Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Geller Advisors LLC

Geller Advisors LLC cut its position in Yum! Brands, Inc. (NYSE:YUM) by 17.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,672 shares of the restaurant operator’s stock after selling 345 shares during the period. Geller Advisors LLC’s holdings in Yum! Brands were worth $234,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Safe Harbor Fiduciary LLC purchased a new position in shares of Yum! Brands in the third quarter valued at approximately $29,000. DiNuzzo Private Wealth Inc. grew its position in shares of Yum! Brands by 957.1% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 201 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of Yum! Brands by 43.6% during the second quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 82 shares in the last quarter. Kimelman & Baird LLC acquired a new position in Yum! Brands during the second quarter worth approximately $37,000. Finally, Iron Horse Wealth Management LLC grew its position in shares of Yum! Brands by 3,088.9% during the second quarter. Iron Horse Wealth Management LLC now owns 287 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 278 shares during the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Insiders Place Their Bets

In related news, CEO David W. Gibbs sold 7,005 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $134.43, for a total value of $941,682.15. Following the transaction, the chief executive officer now owns 152,634 shares in the company, valued at $20,518,588.62. This trade represents a 4.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 21,069 shares of company stock valued at $2,842,965. 0.31% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. JPMorgan Chase & Co. boosted their target price on shares of Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Redburn Atlantic lowered Yum! Brands from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. TD Cowen reiterated a “hold” rating and issued a $145.00 target price on shares of Yum! Brands in a research note on Wednesday, November 6th. Finally, Loop Capital lowered their price target on Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $145.94.

Yum! Brands Price Performance

YUM opened at $139.08 on Tuesday. The company has a market capitalization of $38.81 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 2.38 and a beta of 1.10. Yum! Brands, Inc. has a fifty-two week low of $124.41 and a fifty-two week high of $143.20. The business has a 50-day moving average of $135.45 and a 200-day moving average of $134.45.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.90 billion. Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.44 earnings per share. On average, equities research analysts expect that Yum! Brands, Inc. will post 5.47 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be paid a $0.67 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.68 annualized dividend and a dividend yield of 1.93%. Yum! Brands’s dividend payout ratio is presently 50.09%.

About Yum! Brands

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.