October 17th. Yum Brands’s dividend payout ratio is 46.82%.

Several research firms have recently weighed in on YUM. Nomura reaffirmed a “buy” rating on shares of Yum Brands in a report on Tuesday, July 12th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Yum Brands in a report on Monday, July 11th. Cowen and Company reaffirmed a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. Finally, Vetr raised shares of Yum Brands from a “sell” rating to a “buy” rating and set a $95.24 price objective for the company in a report on Monday, September 26th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $92.31.

In other Yum Brands news, CEO Roger G. Eaton sold 44,952 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $88.53, for a total value of $3,979,600.56. Following the completion of the transaction, the chief executive officer now directly owns 244,274 shares in the company, valued at approximately $21,625,577.22. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Tracy L. Skeans sold 1,793 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $90.02, for a total transaction of $161,405.86. The disclosure for this sale can be found here. 7.38% of the stock is currently owned by company insiders.

About Yum Brands

YUM! Brands, Inc (YUM) is engaged in restaurant business. The Company develops, operates, franchises and licenses an across the world system of restaurants, which prepare, package and sell a menu of food items, primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts). YUM operates through four segments: YUM China (China Division), which includes all operations in mainland China; The KFC Division, which includes all operations of the KFC concept outside of China Division; The Pizza Hut Division, which includes all operations of the Pizza Hut concept outside of China Division, and the Taco Bell Division, which includes all operations of the Taco Bell concept.

5 Day Chart for NYSE:YUM

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