Westpac Banking Corp lessened its stake in Yum! Brands, Inc. (NYSE:YUM) by 0.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 320,458 shares of the restaurant operator’s stock after selling 2,971 shares during the period. Westpac Banking Corp’s holdings in Yum! Brands were worth $31,985,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in YUM. Howe & Rusling Inc. acquired a new stake in Yum! Brands in the 1st quarter valued at about $25,000. Athena Capital Advisors LLC acquired a new stake in Yum! Brands in the 4th quarter valued at about $25,000. Bogart Wealth LLC raised its position in Yum! Brands by 70.0% in the 1st quarter. Bogart Wealth LLC now owns 340 shares of the restaurant operator’s stock valued at $33,000 after purchasing an additional 140 shares in the last quarter. Sontag Advisory LLC acquired a new stake in Yum! Brands in the 4th quarter valued at about $41,000. Finally, JNBA Financial Advisors raised its position in Yum! Brands by 54.0% in the 4th quarter. JNBA Financial Advisors now owns 462 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 162 shares in the last quarter. Institutional investors and hedge funds own 74.91% of the company’s stock.

In other Yum! Brands news, CEO Greg Creed sold 44,949 shares of Yum! Brands stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $105.82, for a total value of $4,756,503.18. Following the transaction, the chief executive officer now directly owns 158,745 shares in the company, valued at approximately $16,798,395.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David W. Gibbs sold 1,531 shares of Yum! Brands stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $100.25, for a total value of $153,482.75. Following the completion of the transaction, the chief financial officer now owns 43,516 shares in the company, valued at $4,362,479. The disclosure for this sale can be found here. Insiders have sold a total of 58,200 shares of company stock worth $6,085,268 in the last 90 days. 0.67% of the stock is currently owned by company insiders.

YUM has been the topic of several research analyst reports. Zacks Investment Research lowered Yum! Brands from a “buy” rating to a “hold” rating in a research report on Saturday, February 16th. JPMorgan Chase & Co. lowered Yum! Brands from an “overweight” rating to a “neutral” rating and set a $94.00 target price on the stock. in a research report on Tuesday, March 19th. Mizuho lowered Yum! Brands from a “buy” rating to a “neutral” rating and set a $84.00 target price on the stock. in a research report on Wednesday, March 20th. Citigroup cut their target price on Yum! Brands from $104.00 to $103.00 and set a “neutral” rating on the stock in a research report on Thursday, April 4th. Finally, Robert W. Baird reissued an “outperform” rating and set a $112.00 target price on shares of Yum! Brands in a research report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Yum! Brands presently has a consensus rating of “Hold” and an average target price of $101.00.

NYSE:YUM traded up $1.36 during mid-day trading on Wednesday, reaching $108.93. 62,922 shares of the stock were exchanged, compared to its average volume of 1,715,048. The company has a market capitalization of $33.39 billion, a PE ratio of 34.38, a P/E/G ratio of 2.33 and a beta of 0.55. Yum! Brands, Inc. has a 1 year low of $77.09 and a 1 year high of $109.63.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.02. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.25 billion. Yum! Brands had a negative return on equity of 13.06% and a net margin of 24.61%. The firm’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 EPS. Equities research analysts predict that Yum! Brands, Inc. will post 3.81 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Thursday, May 16th were paid a dividend of $0.42 per share. The ex-dividend date was Wednesday, May 15th. This represents a $1.68 dividend on an annualized basis and a yield of 1.54%. Yum! Brands’s dividend payout ratio is presently 53.00%.

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Yum! Brands Company Profile

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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

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