Yum! Brands, Inc. (YUM) Shares Sold by Mackay Shields LLC

Mackay Shields LLC trimmed its stake in Yum! Brands, Inc. (NYSE:YUM) by 8.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,989 shares of the restaurant operator’s stock after selling 5,296 shares during the period. Mackay Shields LLC’s holdings in Yum! Brands were worth $5,514,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of YUM. Oregon Public Employees Retirement Fund grew its position in Yum! Brands by 6,899.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,916,798 shares of the restaurant operator’s stock worth $64,000 after purchasing an additional 5,832,264 shares during the last quarter. Acadian Asset Management LLC grew its position in Yum! Brands by 118.0% in the 4th quarter. Acadian Asset Management LLC now owns 1,390,826 shares of the restaurant operator’s stock worth $127,843,000 after purchasing an additional 752,837 shares during the last quarter. Federated Investors Inc. PA grew its position in Yum! Brands by 608.2% in the 3rd quarter. Federated Investors Inc. PA now owns 721,958 shares of the restaurant operator’s stock worth $65,633,000 after purchasing an additional 620,015 shares during the last quarter. BlackRock Inc. grew its position in Yum! Brands by 2.4% in the 4th quarter. BlackRock Inc. now owns 21,595,217 shares of the restaurant operator’s stock worth $1,985,033,000 after purchasing an additional 496,648 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in Yum! Brands by 40.1% in the 4th quarter. California Public Employees Retirement System now owns 1,672,639 shares of the restaurant operator’s stock worth $153,749,000 after purchasing an additional 478,571 shares during the last quarter. Institutional investors own 73.75% of the company’s stock.

In related news, CFO David W. Gibbs sold 6,410 shares of Yum! Brands stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $89.93, for a total transaction of $576,451.30. Following the completion of the transaction, the chief financial officer now directly owns 47,689 shares of the company’s stock, valued at approximately $4,288,671.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony Lowings sold 2,889 shares of Yum! Brands stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $89.93, for a total transaction of $259,807.77. Following the transaction, the chief executive officer now directly owns 36,497 shares of the company’s stock, valued at $3,282,175.21. The disclosure for this sale can be found here. Insiders have sold a total of 105,153 shares of company stock valued at $9,912,697 over the last three months. 0.63% of the stock is currently owned by insiders.

Several analysts have issued reports on YUM shares. Zacks Investment Research lowered shares of Yum! Brands from a “buy” rating to a “hold” rating in a research report on Thursday, November 22nd. Cowen reaffirmed a “buy” rating and set a $100.00 price objective on shares of Yum! Brands in a report on Sunday, December 2nd. Goldman Sachs Group downgraded shares of Yum! Brands from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $83.00 to $76.00 in a report on Friday, January 11th. Finally, BMO Capital Markets raised their price objective on shares of Yum! Brands to $100.00 and gave the stock a “market perform” rating in a report on Friday, February 8th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $93.50.

NYSE:YUM opened at $99.24 on Wednesday. The stock has a market cap of $30.71 billion, a PE ratio of 31.31, a price-to-earnings-growth ratio of 2.07 and a beta of 0.55. Yum! Brands, Inc. has a 52 week low of $77.09 and a 52 week high of $101.39.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Thursday, February 7th. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.57). Yum! Brands had a net margin of 27.11% and a negative return on equity of 14.19%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the prior year, the business earned $0.96 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, research analysts anticipate that Yum! Brands, Inc. will post 3.8 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Thursday, February 14th were issued a dividend of $0.42 per share. This is an increase from Yum! Brands’s previous quarterly dividend of $0.36. This represents a $1.68 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Wednesday, February 13th. Yum! Brands’s dividend payout ratio (DPR) is currently 53.00%.

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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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