Burns J W & Co. Inc. NY decreased its position in Yum! Brands, Inc. (NYSE:YUM) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 29,854 shares of the restaurant operator’s stock after selling 19 shares during the period. Burns J W & Co. Inc. NY’s holdings in Yum! Brands were worth $2,202,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC raised its position in Yum! Brands by 49.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,557 shares of the restaurant operator’s stock worth $103,000 after buying an additional 512 shares in the last quarter. Coconut Grove Bank increased its stake 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 worth $119,000 after buying an additional 850 shares during the last quarter. Bartlett & Co. LLC increased its stake 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 worth $127,000 after buying an additional 70 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of Yum! Brands by 5.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,031 shares of the restaurant operator’s stock worth $130,000 after buying an additional 114 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Yum! Brands by 38.2% in the first quarter. Parallel Advisors LLC now owns 2,202 shares of the restaurant operator’s stock worth $150,000 after buying an additional 609 shares during the last quarter. 73.51% of the stock is currently owned by institutional investors and hedge funds.

Yum! Brands, Inc. (NYSE:YUM) opened at 73.60 on Monday. The company has a market cap of $25.63 billion, a price-to-earnings ratio of 18.53 and a beta of 0.82. Yum! Brands, Inc. has a one year low of $59.57 and a one year high of $91.99. The company has a 50-day moving average of $72.48 and a 200-day moving average of $66.98.

Yum! Brands (NYSE:YUM) last issued its earnings results on Wednesday, May 3rd. The restaurant operator reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.05. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.38 billion. Yum! Brands had a negative return on equity of 37.63% and a net margin of 15.44%. Yum! Brands’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 earnings per share. Equities research analysts expect that Yum! Brands, Inc. will post $2.77 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 4th. Shareholders of record on Friday, July 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.63%. The ex-dividend date is Wednesday, July 12th. Yum! Brands’s dividend payout ratio is currently 31.17%.

WARNING: This piece of content was originally published by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this piece of content can be viewed at https://www.watchlistnews.com/yum-brands-inc-yum-shares-sold-by-burns-j-w-co-inc-ny/1444600.html.

YUM has been the topic of a number of analyst reports. Argus upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and increased their price objective for the stock from $69.95 to $80.00 in a research note on Tuesday, May 16th. Zacks Investment Research upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Wednesday, April 12th. Instinet reiterated a “buy” rating and set a $78.00 price objective on shares of Yum! Brands in a research note on Sunday, May 28th. BidaskClub downgraded shares of Yum! Brands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $75.00 price objective on shares of Yum! Brands in a research note on Thursday, June 15th. Fifteen equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $76.84.

In other news, CFO David W. Gibbs sold 8,125 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $68.83, for a total transaction of $559,243.75. Following the completion of the sale, the chief financial officer now owns 39,181 shares of the company’s stock, valued at $2,696,828.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Brian R. Niccol sold 1,471 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $72.64, for a total value of $106,853.44. Following the sale, the chief executive officer now directly owns 6,712 shares of the company’s stock, valued at approximately $487,559.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,083 shares of company stock valued at $775,868. 0.65% of the stock is owned by insiders.

About Yum! Brands

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.

Want to see what other hedge funds are holding YUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yum! Brands, Inc. (NYSE:YUM).

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

Receive News & Ratings for Yum! Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum! Brands Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.