Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Rathbones Group PLC

Rathbones Group PLC decreased its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 19.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,995 shares of the restaurant operator’s stock after selling 3,362 shares during the period. Rathbones Group PLC’s holdings in Yum! Brands were worth $2,202,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Manchester Capital Management LLC increased its position in Yum! Brands by 78.0% during the 1st quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 71 shares during the period. Greykasell Wealth Strategies Inc. acquired a new position in Yum! Brands during the 1st quarter worth approximately $25,000. Wayfinding Financial LLC acquired a new position in Yum! Brands during the 1st quarter worth approximately $32,000. Itau Unibanco Holding S.A. increased its position in Yum! Brands by 436.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 279 shares of the restaurant operator’s stock worth $37,000 after purchasing an additional 227 shares during the period. Finally, Financial Gravity Asset Management Inc. acquired a new position in Yum! Brands during the 1st quarter worth approximately $38,000. Institutional investors and hedge funds own 82.37% of the company’s stock.

Insider Activity

In other news, CEO David W. Gibbs sold 7,117 shares of the business’s stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $146.60, for a total transaction of $1,043,352.20. Following the transaction, the chief executive officer owned 102,893 shares in the company, valued at approximately $15,084,113.80. The trade was a 6.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Scott Mezvinsky sold 272 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $148.28, for a total transaction of $40,332.16. Following the completion of the sale, the chief executive officer directly owned 1,755 shares in the company, valued at approximately $260,231.40. The trade was a 13.42% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,920 shares of company stock worth $1,159,603. Insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on YUM. TD Cowen decreased their price target on Yum! Brands from $158.00 to $156.00 and set a “hold” rating on the stock in a research note on Tuesday, August 5th. Guggenheim reissued a “buy” rating and set a $167.00 price target (up previously from $165.00) on shares of Yum! Brands in a research note on Monday, August 4th. Morgan Stanley decreased their price target on Yum! Brands from $153.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 6th. The Goldman Sachs Group raised Yum! Brands from a “neutral” rating to a “buy” rating and set a $167.00 price target on the stock in a research note on Wednesday, June 4th. Finally, Melius began coverage on Yum! Brands in a research note on Monday, July 14th. They set a “buy” rating and a $200.00 price target on the stock. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Yum! Brands presently has an average rating of “Hold” and an average price target of $161.23.

Yum! Brands Trading Up 1.9%

YUM stock opened at $144.76 on Thursday. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30. The company has a fifty day simple moving average of $145.40 and a 200 day simple moving average of $147.16. The firm has a market cap of $40.18 billion, a PE ratio of 28.55, a PEG ratio of 2.21 and a beta of 0.73.

Yum! Brands (NYSE:YUM) last announced its earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.02). The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.35 EPS. As a group, analysts forecast that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Yum! Brands 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.