Linscomb Wealth Inc. Sells 664 Shares of Yum! Brands, Inc. (NYSE:YUM)

Linscomb Wealth Inc. lowered its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 2.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,995 shares of the restaurant operator’s stock after selling 664 shares during the period. Linscomb Wealth Inc.’s holdings in Yum! Brands were worth $3,352,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Deseret Mutual Benefit Administrators grew its position in shares of Yum! Brands by 3.9% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 2,049 shares of the restaurant operator’s stock valued at $271,000 after buying an additional 76 shares during the last quarter. Legacy Financial Advisors Inc. grew its position in shares of Yum! Brands by 2.2% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 3,460 shares of the restaurant operator’s stock valued at $458,000 after buying an additional 76 shares during the last quarter. Wesbanco Bank Inc. grew its position in shares of Yum! Brands by 1.9% in the 2nd quarter. Wesbanco Bank Inc. now owns 4,169 shares of the restaurant operator’s stock valued at $552,000 after buying an additional 78 shares during the last quarter. Diversified Trust Co grew its position in shares of Yum! Brands by 2.4% in the 3rd quarter. Diversified Trust Co now owns 3,321 shares of the restaurant operator’s stock valued at $464,000 after buying an additional 79 shares during the last quarter. Finally, Marcum Wealth LLC boosted its position in shares of Yum! Brands by 3.4% during the 2nd quarter. Marcum Wealth LLC now owns 2,477 shares of the restaurant operator’s stock valued at $328,000 after purchasing an additional 82 shares in the last quarter. Institutional investors own 82.37% of the company’s stock.

Insider Transactions at Yum! Brands

In other Yum! Brands news, Director Weir Mirian M. Graddick sold 1,309 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $137.40, for a total value of $179,856.60. Following the sale, the director now owns 1,233 shares in the company, valued at $169,414.20. The trade was a 51.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $134.43, for a total value of $941,682.15. Following the completion of the sale, the chief executive officer now directly owns 155,883 shares in the company, valued at $20,955,351.69. This trade represents a 4.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,319 shares of company stock valued at $2,063,221 over the last quarter. 0.31% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

YUM has been the topic of several research analyst reports. Bank of America cut their target price on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. upped their target price on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Stifel Nicolaus cut their target price on Yum! Brands from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Redburn Atlantic downgraded Yum! Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Twelve analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $145.94.

Yum! Brands Stock Performance

Shares of YUM traded down $0.25 during mid-day trading on Friday, reaching $136.49. The company had a trading volume of 286,468 shares, compared to its average volume of 1,945,769. The company has a market capitalization of $38.09 billion, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 2.27 and a beta of 1.10. The firm has a 50-day moving average price of $134.43 and a 200 day moving average price of $134.66. Yum! Brands, Inc. has a 52 week low of $123.70 and a 52 week high of $143.20.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the previous year, the business posted $1.44 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, research analysts forecast that Yum! Brands, Inc. will post 5.49 earnings per share for the current fiscal year.

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.