Yum! Brands, Inc. (NYSE:YUM) Holdings Lowered by Cromwell Holdings LLC

Cromwell Holdings LLC lowered its stake in Yum! Brands, Inc. (NYSE:YUM) by 16.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 707 shares of the restaurant operator’s stock after selling 141 shares during the quarter. Cromwell Holdings LLC’s holdings in Yum! Brands were worth $99,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Joel Isaacson & Co. LLC lifted its position in shares of Yum! Brands by 2.1% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 4,927 shares of the restaurant operator’s stock valued at $688,000 after acquiring an additional 100 shares in the last quarter. Blackston Financial Advisory Group LLC acquired a new stake in Yum! Brands during the 3rd quarter valued at $441,000. Ballentine Partners LLC lifted its holdings in shares of Yum! Brands by 5.0% in the third quarter. Ballentine Partners LLC now owns 7,313 shares of the restaurant operator’s stock valued at $1,022,000 after purchasing an additional 350 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Yum! Brands by 182.2% in the third quarter. Assenagon Asset Management S.A. now owns 100,315 shares of the restaurant operator’s stock worth $14,015,000 after buying an additional 64,771 shares during the period. Finally, IFM Investors Pty Ltd grew its holdings in shares of Yum! Brands by 5.6% during the third quarter. IFM Investors Pty Ltd now owns 57,039 shares of the restaurant operator’s stock valued at $7,969,000 after buying an additional 3,010 shares in the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on YUM shares. Deutsche Bank Aktiengesellschaft upped their target price on Yum! Brands from $143.00 to $147.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. TD Cowen cut shares of Yum! Brands from a “buy” rating to a “hold” rating and lowered their price target for the company from $156.00 to $145.00 in a report on Wednesday, October 16th. Morgan Stanley cut their price objective on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. Evercore ISI downgraded Yum! Brands from an “outperform” rating to an “inline” rating and lowered their target price for the company from $160.00 to $145.00 in a research note on Tuesday, July 16th. Finally, Robert W. Baird upped their target price on Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $146.44.

Insider Transactions at Yum! Brands

In other Yum! Brands news, insider Scott Catlett sold 8,234 shares of Yum! Brands stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $137.79, for a total transaction of $1,134,562.86. Following the sale, the insider now directly owns 29,159 shares of the company’s stock, valued at approximately $4,017,818.61. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Scott Catlett sold 8,234 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $137.79, for a total value of $1,134,562.86. Following the sale, the insider now owns 29,159 shares of the company’s stock, valued at $4,017,818.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David W. Gibbs sold 7,069 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $137.92, for a total value of $974,956.48. Following the transaction, the chief executive officer now owns 159,132 shares of the company’s stock, valued at $21,947,485.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,673 shares of company stock worth $13,918,095. 0.31% of the stock is currently owned by company insiders.

Yum! Brands Price Performance

Yum! Brands stock opened at $133.04 on Friday. Yum! Brands, Inc. has a fifty-two week low of $118.28 and a fifty-two week high of $143.20. The firm has a fifty day moving average price of $134.74 and a two-hundred day moving average price of $135.09. The firm has a market cap of $37.47 billion, a price-to-earnings ratio of 23.59, a P/E/G ratio of 2.07 and a beta of 1.08.

Yum! Brands (NYSE:YUM) last announced its earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.02. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Yum! Brands had a negative return on equity of 18.90% and a net margin of 21.96%. During the same quarter in the prior year, the company earned $1.41 EPS. As a group, sell-side analysts expect that Yum! Brands, Inc. will post 5.6 earnings per share for the current year.

Yum! Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were given a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $2.68 annualized dividend and a yield of 2.01%. Yum! Brands’s dividend payout ratio is 47.52%.

Yum! Brands Profile

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.