Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Carmichael Hill & Associates Inc.

Carmichael Hill & Associates Inc. trimmed its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 14.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,078 shares of the restaurant operator’s stock after selling 539 shares during the quarter. Carmichael Hill & Associates Inc.’s holdings in Yum! Brands were worth $430,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Pure Financial Advisors LLC boosted its position in shares of Yum! Brands by 25.8% in the 3rd quarter. Pure Financial Advisors LLC now owns 4,403 shares of the restaurant operator’s stock worth $615,000 after buying an additional 903 shares in the last quarter. Key Financial Inc lifted its holdings in shares of Yum! Brands by 68.3% in the third quarter. Key Financial Inc now owns 6,327 shares of the restaurant operator’s stock valued at $884,000 after purchasing an additional 2,567 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Yum! Brands by 17.9% in the third quarter. Farther Finance Advisors LLC now owns 2,323 shares of the restaurant operator’s stock valued at $325,000 after purchasing an additional 353 shares during the last quarter. Capital Advisors Inc. OK increased its stake in shares of Yum! Brands by 6.4% during the 3rd quarter. Capital Advisors Inc. OK now owns 20,662 shares of the restaurant operator’s stock worth $2,887,000 after purchasing an additional 1,244 shares in the last quarter. Finally, Shepherd Financial Partners LLC acquired a new position in shares of Yum! Brands during the 3rd quarter worth approximately $206,000. Institutional investors and hedge funds own 82.37% of the company’s stock.

Insider Activity at Yum! Brands

In related news, CEO David W. Gibbs sold 7,069 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $137.92, for a total value of $974,956.48. Following the completion of the sale, the chief executive officer now directly owns 159,132 shares in the company, valued at approximately $21,947,485.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO David W. Gibbs sold 7,069 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $137.92, for a total transaction of $974,956.48. Following the transaction, the chief executive officer now directly owns 159,132 shares of the company’s stock, valued at approximately $21,947,485.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Weir Mirian M. Graddick sold 1,309 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $137.40, for a total transaction of $179,856.60. Following the completion of the sale, the director now directly owns 1,233 shares of the company’s stock, valued at $169,414.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,673 shares of company stock worth $13,918,095. 0.31% of the stock is currently owned by corporate insiders.

Yum! Brands Trading Up 0.9 %

Shares of Yum! Brands stock opened at $132.34 on Friday. The stock has a market capitalization of $37.21 billion, a P/E ratio of 24.24, a PEG ratio of 2.06 and a beta of 1.10. The business’s fifty day moving average price is $134.30 and its 200 day moving average price is $134.89. Yum! Brands, Inc. has a twelve month low of $122.79 and a twelve month high of $143.20.

Yum! Brands (NYSE:YUM) last issued its earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.02. Yum! Brands had a negative return on equity of 18.90% and a net margin of 21.96%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the business earned $1.41 EPS. As a group, sell-side analysts predict that Yum! Brands, Inc. will post 5.59 EPS for the current year.

Yum! Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum! Brands’s dividend payout ratio is presently 49.08%.

Analyst Ratings Changes

Several equities analysts have weighed in on YUM shares. Stifel Nicolaus dropped their price target on Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Bank of America cut their target price on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Robert W. Baird raised their price target on shares of Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price objective on shares of Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, Evercore ISI lowered shares of Yum! Brands from an “outperform” rating to an “inline” rating and decreased their target price for the stock from $160.00 to $145.00 in a research report on Tuesday, July 16th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $146.44.

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.