Asset Management One Co. Ltd. Has $19.78 Million Stock Holdings in Yum! Brands, Inc. $YUM

Asset Management One Co. Ltd. decreased its stake in Yum! Brands, Inc. (NYSE:YUM) by 0.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 133,503 shares of the restaurant operator’s stock after selling 1,207 shares during the period. Asset Management One Co. Ltd.’s holdings in Yum! Brands were worth $19,782,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in YUM. Manchester Capital Management LLC increased its stake in shares of Yum! Brands by 78.0% in the first quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 71 shares during the period. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Yum! Brands in the first quarter valued at about $25,000. HFM Investment Advisors LLC acquired a new stake in shares of Yum! Brands in the first quarter valued at about $25,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in Yum! Brands during the second quarter worth approximately $29,000. Finally, Wayfinding Financial LLC acquired a new stake in Yum! Brands during the first quarter worth approximately $32,000. Institutional investors and hedge funds own 82.37% of the company’s stock.

Analysts Set New Price Targets

YUM has been the subject of several recent analyst reports. Sanford C. Bernstein set a $164.00 target price on Yum! Brands in a research note on Tuesday, August 5th. Evercore ISI decreased their target price on Yum! Brands from $170.00 to $165.00 and set an “in-line” rating for the company in a research note on Wednesday, August 6th. Citigroup raised their price objective on Yum! Brands from $156.00 to $158.00 and gave the company a “neutral” rating in a research note on Monday, October 20th. Guggenheim reissued a “buy” rating and issued a $167.00 price objective (up previously from $165.00) on shares of Yum! Brands in a research note on Monday, August 4th. Finally, Royal Bank Of Canada assumed coverage on Yum! Brands in a research note on Wednesday, October 8th. They issued a “sector perform” rating and a $165.00 price objective for the company. Eleven analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Yum! Brands currently has a consensus rating of “Hold” and a consensus price target of $163.14.

Insider Buying and Selling

In related news, CEO David W. Gibbs sold 7,176 shares of Yum! Brands stock in a transaction on Monday, September 15th. The stock was sold at an average price of $149.80, for a total transaction of $1,074,964.80. Following the sale, the chief executive officer directly owned 102,893 shares in the company, valued at approximately $15,413,371.40. This trade represents a 6.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Tracy L. Skeans sold 12,220 shares of Yum! Brands stock in a transaction on Friday, August 15th. The stock was sold at an average price of $148.24, for a total value of $1,811,492.80. The disclosure for this sale can be found here. Insiders have sold 29,078 shares of company stock worth $4,304,785 over the last three months. Company insiders own 0.33% of the company’s stock.

Yum! Brands Stock Down 2.0%

YUM stock opened at $143.37 on Friday. Yum! Brands, Inc. has a twelve month low of $122.13 and a twelve month high of $163.30. The stock’s 50 day moving average is $147.35 and its 200-day moving average is $146.29. The firm has a market capitalization of $39.79 billion, a PE ratio of 28.28, a P/E/G ratio of 2.22 and a beta of 0.72.

Yum! Brands (NYSE:YUM) last posted its earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.02). Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the business earned $1.35 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, equities research analysts anticipate that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Tuesday, September 2nd. Yum! Brands’s dividend payout ratio (DPR) is currently 56.02%.

About Yum! Brands

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division segments. It also operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.