Herndon Capital Management LLC lowered its stake in shares of Yum Brands Inc. (NYSE:YUM) by 33.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 342,814 shares of the restaurant operator’s stock after selling 174,926 shares during the period. Herndon Capital Management LLC owned 0.09% of Yum Brands worth $28,426,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. BB&T Securities LLC boosted its stake in Yum Brands by 125.9% in the first quarter. BB&T Securities LLC now owns 103,091 shares of the restaurant operator’s stock valued at $8,438,000 after buying an additional 57,461 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in Yum Brands by 56.2% in the first quarter. Meeder Asset Management Inc. now owns 8,467 shares of the restaurant operator’s stock valued at $693,000 after buying an additional 3,048 shares during the last quarter. Edmond DE Rothschild Holding S.A. boosted its stake in Yum Brands by 19,172.0% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 38,544 shares of the restaurant operator’s stock valued at $3,155,000 after buying an additional 38,344 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in Yum Brands by 4.5% in the first quarter. UBS Asset Management Americas Inc. now owns 2,580,954 shares of the restaurant operator’s stock valued at $211,252,000 after buying an additional 110,616 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Yum Brands during the first quarter valued at about $5,646,000. Hedge funds and other institutional investors own 76.09% of the company’s stock.

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

Yum Brands Inc. (NYSE:YUM) traded down 0.66% during trading on Tuesday, hitting $86.16. 3,131,617 shares of the stock traded hands. Yum Brands Inc. has a 12 month low of $64.58 and a 12 month high of $91.99. The company has a market cap of $32.40 billion, a P/E ratio of 25.97 and a beta of 0.76. The company’s 50 day moving average price is $89.23 and its 200 day moving average price is $85.64.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 4th. Stockholders of record on Wednesday, October 19th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Monday, October 17th. This is a boost from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s dividend payout ratio (DPR) is presently 46.82%.

YUM has been the topic of several recent analyst reports. Vetr cut shares of Yum Brands from a “buy” rating to a “hold” rating and set a $86.90 price objective on the stock. in a research report on Monday, June 20th. Nomura reiterated a “buy” rating and set a $95.00 price objective (up previously from $92.00) on shares of Yum Brands in a research report on Wednesday, June 22nd. Deutsche Bank AG reiterated a “hold” rating and set a $83.00 price objective (up previously from $81.00) on shares of Yum Brands in a research report on Monday, July 11th. Royal Bank Of Canada restated a “buy” rating on shares of Yum Brands in a research report on Monday, July 11th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $93.00 price target on shares of Yum Brands in a research report on Monday, July 11th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Yum Brands currently has a consensus rating of “Hold” and an average target price of $92.46.

In other news, VP David Eric Russell sold 5,213 shares of Yum Brands stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $90.00, for a total value of $469,170.00. Following the completion of the transaction, the vice president now owns 14,428 shares in the company, valued at approximately $1,298,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Muktesh Pant sold 91,228 shares of Yum Brands stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $89.94, for a total value of $8,205,046.32. Following the completion of the transaction, the chief executive officer now owns 62,660 shares of the company’s stock, valued at approximately $5,635,640.40. The disclosure for this sale can be found here. 7.38% of the stock is owned by insiders.

Yum Brands Company Profile

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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