Investment House LLC cut its position in Yum! Brands, Inc. (NYSE:YUM) by 7.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,440 shares of the restaurant operator’s stock after selling 2,490 shares during the period. Investment House LLC’s holdings in Yum! Brands were worth $2,171,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the company. Mitchell Mcleod Pugh & Williams Inc. boosted its position in Yum! Brands by 0.6% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 18,977 shares of the restaurant operator’s stock worth $1,400,000 after buying an additional 115 shares in the last quarter. Oakbrook Investments LLC boosted its position in Yum! Brands by 76.5% in the second quarter. Oakbrook Investments LLC now owns 26,300 shares of the restaurant operator’s stock worth $1,940,000 after buying an additional 11,400 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Yum! Brands by 0.8% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 8,995 shares of the restaurant operator’s stock worth $663,000 after buying an additional 75 shares in the last quarter. Whittier Trust Co. boosted its position in Yum! Brands by 0.9% in the second quarter. Whittier Trust Co. now owns 9,150 shares of the restaurant operator’s stock worth $675,000 after buying an additional 79 shares in the last quarter. Finally, Prospera Financial Services Inc boosted its position in Yum! Brands by 1.3% in the second quarter. Prospera Financial Services Inc now owns 21,906 shares of the restaurant operator’s stock worth $1,613,000 after buying an additional 282 shares in the last quarter. 73.75% of the stock is owned by institutional investors and hedge funds.

Yum! Brands (NYSE:YUM) last issued its earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.07. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. Yum! Brands had a net margin of 16.76% and a negative return on equity of 24.95%. The business’s revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 earnings per share.

The business also recently announced a quarterly dividend, which was paid on Friday, August 4th. Stockholders of record on Friday, July 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Wednesday, July 12th. Yum! Brands’s dividend payout ratio is currently 33.15%.

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A number of equities analysts have commented on the stock. Barclays PLC boosted their price target on shares of Yum! Brands from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Friday. UBS AG boosted their price target on shares of Yum! Brands from $76.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $83.00 price objective on shares of Yum! Brands in a research note on Friday. BMO Capital Markets upped their price objective on shares of Yum! Brands from $66.00 to $77.00 and gave the company a “market perform” rating in a research note on Thursday. Finally, BidaskClub raised shares of Yum! Brands from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd. Fourteen research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Yum! Brands presently has an average rating of “Buy” and an average price target of $78.68.

In related news, CFO David W. Gibbs sold 8,125 shares of Yum! Brands stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $68.83, for a total value of $559,243.75. Following the completion of the sale, the chief financial officer now directly owns 39,181 shares in the company, valued at $2,696,828.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian R. Niccol sold 1,487 shares of Yum! Brands stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $73.82, for a total value of $109,770.34. Following the completion of the sale, the chief executive officer now owns 6,719 shares of the company’s stock, valued at $495,996.58. The disclosure for this sale can be found here. Insiders have sold 11,083 shares of company stock valued at $775,868 over the last three months. Insiders own 0.65% of the company’s stock.

About Yum! Brands

YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.

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

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