Mitsubishi UFJ Trust & Banking Corp Lowers Stake in Yum! Brands, Inc. (YUM)

Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 60.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 271,805 shares of the restaurant operator’s stock after selling 416,355 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Yum! Brands were worth $24,710,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of YUM. Franklin Street Advisors Inc. NC raised its holdings in shares of Yum! Brands by 0.7% during the third quarter. Franklin Street Advisors Inc. NC now owns 90,149 shares of the restaurant operator’s stock worth $8,195,000 after purchasing an additional 594 shares during the last quarter. Howland Capital Management LLC increased its holdings in Yum! Brands by 0.4% in the third quarter. Howland Capital Management LLC now owns 162,136 shares of the restaurant operator’s stock valued at $14,740,000 after buying an additional 600 shares in the last quarter. Stock Yards Bank & Trust Co. increased its holdings in Yum! Brands by 3.1% in the third quarter. Stock Yards Bank & Trust Co. now owns 20,082 shares of the restaurant operator’s stock valued at $1,826,000 after buying an additional 603 shares in the last quarter. Bradley Foster & Sargent Inc. CT increased its holdings in Yum! Brands by 11.1% in the third quarter. Bradley Foster & Sargent Inc. CT now owns 6,545 shares of the restaurant operator’s stock valued at $595,000 after buying an additional 653 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. increased its holdings in Yum! Brands by 15.2% in the second quarter. Canandaigua National Bank & Trust Co. now owns 4,961 shares of the restaurant operator’s stock valued at $388,000 after buying an additional 656 shares in the last quarter. Institutional investors and hedge funds own 73.08% of the company’s stock.

A number of research analysts have weighed in on YUM shares. Zacks Investment Research raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a report on Monday. UBS Group set a $99.00 price objective on shares of Yum! Brands and gave the company a “buy” rating in a report on Monday, September 10th. BMO Capital Markets reaffirmed a “hold” rating and issued a $88.00 price objective on shares of Yum! Brands in a report on Friday, August 3rd. KeyCorp started coverage on shares of Yum! Brands in a report on Wednesday, October 3rd. They issued a “sector weight” rating for the company. Finally, Robert W. Baird lifted their price objective on shares of Yum! Brands from $94.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, November 1st. Twelve analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $90.81.

In other news, CFO David W. Gibbs sold 6,391 shares of the business’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $88.22, for a total transaction of $563,814.02. Following the completion of the sale, the chief financial officer now owns 39,380 shares of the company’s stock, valued at $3,474,103.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Roger G. Eaton sold 44,823 shares of the business’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $90.54, for a total transaction of $4,058,274.42. Following the sale, the chief executive officer now directly owns 160,726 shares of the company’s stock, valued at approximately $14,552,132.04. The disclosure for this sale can be found here. Insiders have sold 71,289 shares of company stock valued at $6,401,458 in the last three months. Corporate insiders own 0.63% of the company’s stock.

YUM stock opened at $91.86 on Friday. The stock has a market cap of $28.65 billion, a PE ratio of 31.03, a P/E/G ratio of 1.94 and a beta of 0.85. Yum! Brands, Inc. has a 52 week low of $75.88 and a 52 week high of $92.45.

Yum! Brands (NYSE:YUM) last released its earnings results on Wednesday, October 31st. The restaurant operator reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Yum! Brands had a net margin of 28.81% and a negative return on equity of 17.89%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 earnings per share. As a group, research analysts forecast that Yum! Brands, Inc. will post 3.72 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Monday, November 26th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, November 23rd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.57%. Yum! Brands’s dividend payout ratio is currently 48.65%.

Yum! Brands declared that its board has authorized a share repurchase program on Friday, August 10th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the restaurant operator to repurchase up to 7.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

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About Yum! Brands

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.

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

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