Sequoia Financial Advisors LLC Sells 265 Shares of Yum! Brands, Inc. (NYSE:YUM)

Sequoia Financial Advisors LLC trimmed its position in Yum! Brands, Inc. (NYSE:YUM) by 2.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,315 shares of the restaurant operator’s stock after selling 265 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Yum! Brands were worth $1,860,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Norden Group LLC bought a new stake in Yum! Brands during the first quarter valued at about $3,415,000. Legal & General Group Plc increased its position in 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 worth $419,123,000 after buying an additional 104,328 shares during the period. Marshall Wace LLP acquired a new position in shares of Yum! Brands during the second quarter worth approximately $7,645,000. Canada Pension Plan Investment Board grew its stake in shares of Yum! Brands by 140.1% in the second quarter. Canada Pension Plan Investment Board now owns 126,550 shares of the restaurant operator’s stock worth $16,763,000 after acquiring an additional 73,844 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in Yum! Brands by 1.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 333,131 shares of the restaurant operator’s stock worth $44,000,000 after acquiring an additional 5,137 shares during the period. 82.37% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Yum! Brands news, Director Weir Mirian M. Graddick sold 1,309 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $137.40, for a total transaction of $179,856.60. Following the transaction, the director now directly owns 1,233 shares in the company, valued at approximately $169,414.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Yum! Brands news, Director Weir Mirian M. Graddick sold 1,309 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $137.40, for a total transaction of $179,856.60. Following the completion of the sale, the director now owns 1,233 shares in the company, valued at approximately $169,414.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David W. Gibbs sold 7,069 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $137.92, for a total value of $974,956.48. Following the completion of the transaction, the chief executive officer now owns 159,132 shares in the company, valued at $21,947,485.44. This 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 101,673 shares of company stock worth $13,918,095 over the last three months. 0.31% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on YUM shares. Stifel Nicolaus dropped their price objective on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. JPMorgan Chase & Co. boosted their price objective on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. TD Cowen downgraded shares of Yum! Brands from a “buy” rating to a “hold” rating and decreased their price target for the stock from $156.00 to $145.00 in a research note on Wednesday, October 16th. Evercore ISI lowered shares of Yum! Brands from an “outperform” rating to an “inline” rating and decreased their target price for the company from $160.00 to $145.00 in a research report on Tuesday, July 16th. Finally, Morgan Stanley decreased their price objective on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $146.44.

Yum! Brands Trading Down 0.6 %

YUM opened at $133.16 on Friday. Yum! Brands, Inc. has a 1-year low of $118.28 and a 1-year high of $143.20. The firm has a 50-day moving average price of $134.84 and a two-hundred day moving average price of $135.10. The stock has a market capitalization of $37.44 billion, a PE ratio of 24.39, a PEG ratio of 2.07 and a beta of 1.08.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.02. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company posted $1.41 EPS. On average, research analysts predict that Yum! Brands, Inc. will post 5.6 EPS for the current year.

Yum! Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum! Brands’s dividend payout ratio 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.