Royal London Asset Management Ltd. Sells 2,243 Shares of Yum! Brands, Inc. (NYSE:YUM)

Royal London Asset Management Ltd. lessened its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 126,160 shares of the restaurant operator’s stock after selling 2,243 shares during the period. Royal London Asset Management Ltd.’s holdings in Yum! Brands were worth $13,944,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Boston Financial Mangement LLC increased its holdings in shares of Yum! Brands by 3.3% in the 2nd quarter. Boston Financial Mangement LLC now owns 3,140 shares of the restaurant operator’s stock worth $348,000 after buying an additional 100 shares during the last quarter. JNBA Financial Advisors increased its holdings in shares of Yum! Brands by 21.6% in the 2nd quarter. JNBA Financial Advisors now owns 562 shares of the restaurant operator’s stock worth $62,000 after buying an additional 100 shares during the last quarter. Glassman Wealth Services increased its holdings in shares of Yum! Brands by 21.3% in the 1st quarter. Glassman Wealth Services now owns 586 shares of the restaurant operator’s stock worth $58,000 after buying an additional 103 shares during the last quarter. Wealth Alliance Advisory Group LLC increased its holdings in shares of Yum! Brands by 2.8% in the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,967 shares of the restaurant operator’s stock worth $444,000 after buying an additional 108 shares during the last quarter. Finally, Rossmore Private Capital increased its holdings in shares of Yum! Brands by 2.5% in the 1st quarter. Rossmore Private Capital now owns 4,711 shares of the restaurant operator’s stock worth $470,000 after buying an additional 115 shares during the last quarter. 74.97% of the stock is currently owned by institutional investors and hedge funds.

YUM has been the topic of a number of research analyst reports. Tigress Financial reissued a “buy” rating on shares of Yum! Brands in a report on Friday, July 12th. JPMorgan Chase & Co. increased their price target on shares of Yum! Brands from $97.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. Robert W. Baird reissued an “outperform” rating and issued a $112.00 price target on shares of Yum! Brands in a report on Monday, April 29th. Evercore ISI reaffirmed a “buy” rating and set a $130.00 target price on shares of Yum! Brands in a report on Tuesday. Finally, Longbow Research lowered shares of Yum! Brands from a “neutral” rating to an “underperform” rating and set a $91.00 target price on the stock. in a report on Monday, July 1st. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $108.71.

YUM traded down $0.52 during trading on Wednesday, hitting $116.61. 9,017 shares of the stock traded hands, compared to its average volume of 1,634,879. The company has a market cap of $36.42 billion, a price-to-earnings ratio of 36.80, a P/E/G ratio of 2.51 and a beta of 0.53. The company has a 50-day moving average price of $113.04. Yum! Brands, Inc. has a 12-month low of $82.14 and a 12-month high of $119.72.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.06. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Yum! Brands had a net margin of 24.29% and a negative return on equity of 13.02%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 EPS. Research analysts expect that Yum! Brands, Inc. will post 3.87 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Monday, August 19th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.68 annualized dividend and a yield of 1.44%. Yum! Brands’s payout ratio is currently 53.00%.

In other Yum! Brands news, CEO Greg Creed sold 44,949 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $105.82, for a total transaction of $4,756,503.18. Following the completion of the sale, the chief executive officer now owns 158,745 shares of the company’s stock, valued at approximately $16,798,395.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO David W. Gibbs sold 1,572 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of $109.93, for a total transaction of $172,809.96. Following the sale, the chief financial officer now directly owns 43,516 shares of the company’s stock, valued at approximately $4,783,713.88. The disclosure for this sale can be found here. Insiders have sold a total of 54,147 shares of company stock valued at $5,770,207 in the last three months. 0.67% of the stock is currently owned by corporate insiders.

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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