Swiss National Bank lessened its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 0.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,308,796 shares of the restaurant operator’s stock after selling 4,500 shares during the quarter. Swiss National Bank owned about 379,614.24% of Yum! Brands worth $96,340,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in Yum! Brands by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 22,604,873 shares of the restaurant operator’s stock valued at $1,667,335,000 after purchasing an additional 711,910 shares during the period. Magellan Asset Management Ltd raised its stake in Yum! Brands by 2.0% during the 2nd quarter. Magellan Asset Management Ltd now owns 15,446,852 shares of the restaurant operator’s stock valued at $1,139,360,000 after purchasing an additional 308,387 shares during the period. FMR LLC raised its stake in Yum! Brands by 9.2% during the 2nd quarter. FMR LLC now owns 3,011,009 shares of the restaurant operator’s stock valued at $222,092,000 after purchasing an additional 254,573 shares during the period. Ameriprise Financial Inc. raised its stake in Yum! Brands by 5.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,405,149 shares of the restaurant operator’s stock valued at $177,414,000 after purchasing an additional 133,158 shares during the period. Finally, Coronation Fund Managers Ltd. raised its stake in Yum! Brands by 8.5% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 2,169,235 shares of the restaurant operator’s stock valued at $160,003,000 after purchasing an additional 170,386 shares during the period. 72.15% of the stock is currently owned by institutional investors.

In related news, CEO Brian R. Niccol sold 3,588 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $79.90, for a total transaction of $286,681.20. Following the completion of the transaction, the chief executive officer now owns 15,075 shares in the company, valued at approximately $1,204,492.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David W. Gibbs sold 4,318 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $80.56, for a total value of $347,858.08. Following the transaction, the chief financial officer now owns 39,396 shares of the company’s stock, valued at approximately $3,173,741.76. The disclosure for this sale can be found here. 7.38% of the stock is owned by insiders.

Yum! Brands, Inc. (NYSE:YUM) opened at $79.59 on Friday. Yum! Brands, Inc. has a 1-year low of $60.34 and a 1-year high of $81.65. The company has a current ratio of 1.42, a quick ratio of 1.41 and a debt-to-equity ratio of -1.55. The stock has a market capitalization of $26,801.11, a price-to-earnings ratio of 28.40, a P/E/G ratio of 2.41 and a beta of 0.86.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. Yum! Brands had a negative return on equity of 17.19% and a net margin of 18.51%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the business earned $1.09 EPS. Yum! Brands’s revenue was down 5.4% compared to the same quarter last year. equities analysts expect that Yum! Brands, Inc. will post 2.81 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Tuesday, November 14th. Yum! Brands’s payout ratio is currently 37.04%.

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Several analysts recently issued reports on YUM shares. Robert W. Baird reissued a “hold” rating and set a $78.00 target price on shares of Yum! Brands in a research note on Friday, September 8th. Zacks Investment Research raised Yum! Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. CIBC lifted their target price on Yum! Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, September 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $83.00 target price on shares of Yum! Brands in a research note on Monday, September 11th. Finally, Oppenheimer Holdings, Inc. lifted their target price on Yum! Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, September 8th. Twelve investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Yum! Brands has an average rating of “Buy” and a consensus target price of $80.95.

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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