Bank of New York Mellon Corp Sells 155,977 Shares of Yum! Brands, Inc. $YUM

Bank of New York Mellon Corp trimmed its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 6.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,136,633 shares of the restaurant operator’s stock after selling 155,977 shares during the period. Bank of New York Mellon Corp owned 0.77% of Yum! Brands worth $316,606,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of YUM. Wellington Shields Capital Management LLC grew its holdings in Yum! Brands by 9.2% during the 2nd quarter. Wellington Shields Capital Management LLC now owns 7,112 shares of the restaurant operator’s stock worth $1,054,000 after acquiring an additional 600 shares during the period. Machina Capital S.A.S. lifted its stake in shares of Yum! Brands by 42.5% in the 2nd quarter. Machina Capital S.A.S. now owns 13,217 shares of the restaurant operator’s stock valued at $1,958,000 after purchasing an additional 3,941 shares during the period. Texas Bank & Trust Co boosted its position in shares of Yum! Brands by 6.2% in the 2nd quarter. Texas Bank & Trust Co now owns 1,725 shares of the restaurant operator’s stock worth $256,000 after purchasing an additional 100 shares during the last quarter. Burney Co. increased its holdings in Yum! Brands by 943.5% in the second quarter. Burney Co. now owns 80,662 shares of the restaurant operator’s stock valued at $11,953,000 after purchasing an additional 72,932 shares during the last quarter. Finally, Sigma Planning Corp increased its holdings in Yum! Brands by 5.2% in the second quarter. Sigma Planning Corp now owns 2,574 shares of the restaurant operator’s stock valued at $381,000 after purchasing an additional 127 shares during the last quarter. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Yum! Brands Stock Performance

Shares of YUM stock opened at $149.84 on Wednesday. Yum! Brands, Inc. has a 52 week low of $122.13 and a 52 week high of $163.30. The company’s 50 day moving average price is $146.33 and its two-hundred day moving average price is $146.16. The company has a market capitalization of $41.59 billion, a P/E ratio of 29.56, a price-to-earnings-growth ratio of 2.08 and a beta of 0.72.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.12. Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the company earned $1.37 earnings per share. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. Analysts forecast that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Yum! Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were paid a $0.71 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.84 annualized dividend and a dividend yield of 1.9%. Yum! Brands’s dividend payout ratio (DPR) is currently 56.02%.

Analyst Ratings Changes

A number of brokerages have issued reports on YUM. Guggenheim reduced their target price on Yum! Brands from $167.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday, October 28th. Morgan Stanley set a $165.00 price objective on shares of Yum! Brands in a research note on Tuesday, October 21st. Citigroup upped their target price on shares of Yum! Brands from $156.00 to $158.00 and gave the company a “neutral” rating in a research note on Monday, October 20th. Evercore ISI cut their target price on shares of Yum! Brands from $170.00 to $165.00 and set an “in-line” rating on the stock in a report on Wednesday, August 6th. Finally, Royal Bank Of Canada began coverage on shares of Yum! Brands in a report on Wednesday, October 8th. They issued a “sector perform” rating and a $165.00 price target for the company. Eleven research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, Yum! Brands has a consensus rating of “Hold” and an average target price of $162.82.

Insider Transactions at Yum! Brands

In other Yum! Brands news, COO Tracy L. Skeans sold 12,220 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $148.24, for a total value of $1,811,492.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Weir Mirian M. Graddick sold 2,038 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $145.30, for a total value of $296,121.40. Following the transaction, the director directly owned 1,233 shares of the company’s stock, valued at approximately $179,154.90. This trade represents a 62.31% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 28,815 shares of company stock valued at $4,267,986. 0.33% of the stock is currently owned by company insiders.

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.