Brant Point Investment Management LLC Decreases Position in Yum! Brands, Inc. (YUM)

Brant Point Investment Management LLC trimmed its position in Yum! Brands, Inc. (NYSE:YUM) by 6.9% in the third quarter, HoldingsChannel reports. The firm owned 67,967 shares of the restaurant operator’s stock after selling 5,000 shares during the quarter. Yum! Brands accounts for 0.6% of Brant Point Investment Management LLC’s holdings, making the stock its 27th biggest holding. Brant Point Investment Management LLC’s holdings in Yum! Brands were worth $6,179,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Franklin Street Advisors Inc. NC lifted its holdings in Yum! Brands by 0.7% in the third quarter. Franklin Street Advisors Inc. NC now owns 90,149 shares of the restaurant operator’s stock worth $8,195,000 after acquiring an additional 594 shares during the last quarter. Howland Capital Management LLC lifted 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 worth $14,740,000 after acquiring an additional 600 shares during the last quarter. Stock Yards Bank & Trust Co. lifted 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 worth $1,826,000 after acquiring an additional 603 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted 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 worth $595,000 after acquiring an additional 653 shares during the last quarter. Finally, Canandaigua National Bank & Trust Co. lifted 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 worth $388,000 after acquiring an additional 656 shares during the last quarter. Institutional investors and hedge funds own 73.08% of the company’s stock.

A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Yum! Brands from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group set a $99.00 target price on shares of Yum! Brands and gave the stock a “buy” rating in a report on Monday, September 10th. ValuEngine raised shares of Yum! Brands from a “hold” rating to a “buy” rating in a report on Friday, September 7th. BTIG Research raised their target price on shares of Yum! Brands from $92.00 to $102.00 and gave the stock a “buy” rating in a report on Wednesday, October 10th. Finally, Robert W. Baird raised their target price on shares of Yum! Brands from $94.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, November 1st. Thirteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $90.81.

YUM opened at $92.22 on Friday. The company has a market cap of $28.69 billion, a PE ratio of 31.16, a price-to-earnings-growth ratio of 1.94 and a beta of 0.85. Yum! Brands, Inc. has a twelve month low of $75.88 and a twelve month high of $92.45.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Monday, November 26th will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, November 23rd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.56%. Yum! Brands’s dividend payout ratio (DPR) is presently 48.65%.

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

In other news, CEO Roger G. Eaton sold 44,823 shares of Yum! Brands stock in a transaction that occurred on 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 owns 160,726 shares of the company’s stock, valued at $14,552,132.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP David Eric Russell sold 7,340 shares of Yum! Brands stock in a transaction that occurred on Tuesday, September 25th. The shares were sold at an average price of $90.00, for a total value of $660,600.00. Following the sale, the vice president now directly owns 25,960 shares in the company, valued at approximately $2,336,400. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,289 shares of company stock worth $6,401,458. Corporate insiders own 0.63% of the company’s stock.

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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.

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

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