British Columbia Investment Management Corp reduced its stake in shares of Yum Brands Inc. (NYSE:YUM) by 23.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,523 shares of the restaurant operator’s stock after selling 36,522 shares during the period. British Columbia Investment Management Corp’s holdings in Yum Brands were worth $11,036,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Exxonmobil Investment Management Inc. TX raised its stake in shares of Yum Brands by 6.0% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 105,466 shares of the restaurant operator’s stock valued at $8,745,000 after buying an additional 5,955 shares in the last quarter. DNB Asset Management AS raised its stake in shares of Yum Brands by 2.6% in the second quarter. DNB Asset Management AS now owns 35,877 shares of the restaurant operator’s stock valued at $2,975,000 after buying an additional 900 shares in the last quarter. Washington Trust Bank raised its stake in shares of Yum Brands by 1.4% in the second quarter. Washington Trust Bank now owns 2,002 shares of the restaurant operator’s stock valued at $166,000 after buying an additional 28 shares in the last quarter. Howland Capital Management LLC raised its stake in shares of Yum Brands by 4.1% in the second quarter. Howland Capital Management LLC now owns 120,805 shares of the restaurant operator’s stock valued at $10,017,000 after buying an additional 4,705 shares in the last quarter. Finally, Park National Corp OH raised its stake in shares of Yum Brands by 4.1% in the second quarter. Park National Corp OH now owns 5,201 shares of the restaurant operator’s stock valued at $431,000 after buying an additional 207 shares in the last quarter. 78.43% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Yum Brands Inc. (NYSE:YUM) traded up 0.30% on Friday, reaching $63.34. The company had a trading volume of 871,985 shares. Yum Brands Inc. has a 12 month low of $46.43 and a 12 month high of $66.13. The stock has a 50-day moving average price of $61.97 and a 200-day moving average price of $62.14. The stock has a market cap of $23.25 billion, a PE ratio of 16.30 and a beta of 0.78.

Yum Brands (NYSE:YUM) last announced its 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. The company had revenue of $3.32 billion for the quarter. Yum Brands had a negative return on equity of 589.18% and a net margin of 12.62%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 earnings per share. Analysts predict that Yum Brands Inc. will post $2.40 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 4th. Stockholders of record on Wednesday, October 19th were given a $0.51 dividend. The ex-dividend date of this dividend was Monday, October 17th. This is a positive change from Yum Brands’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 3.22%. Yum Brands’s dividend payout ratio (DPR) is 51.91%.

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YUM has been the subject of several research analyst reports. BTIG Research reiterated a “hold” rating on shares of Yum Brands in a research report on Sunday, September 4th. Robert W. Baird reiterated a “neutral” rating and issued a $92.00 price objective on shares of Yum Brands in a research report on Wednesday, September 7th. Wells Fargo & Co. reiterated a “market weight” rating and issued a $87.00 price objective on shares of Yum Brands in a research report on Sunday, October 2nd. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $97.00 price objective (up previously from $96.00) on shares of Yum Brands in a research report on Sunday, October 2nd. Finally, Vetr upgraded Yum Brands from a “sell” rating to a “buy” rating and set a $95.24 price objective for the company in a research report on Monday, September 26th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Yum Brands currently has a consensus rating of “Hold” and an average price target of $91.72.

In other news, CEO Roger G. Eaton sold 53,518 shares of Yum Brands stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $91.72, for a total value of $4,908,670.96. Following the completion of the transaction, the chief executive officer now directly owns 245,736 shares of the company’s stock, valued at approximately $22,538,905.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO David W. Gibbs sold 14,487 shares of Yum Brands stock in a transaction dated Thursday, October 13th. The stock was sold at an average price of $89.92, for a total value of $1,302,671.04. Following the completion of the transaction, the chief financial officer now directly owns 48,261 shares of the company’s stock, valued at $4,339,629.12. 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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