Exxonmobil Investment Management Inc. TX cut its position in Yum Brands Inc. (NYSE:YUM) by 10.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 94,574 shares of the restaurant operator’s stock after selling 10,892 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Yum Brands were worth $8,588,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in YUM. Washington Trust Bank boosted its stake in Yum Brands by 1.4% in the second quarter. Washington Trust Bank now owns 2,002 shares of the restaurant operator’s stock worth $166,000 after buying an additional 28 shares in the last quarter. Howland Capital Management LLC boosted its stake in Yum Brands by 4.1% in the second quarter. Howland Capital Management LLC now owns 120,805 shares of the restaurant operator’s stock worth $10,017,000 after buying an additional 4,705 shares in the last quarter. Park National Corp OH boosted its stake in Yum Brands by 4.1% in the second quarter. Park National Corp OH now owns 5,201 shares of the restaurant operator’s stock worth $431,000 after buying an additional 207 shares in the last quarter. Cullinan Associates Inc. boosted its stake in Yum Brands by 0.4% in the second quarter. Cullinan Associates Inc. now owns 64,150 shares of the restaurant operator’s stock worth $5,319,000 after buying an additional 230 shares in the last quarter. Finally, Kistler Tiffany Companies LLC boosted its stake in Yum Brands by 0.5% in the second quarter. Kistler Tiffany Companies LLC now owns 2,246 shares of the restaurant operator’s stock worth $186,000 after buying an additional 12 shares in the last quarter. 78.43% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Yum Brands Inc. (NYSE:YUM) traded down 0.58% during trading on Monday, hitting $62.00. The stock had a trading volume of 2,934,293 shares. The firm’s 50-day moving average is $62.13 and its 200 day moving average is $62.07. The firm has a market cap of $22.75 billion, a price-to-earnings ratio of 15.95 and a beta of 0.78. Yum Brands Inc. has a 52-week low of $46.43 and a 52-week high of $66.13.

Yum Brands (NYSE:YUM) last announced its earnings results on Wednesday, October 5th. The restaurant operator reported $1.09 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $3.32 billion for the quarter. During the same period in the prior year, the firm earned $1.00 earnings per share. Yum Brands’s revenue was down 3.2% on a year-over-year basis. On average, analysts expect that Yum Brands Inc. will post $2.40 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 4th. Shareholders of record on Wednesday, October 19th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, October 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.29%. This is a boost from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s dividend payout ratio is presently 51.91%.

A number of research firms have recently commented on YUM. BTIG Research reissued a “hold” rating on shares of Yum Brands in a research note on Sunday, September 4th. Robert W. Baird reaffirmed a “neutral” rating and set a $92.00 price objective on shares of Yum Brands in a research report on Wednesday, September 7th. Wells Fargo & Co. reaffirmed a “market weight” rating and set a $87.00 price objective on shares of Yum Brands in a research report on Sunday, October 2nd. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $97.00 price objective (up from $96.00) on shares of Yum Brands in a research report on Sunday, October 2nd. Finally, Vetr raised Yum Brands from a “sell” rating to a “buy” rating and set a $95.24 price objective on the stock in a research report on Monday, September 26th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $91.72.

In other Yum Brands news, CEO Roger G. Eaton sold 53,518 shares of the stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $91.72, for a total transaction of $4,908,670.96. Following the completion of the transaction, the chief executive officer now owns 245,736 shares of the company’s stock, valued at $22,538,905.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David W. Gibbs sold 14,487 shares of the stock in a transaction that occurred on Thursday, October 13th. The shares were sold at an average price of $89.92, for a total value of $1,302,671.04. Following the transaction, the chief financial officer now directly owns 48,261 shares of the company’s stock, valued at approximately $4,339,629.12. The disclosure for this sale can be found here. Company insiders own 7.38% of the company’s stock.

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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