World Investment Advisors LLC Sells 16,119 Shares of Yum! Brands, Inc. (NYSE:YUM)

World Investment Advisors LLC cut its stake in Yum! Brands, Inc. (NYSE:YUM) by 85.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,775 shares of the restaurant operator’s stock after selling 16,119 shares during the period. World Investment Advisors LLC’s holdings in Yum! Brands were worth $388,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Deseret Mutual Benefit Administrators boosted its holdings in Yum! Brands by 3.9% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 2,049 shares of the restaurant operator’s stock valued at $271,000 after purchasing an additional 76 shares during the period. Legacy Financial Advisors Inc. boosted its holdings in Yum! Brands by 2.2% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 3,460 shares of the restaurant operator’s stock valued at $458,000 after purchasing an additional 76 shares during the period. Diversified Trust Co boosted its holdings in Yum! Brands by 2.4% in the 3rd quarter. Diversified Trust Co now owns 3,321 shares of the restaurant operator’s stock valued at $464,000 after purchasing an additional 79 shares during the period. Meeder Asset Management Inc. boosted its holdings in Yum! Brands by 43.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 82 shares during the period. Finally, Stephens Consulting LLC boosted its holdings in Yum! Brands by 17.4% in the 2nd quarter. Stephens Consulting LLC now owns 587 shares of the restaurant operator’s stock valued at $78,000 after purchasing an additional 87 shares during the period. 82.37% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $134.43, for a total value of $941,682.15. Following the completion of the transaction, the chief executive officer now directly owns 152,634 shares of the company’s stock, valued at approximately $20,518,588.62. The trade was a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 17,879 shares of company stock valued at $2,424,167. Insiders own 0.31% of the company’s stock.

Yum! Brands Trading Down 0.2 %

Shares of NYSE YUM opened at $134.73 on Wednesday. Yum! Brands, Inc. has a 1-year low of $124.76 and a 1-year high of $143.20. The company has a market cap of $37.60 billion, a PE ratio of 25.18, a P/E/G ratio of 2.37 and a beta of 1.10. The company has a 50-day moving average of $135.43 and a two-hundred day moving average of $134.47.

Yum! Brands (NYSE:YUM) last announced its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the prior year, the firm posted $1.44 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts forecast that Yum! Brands, Inc. will post 5.47 earnings per share for the current year.

Yum! Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date was Monday, December 2nd. Yum! Brands’s dividend payout ratio is presently 50.09%.

Wall Street Analysts Forecast Growth

YUM has been the subject of a number of research reports. Bank of America reduced their price target on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. TD Cowen reaffirmed a “hold” rating and set a $145.00 price objective on shares of Yum! Brands in a report on Wednesday, November 6th. Redburn Atlantic downgraded shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $145.94.

About Yum! Brands

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.