Candriam Luxembourg S.C.A. lowered its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 61.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,931 shares of the restaurant operator’s stock after selling 55,414 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Yum! Brands were worth $2,577,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. YorkBridge Wealth Partners LLC increased its position in shares of Yum! Brands by 49.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,557 shares of the restaurant operator’s stock valued at $103,000 after buying an additional 512 shares during the last quarter. Kistler Tiffany Companies LLC increased its position in shares of Yum! Brands by 0.5% in the second quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock valued at $113,000 after buying an additional 7 shares during the last quarter. Coconut Grove Bank increased its position in shares of Yum! Brands by 84.6% in the first quarter. Coconut Grove Bank now owns 1,855 shares of the restaurant operator’s stock valued at $119,000 after buying an additional 850 shares during the last quarter. Founders Capital Management increased its position in shares of Yum! Brands by 164.5% in the second quarter. Founders Capital Management now owns 1,640 shares of the restaurant operator’s stock valued at $121,000 after buying an additional 1,020 shares during the last quarter. Finally, Bartlett & Co. LLC increased its position in shares of Yum! Brands by 3.6% in the first quarter. Bartlett & Co. LLC now owns 1,992 shares of the restaurant operator’s stock valued at $127,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 73.75% of the company’s stock.

Yum! Brands, Inc. (NYSE YUM) opened at 75.07 on Thursday. Yum! Brands, Inc. has a 12-month low of $59.57 and a 12-month high of $91.99. The company’s 50-day moving average price is $74.35 and its 200-day moving average price is $69.02. The stock has a market cap of $26.14 billion, a PE ratio of 18.90 and a beta of 0.82.

Yum! Brands (NYSE:YUM) last posted its earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.07. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 earnings per share. On average, equities analysts expect that Yum! Brands, Inc. will post $2.81 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 4th. Shareholders of record on Friday, July 14th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, July 12th. This represents a $1.20 annualized dividend and a yield of 1.60%. Yum! Brands’s dividend payout ratio (DPR) is 33.15%.

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Several brokerages have recently weighed in on YUM. Zacks Investment Research downgraded Yum! Brands from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $78.00 price objective (up from $75.00) on shares of Yum! Brands in a research report on Tuesday, May 30th. BMO Capital Markets began coverage on Yum! Brands in a research report on Friday, April 21st. They set a “market perform” rating and a $66.00 price objective on the stock. BidaskClub raised Yum! Brands from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 24th. Finally, Mizuho began coverage on Yum! Brands in a research report on Thursday, June 8th. They set a “neutral” rating and a $74.00 price objective on the stock. Fifteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $78.64.

In other news, CEO Brian R. Niccol sold 1,471 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $72.64, for a total transaction of $106,853.44. Following the completion of the transaction, the chief executive officer now directly owns 6,712 shares in the company, valued at $487,559.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Brian R. Niccol sold 1,487 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $73.82, for a total value of $109,770.34. Following the transaction, the chief executive officer now owns 6,719 shares of the company’s stock, valued at $495,996.58. The disclosure for this sale can be found here. 0.65% of the stock is owned by company insiders.

Yum! Brands Company Profile

YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.

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

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