Banque Cantonale Vaudoise Sells 1,307 Shares of Yum! Brands, Inc. (NYSE:YUM)

Banque Cantonale Vaudoise trimmed its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 15.1% in the 3rd quarter, Holdings Channel reports. The firm owned 7,325 shares of the restaurant operator’s stock after selling 1,307 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Yum! Brands were worth $1,023,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in YUM. O Shaughnessy Asset Management LLC grew its stake in Yum! Brands by 12.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 23,332 shares of the restaurant operator’s stock valued at $3,235,000 after purchasing an additional 2,650 shares during the last quarter. Seven Eight Capital LP purchased a new position in Yum! Brands in the first quarter valued at about $402,000. Bessemer Group Inc. grew its stake in Yum! Brands by 20.9% in the first quarter. Bessemer Group Inc. now owns 32,556 shares of the restaurant operator’s stock valued at $4,515,000 after purchasing an additional 5,637 shares during the last quarter. Lake Street Advisors Group LLC grew its stake in Yum! Brands by 32.8% in the first quarter. Lake Street Advisors Group LLC now owns 2,808 shares of the restaurant operator’s stock valued at $389,000 after purchasing an additional 694 shares during the last quarter. Finally, Crewe Advisors LLC purchased a new position in Yum! Brands in the first quarter valued at about $28,000. 82.37% of the stock is currently owned by institutional investors.

Yum! Brands Trading Up 0.6 %

Shares of NYSE:YUM opened at $132.88 on Thursday. Yum! Brands, Inc. has a 12-month low of $123.70 and a 12-month high of $143.20. The company has a market capitalization of $37.08 billion, a PE ratio of 24.84, a PEG ratio of 2.26 and a beta of 1.10. The business has a 50 day moving average of $134.40 and a two-hundred day moving average of $134.50.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.44 earnings per share. Equities research analysts predict that Yum! Brands, Inc. will post 5.48 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO David W. Gibbs sold 7,059 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $135.94, for a total value of $959,600.46. Following the completion of the sale, the chief executive officer now directly owns 149,385 shares in the company, valued at $20,307,396.90. The trade was a 4.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 21,069 shares of company stock worth $2,842,965 over the last three months. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

YUM has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Redburn Atlantic lowered Yum! Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft lowered their price target on Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Loop Capital lowered their price target on Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Finally, TD Cowen reissued a “hold” rating and issued a $145.00 price target on shares of Yum! Brands in a report on Wednesday, November 6th. Twelve investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $145.94.

Yum! Brands Company 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.