Tredje AP fonden cut its holdings in Yum! Brands, Inc. (NYSE:YUM) by 50.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,536 shares of the restaurant operator’s stock after selling 18,955 shares during the quarter. Tredje AP fonden’s holdings in Yum! Brands were worth $1,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Magellan Asset Management Ltd grew its stake in shares of Yum! Brands by 28.1% in the fourth quarter. Magellan Asset Management Ltd now owns 20,434,152 shares of the restaurant operator’s stock worth $2,058,332,000 after purchasing an additional 4,480,897 shares during the last quarter. Loomis Sayles & Co. L P grew its position in Yum! Brands by 4.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 7,519,848 shares of the restaurant operator’s stock valued at $757,474,000 after acquiring an additional 289,290 shares in the last quarter. Sustainable Growth Advisers LP grew its position in Yum! Brands by 1.9% in the first quarter. Sustainable Growth Advisers LP now owns 5,436,618 shares of the restaurant operator’s stock valued at $372,572,000 after acquiring an additional 103,849 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in Yum! Brands by 11.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 4,478,770 shares of the restaurant operator’s stock valued at $451,146,000 after acquiring an additional 445,041 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Yum! Brands by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 4,434,829 shares of the restaurant operator’s stock valued at $446,064,000 after acquiring an additional 79,383 shares in the last quarter. 75.00% of the stock is currently owned by institutional investors.

YUM traded down $1.06 on Friday, hitting $84.94. The company had a trading volume of 19,843 shares, compared to its average volume of 3,063,138. Yum! Brands, Inc. has a 1-year low of $54.95 and a 1-year high of $119.72. The stock has a market cap of $25.55 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 2.51 and a beta of 0.95. The company’s fifty day moving average price is $89.26 and its 200 day moving average price is $91.16.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. Yum! Brands had a negative return on equity of 12.97% and a net margin of 19.89%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 earnings per share. Analysts expect that Yum! Brands, Inc. will post 2.8 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend was Thursday, May 28th. Yum! Brands’s dividend payout ratio is presently 52.96%.

A number of analysts have recently weighed in on YUM shares. BMO Capital Markets raised their price target on shares of Yum! Brands from $93.00 to $95.00 and gave the stock a “market perform” rating in a research report on Thursday, April 30th. Credit Suisse Group raised their price target on shares of Yum! Brands from $84.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Wolfe Research began coverage on shares of Yum! Brands in a research report on Friday, April 17th. They set a “market perform” rating for the company. CSFB lifted their price objective on shares of Yum! Brands from $79.00 to $84.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Yum! Brands in a report on Wednesday, April 1st. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $100.95.

In other Yum! Brands news, CEO David W. Gibbs sold 5,424 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $84.39, for a total value of $457,731.36. Following the sale, the chief executive officer now directly owns 80,335 shares in the company, valued at $6,779,470.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David W. Gibbs sold 2,318 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $91.28, for a total value of $211,587.04. Following the completion of the sale, the chief executive officer now owns 76,048 shares in the company, valued at $6,941,661.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,479 shares of company stock worth $977,223. 0.72% of the stock is currently owned by company insiders.

Yum! Brands Profile

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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