Yum! Brands, Inc. (YUM) Holdings Reduced by Greenleaf Trust

Greenleaf Trust decreased its position in Yum! Brands, Inc. (NYSE:YUM) by 35.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,960 shares of the restaurant operator’s stock after selling 2,184 shares during the period. Greenleaf Trust’s holdings in Yum! Brands were worth $360,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stock Yards Bank & Trust Co. grew its position in Yum! Brands by 3.1% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 20,082 shares of the restaurant operator’s stock worth $1,826,000 after purchasing an additional 603 shares during the last quarter. WINTON GROUP Ltd grew its position in Yum! Brands by 88.1% in the 2nd quarter. WINTON GROUP Ltd now owns 196,475 shares of the restaurant operator’s stock worth $15,368,000 after purchasing an additional 92,002 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Yum! Brands by 1.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,227,054 shares of the restaurant operator’s stock worth $95,981,000 after purchasing an additional 13,855 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Yum! Brands in the 2nd quarter worth about $477,000. Finally, NorthCoast Asset Management LLC grew its position in Yum! Brands by 189.2% in the 2nd quarter. NorthCoast Asset Management LLC now owns 22,873 shares of the restaurant operator’s stock worth $1,789,000 after purchasing an additional 14,963 shares during the last quarter. Hedge funds and other institutional investors own 71.08% of the company’s stock.

In related news, CFO David W. Gibbs sold 6,369 shares of the stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $87.83, for a total transaction of $559,389.27. Following the completion of the sale, the chief financial officer now directly owns 47,701 shares of the company’s stock, valued at $4,189,578.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David W. Gibbs sold 6,366 shares of the stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $87.87, for a total transaction of $559,380.42. Following the sale, the chief financial officer now directly owns 47,764 shares of the company’s stock, valued at $4,197,022.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,075 shares of company stock valued at $1,779,370. Company insiders own 0.63% of the company’s stock.

Several research analysts have commented on the stock. UBS Group set a $99.00 target price on shares of Yum! Brands and gave the stock a “buy” rating in a research report on Monday, September 10th. Zacks Investment Research cut shares of Yum! Brands from a “buy” rating to a “hold” rating in a research report on Thursday, October 18th. Robert W. Baird upped their target price on shares of Yum! Brands from $94.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday. ValuEngine raised shares of Yum! Brands from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $88.00 price target on shares of Yum! Brands in a research note on Friday, August 3rd. Fourteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Yum! Brands currently has an average rating of “Hold” and an average target price of $90.06.

Shares of NYSE:YUM opened at $86.90 on Friday. The company has a market capitalization of $27.43 billion, a PE ratio of 29.36, a P/E/G ratio of 1.93 and a beta of 0.86. Yum! Brands, Inc. has a twelve month low of $75.88 and a twelve month high of $92.21.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Wednesday, October 31st. The restaurant operator reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. Yum! Brands had a net margin of 27.95% and a negative return on equity of 17.36%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the business posted $0.68 EPS. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. Research analysts anticipate that Yum! Brands, Inc. will post 3.53 earnings per share for the current year.

Yum! Brands announced that its board has approved a stock repurchase plan on Friday, August 10th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the restaurant operator to purchase up to 7.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Yum! Brands Company Profile

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

See Also: Understanding Price to Earnings Ratio (PE)

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

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