PGGM Investments Sells 5,226 Shares of Yum! Brands, Inc. (NYSE:YUM)

PGGM Investments cut its stake in Yum! Brands, Inc. (NYSE:YUM) by 3.9% in the 4th quarter, Holdings Channel reports. The firm owned 129,388 shares of the restaurant operator’s stock after selling 5,226 shares during the period. PGGM Investments’ holdings in Yum! Brands were worth $16,906,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in YUM. Deutsche Bank AG raised its holdings in Yum! Brands by 121.8% in the 3rd quarter. Deutsche Bank AG now owns 1,819,809 shares of the restaurant operator’s stock worth $227,367,000 after purchasing an additional 999,443 shares in the last quarter. Barclays PLC raised its holdings in Yum! Brands by 79.0% in the 3rd quarter. Barclays PLC now owns 1,208,137 shares of the restaurant operator’s stock worth $150,945,000 after purchasing an additional 533,321 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in Yum! Brands by 129.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 769,543 shares of the restaurant operator’s stock worth $96,147,000 after purchasing an additional 434,284 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in Yum! Brands in the 3rd quarter worth $36,663,000. Finally, Sustainable Growth Advisers LP raised its holdings in Yum! Brands by 3.8% in the 3rd quarter. Sustainable Growth Advisers LP now owns 5,766,650 shares of the restaurant operator’s stock worth $720,485,000 after purchasing an additional 210,238 shares in the last quarter. 82.37% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP David Eric Russell sold 9,919 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $129.63, for a total value of $1,285,799.97. Following the transaction, the vice president now owns 18,661 shares in the company, valued at approximately $2,419,025.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Yum! Brands news, CEO David W. Gibbs sold 7,078 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $138.37, for a total transaction of $979,382.86. Following the sale, the chief executive officer now owns 172,128 shares in the company, valued at approximately $23,817,351.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP David Eric Russell sold 9,919 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $129.63, for a total transaction of $1,285,799.97. Following the sale, the vice president now owns 18,661 shares in the company, valued at approximately $2,419,025.43. The disclosure for this sale can be found here. Insiders have sold a total of 24,064 shares of company stock valued at $3,228,698 in the last 90 days. 0.31% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

YUM has been the subject of several research reports. Oppenheimer upgraded shares of Yum! Brands from a “market perform” rating to an “outperform” rating and set a $154.00 price objective for the company in a report on Friday, January 5th. Stifel Nicolaus reiterated a “hold” rating and issued a $135.00 price target on shares of Yum! Brands in a research note on Thursday, January 4th. Citigroup decreased their price target on shares of Yum! Brands from $166.00 to $162.00 and set a “buy” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on shares of Yum! Brands from $133.00 to $134.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. Finally, Guggenheim increased their price target on shares of Yum! Brands from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $144.75.

Yum! Brands Stock Up 0.1 %

Shares of NYSE YUM traded up $0.21 during trading on Friday, reaching $141.77. 2,008,112 shares of the company traded hands, compared to its average volume of 1,808,650. The firm has a 50 day simple moving average of $137.98 and a 200-day simple moving average of $130.85. The stock has a market capitalization of $39.91 billion, a PE ratio of 25.36, a P/E/G ratio of 2.23 and a beta of 1.10. Yum! Brands, Inc. has a 52-week low of $115.53 and a 52-week high of $143.24.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Wednesday, February 7th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.13). The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Yum! Brands had a net margin of 22.57% and a negative return on equity of 17.76%. The business’s revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.31 EPS. As a group, research analysts predict that Yum! Brands, Inc. will post 5.73 EPS for the current 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.