Pictet Asset Management Ltd. reduced its position in Yum! Brands, Inc. (NYSE:YUM) by 2.9% during the second quarter, Holdings Channel reports. The firm owned 252,175 shares of the restaurant operator’s stock after selling 7,400 shares during the period. Pictet Asset Management Ltd.’s holdings in Yum! Brands were worth $18,318,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. TD Asset Management Inc. boosted its position in shares of Yum! Brands by 2.3% in the second quarter. TD Asset Management Inc. now owns 621,394 shares of the restaurant operator’s stock worth $45,834,000 after buying an additional 14,230 shares during the period. IFP Advisors Inc boosted its position in shares of Yum! Brands by 9.3% in the second quarter. IFP Advisors Inc now owns 17,030 shares of the restaurant operator’s stock worth $1,256,000 after buying an additional 1,448 shares during the period. Korea Investment CORP boosted its position in shares of Yum! Brands by 24.7% in the second quarter. Korea Investment CORP now owns 121,355 shares of the restaurant operator’s stock worth $8,951,000 after buying an additional 24,034 shares during the period. Stratos Wealth Partners LTD. boosted its position in shares of Yum! Brands by 0.5% in the second quarter. Stratos Wealth Partners LTD. now owns 6,719 shares of the restaurant operator’s stock worth $496,000 after buying an additional 31 shares during the period. Finally, YHB Investment Advisors Inc. boosted its position in shares of Yum! Brands by 1.2% in the second quarter. YHB Investment Advisors Inc. now owns 36,903 shares of the restaurant operator’s stock worth $2,722,000 after buying an additional 421 shares during the period. 73.75% of the stock is currently owned by institutional investors and hedge funds.

Shares of Yum! Brands, Inc. (NYSE:YUM) opened at 75.56 on Friday. The company’s 50-day moving average price is $74.41 and its 200-day moving average price is $69.15. Yum! Brands, Inc. has a 52-week low of $59.57 and a 52-week high of $76.62. The stock has a market cap of $26.07 billion, a PE ratio of 20.06 and a beta of 0.82.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.07. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. On average, equities research analysts forecast that Yum! Brands, Inc. will post $2.82 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 4th. Shareholders of record on Friday, July 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.59%. Yum! Brands’s dividend payout ratio is currently 33.15%.

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A number of equities analysts have commented on the company. BMO Capital Markets reaffirmed a “market perform” rating and issued a $77.00 price target (up from $66.00) on shares of Yum! Brands in a research note on Wednesday. Zacks Investment Research cut Yum! Brands from a “buy” rating to a “hold” rating in a research note on Wednesday. Barclays PLC reaffirmed an “equal weight” rating and issued a $74.00 price target (up from $72.00) on shares of Yum! Brands in a research note on Friday, August 4th. UBS AG lifted their price objective on Yum! Brands from $76.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $83.00 price objective on shares of Yum! Brands in a research report on Friday, August 4th. Fifteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $78.64.

In other Yum! Brands news, CFO David W. Gibbs sold 8,336 shares of Yum! Brands stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total transaction of $616,864.00. Following the completion of the sale, the chief financial officer now owns 39,664 shares of the company’s stock, valued at approximately $2,935,136. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian R. Niccol sold 1,487 shares of Yum! Brands stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $73.82, for a total value of $109,770.34. Following the sale, the chief executive officer now directly owns 6,719 shares of the company’s stock, valued at approximately $495,996.58. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,294 shares of company stock valued at $833,488. 7.38% of the stock is currently owned by 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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