Yum! Brands, Inc. $YUM Stock Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA reduced its stake in Yum! Brands, Inc. (NYSE:YUM) by 3.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 146,492 shares of the restaurant operator’s stock after selling 5,070 shares during the period. Pictet Asset Management Holding SA’s holdings in Yum! Brands were worth $19,973,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Yum! Brands in the 2nd quarter worth approximately $27,000. MADDEN SECURITIES Corp acquired a new position in Yum! Brands during the 3rd quarter valued at approximately $27,000. Kelleher Financial Advisors acquired a new position in Yum! Brands during the 2nd quarter valued at approximately $29,000. Manning & Napier Advisors LLC acquired a new position in Yum! Brands during the 2nd quarter valued at approximately $29,000. Finally, State of Wyoming bought a new position in Yum! Brands during the 1st quarter worth $30,000. 82.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. dropped their target price on Yum! Brands from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 29th. TD Cowen boosted their price target on shares of Yum! Brands from $177.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, November 3rd. Deutsche Bank restated a “hold” rating and set a $167.00 price target (down from $174.00) on shares of Yum! Brands in a research report on Wednesday, October 21st. Robert W. Baird dropped their price objective on shares of Yum! Brands from $165.00 to $158.00 and set an “outperform” rating on the stock in a report on Friday, October 2nd. Finally, Argus cut shares of Yum! Brands from a “buy” rating to a “hold” rating in a report on Thursday, September 24th. Fourteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $175.67.

Yum! Brands Trading Down 0.1%

YUM opened at $160.00 on Thursday. The business’s 50 day moving average is $147.36 and its 200-day moving average is $153.68. The stock has a market cap of $42.92 billion, a PE ratio of 12.84, a price-to-earnings-growth ratio of 2.63 and a beta of 0.53. Yum! Brands, Inc. has a twelve month low of $134.26 and a twelve month high of $170.14.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Tuesday, November 3rd. The restaurant operator reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.05. Yum! Brands had a negative return on equity of 25.54% and a net margin of 39.14%. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same period in the prior year, the company posted $1.58 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, analysts forecast that Yum! Brands, Inc. will post 6.41 EPS for the current year.

Yum! Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Wednesday, September 9th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Wednesday, September 9th. Yum! Brands’s payout ratio is 24.08%.

Insider Transactions at Yum! Brands

In related news, CEO Scott Mezvinsky sold 268 shares of Yum! Brands stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $153.64, for a total transaction of $41,175.52. Following the sale, the chief executive officer directly owned 482 shares in the company, valued at $74,054.48. The trade was a 35.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Tracy Skeans sold 3,494 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $158.00, for a total transaction of $552,052.00. Following the completion of the sale, the chief operating officer directly owned 3 shares of the company’s stock, valued at $474. The trade was a 99.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 4,288 shares of company stock valued at $666,149. 0.14% of the stock is currently owned by corporate insiders.

Yum! Brands Company Profile

Yum! Brands, Inc. is a global restaurant company that operates and franchises quick-service restaurants under the KFC, Taco Bell, Pizza Hut and Habit Burger & Grill brands. Its restaurants serve customers through dine-in, takeout, delivery and digital ordering channels. The company’s brands offer a range of products, including KFC’s chicken meals, Taco Bell’s Mexican-inspired food, Pizza Hut’s pizzas and related items, and Habit Burger & Grill’s chargrilled burgers and sandwiches. Yum! Brands’ business relies heavily on franchised restaurants, alongside locations it operates directly.