Sanibel Captiva Trust Company Inc. Has $527,000 Holdings in Yum! Brands, Inc. (NYSE:YUM)

Sanibel Captiva Trust Company Inc. raised its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 17.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,774 shares of the restaurant operator’s stock after purchasing an additional 548 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Yum! Brands were worth $527,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Yum! Brands by 24.0% in the 1st quarter. Vanguard Group Inc. now owns 29,012,969 shares of the restaurant operator’s stock valued at $4,022,648,000 after acquiring an additional 5,607,517 shares during the period. Capital World Investors raised its position in shares of Yum! Brands by 23.7% in the 1st quarter. Capital World Investors now owns 18,121,611 shares of the restaurant operator’s stock valued at $2,512,561,000 after acquiring an additional 3,470,883 shares during the period. Capital International Investors raised its position in shares of Yum! Brands by 10.2% in the 1st quarter. Capital International Investors now owns 14,669,356 shares of the restaurant operator’s stock valued at $2,033,906,000 after acquiring an additional 1,362,813 shares during the period. Sustainable Growth Advisers LP raised its position in shares of Yum! Brands by 2.1% in the 1st quarter. Sustainable Growth Advisers LP now owns 5,939,663 shares of the restaurant operator’s stock valued at $823,534,000 after acquiring an additional 121,285 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Yum! Brands by 3.4% in the 2nd quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock valued at $419,123,000 after acquiring an additional 104,328 shares during the period. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on YUM shares. Stifel Nicolaus lowered their target price on Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. JPMorgan Chase & Co. increased their target price on Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Robert W. Baird increased their target price on Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Evercore ISI cut Yum! Brands from an “outperform” rating to an “inline” rating and lowered their target price for the stock from $160.00 to $145.00 in a research note on Tuesday, July 16th. Finally, Morgan Stanley lowered their price objective on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $145.25.

Insiders Place Their Bets

In other Yum! Brands news, insider Scott Catlett sold 8,234 shares of Yum! Brands stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $137.79, for a total transaction of $1,134,562.86. Following the completion of the transaction, the insider now directly owns 29,159 shares of the company’s stock, valued at $4,017,818.61. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Yum! Brands news, insider Scott Catlett sold 8,234 shares of Yum! Brands stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $137.79, for a total transaction of $1,134,562.86. Following the completion of the transaction, the insider now directly owns 29,159 shares of the company’s stock, valued at $4,017,818.61. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David W. Gibbs sold 7,069 shares of Yum! Brands stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $137.92, for a total transaction of $974,956.48. Following the transaction, the chief executive officer now directly owns 159,132 shares of the company’s stock, valued at approximately $21,947,485.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,629 shares of company stock valued at $13,888,443 over the last ninety days. 0.31% of the stock is currently owned by company insiders.

Yum! Brands Trading Up 0.6 %

Shares of YUM opened at $134.02 on Friday. The company has a market cap of $37.68 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 2.04 and a beta of 1.08. Yum! Brands, Inc. has a 1-year low of $115.53 and a 1-year high of $143.20. The company’s fifty day simple moving average is $135.27 and its 200 day simple moving average is $135.36.

Yum! Brands (NYSE:YUM) last issued its earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.02. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. During the same period in the previous year, the company earned $1.41 earnings per share. As a group, research analysts forecast that Yum! Brands, Inc. will post 5.61 earnings per share for the current year.

Yum! Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were given a dividend of $0.67 per share. The ex-dividend date was Tuesday, August 27th. This represents a $2.68 dividend on an annualized basis and a yield of 2.00%. Yum! Brands’s dividend payout ratio (DPR) is 49.08%.

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.