Wellington Shields & Co. LLC Decreases Position in Yum! Brands, Inc. (YUM)

Wellington Shields & Co. LLC decreased its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 18.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,200 shares of the restaurant operator’s stock after selling 720 shares during the quarter. Wellington Shields & Co. LLC’s holdings in Yum! Brands were worth $236,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in YUM. Pioneer Investment Management Inc. acquired a new stake in shares of Yum! Brands during the second quarter worth about $104,149,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Yum! Brands during the second quarter worth about $102,713,000. Prudential Financial Inc. lifted its holdings in shares of Yum! Brands by 224.3% during the second quarter. Prudential Financial Inc. now owns 1,549,775 shares of the restaurant operator’s stock worth $114,311,000 after purchasing an additional 1,071,899 shares during the period. Frontier Capital Management Co. LLC acquired a new stake in shares of Yum! Brands during the second quarter worth about $56,123,000. Finally, Vanguard Group Inc. lifted its holdings in Yum! Brands by 3.3% in the second quarter. Vanguard Group Inc. now owns 22,604,873 shares of the restaurant operator’s stock valued at $1,667,335,000 after acquiring an additional 711,910 shares during the period. 72.53% of the stock is owned by hedge funds and other institutional investors.

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In other Yum! Brands news, CFO David W. Gibbs sold 4,318 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $80.56, for a total value of $347,858.08. Following the completion of the sale, the chief financial officer now directly owns 39,396 shares in the company, valued at approximately $3,173,741.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Brian R. Niccol sold 3,588 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $79.90, for a total value of $286,681.20. Following the completion of the sale, the chief executive officer now owns 15,075 shares of the company’s stock, valued at $1,204,492.50. The disclosure for this sale can be found here. 0.65% of the stock is owned by corporate insiders.

A number of research analysts have issued reports on the company. Nomura boosted their price target on Yum! Brands from $85.00 to $89.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Robert W. Baird boosted their price target on Yum! Brands from $78.00 to $83.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Jefferies Group LLC boosted their price target on Yum! Brands from $66.00 to $75.00 and gave the company a “hold” rating in a report on Friday, November 3rd. UBS AG reissued a “positive” rating and issued a $89.00 price target (up from $83.00) on shares of Yum! Brands in a report on Friday, November 3rd. Finally, Cowen and Company reissued a “buy” rating and issued a $91.00 price target on shares of Yum! Brands in a report on Friday, November 3rd. Twelve equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $80.95.

Shares of Yum! Brands, Inc. (YUM) traded up $0.15 during trading hours on Tuesday, reaching $79.74. The company’s stock had a trading volume of 1,306,400 shares, compared to its average volume of 2,249,026. The company has a current ratio of 1.42, a quick ratio of 1.41 and a debt-to-equity ratio of -1.55. The stock has a market cap of $26,821.33, a PE ratio of 28.42, a P/E/G ratio of 2.41 and a beta of 0.86. Yum! Brands, Inc. has a 12 month low of $60.34 and a 12 month high of $81.65.

Yum! Brands (NYSE:YUM) last issued its earnings results on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Yum! Brands had a negative return on equity of 17.19% and a net margin of 18.51%. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.09 EPS. analysts predict that Yum! Brands, Inc. will post 2.81 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Tuesday, November 14th. Yum! Brands’s payout ratio is currently 37.04%.

Yum! Brands Profile

YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.

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

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