Seeyond lowered its holdings in Yum! Brands, Inc. (NYSE:YUM) by 29.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 15,485 shares of the restaurant operator’s stock after selling 6,387 shares during the quarter. Seeyond’s holdings in Yum! Brands were worth $1,714,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Liberty Wealth Management LLC boosted its holdings in shares of Yum! Brands by 302.1% in the 2nd quarter. Liberty Wealth Management LLC now owns 386 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 290 shares in the last quarter. Certified Advisory Corp purchased a new stake in Yum! Brands in the second quarter valued at $44,000. TRUE Private Wealth Advisors purchased a new stake in Yum! Brands in the second quarter valued at $54,000. Advisory Alpha LLC acquired a new position in Yum! Brands in the first quarter valued at $50,000. Finally, Bremer Bank National Association acquired a new position in Yum! Brands in the first quarter valued at $52,000. Institutional investors and hedge funds own 75.27% of the company’s stock.

YUM stock traded down $1.04 during trading on Wednesday, hitting $114.23. The company had a trading volume of 74,096 shares, compared to its average volume of 1,231,686. The firm has a 50-day moving average price of $116.29 and a 200-day moving average price of $106.63. The firm has a market cap of $35.17 billion, a PE ratio of 36.05, a price-to-earnings-growth ratio of 2.49 and a beta of 0.51. Yum! Brands, Inc. has a 1-year low of $84.53 and a 1-year high of $119.72.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. Yum! Brands had a negative return on equity of 13.02% and a net margin of 24.29%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the firm earned $0.82 EPS. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. As a group, research analysts forecast that Yum! Brands, Inc. will post 3.87 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 19th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Friday, August 16th. Yum! Brands’s dividend payout ratio (DPR) is presently 53.00%.

In related news, VP David Eric Russell sold 5,801 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $115.33, for a total transaction of $669,029.33. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Scott Catlett sold 1,015 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $116.63, for a total value of $118,379.45. Following the transaction, the general counsel now directly owns 5,376 shares in the company, valued at approximately $627,002.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,996 shares of company stock valued at $3,317,091. Corporate insiders own 0.67% of the company’s stock.

A number of research firms have recently commented on YUM. Morgan Stanley lifted their target price on Yum! Brands from $106.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Credit Suisse Group assumed coverage on Yum! Brands in a research report on Tuesday, June 25th. They issued a “neutral” rating and a $106.00 target price for the company. MKM Partners assumed coverage on Yum! Brands in a research note on Tuesday, August 13th. They set a “neutral” rating and a $125.00 price target on the stock. Evercore ISI reaffirmed a “buy” rating and set a $130.00 price target on shares of Yum! Brands in a research report on Tuesday, August 13th. Finally, Citigroup set a $138.00 price objective on Yum! Brands and gave the company a “hold” rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $110.65.

About Yum! Brands

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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

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