Toroso Investments LLC Sells 3,917 Shares of Yum! Brands, Inc. (NYSE:YUM)

Toroso Investments LLC reduced its position in shares of Yum! Brands, Inc. (NYSE:YUM – Get Rating) by 13.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,476 shares of the restaurant operator’s stock after selling 3,917 shares during the period. Toroso Investments LLC’s holdings in Yum! Brands were worth $2,603,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Sugarloaf Wealth Management LLC lifted its position in shares of Yum! Brands by 396.6% during the third quarter. Sugarloaf Wealth Management LLC now owns 288 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 230 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Yum! Brands by 668.4% during the third quarter. Exchange Traded Concepts LLC now owns 292 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 254 shares in the last quarter. TD Capital Management LLC bought a new position in shares of Yum! Brands during the third quarter valued at about $54,000. Guardian Wealth Advisors LLC bought a new position in shares of Yum! Brands during the third quarter valued at about $55,000. Finally, Ritter Daniher Financial Advisory LLC DE bought a new position in shares of Yum! Brands during the second quarter valued at about $57,000. 77.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on YUM shares. Argus upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a report on Wednesday, November 23rd. Barclays raised their price objective on shares of Yum! Brands from $128.00 to $136.00 and gave the stock an “equal weight” rating in a report on Thursday, February 9th. Morgan Stanley raised their price objective on shares of Yum! Brands from $140.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, January 18th. Cowen restated an “outperform” rating and set a $155.00 price objective on shares of Yum! Brands in a report on Wednesday, February 8th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Yum! Brands from $137.00 to $143.00 and gave the stock a “buy” rating in a report on Monday, February 13th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Yum! Brands presently has an average rating of “Moderate Buy” and an average target price of $145.81.

Yum! Brands Trading Up 0.7 %

YUM stock opened at $128.06 on Friday. The firm has a 50 day moving average of $128.86 and a 200-day moving average of $122.60. Yum! Brands, Inc. has a 12 month low of $103.96 and a 12 month high of $133.77. The firm has a market capitalization of $35.87 billion, a P/E ratio of 28.08, a price-to-earnings-growth ratio of 2.18 and a beta of 0.98.

Yum! Brands (NYSE:YUM – Get Rating) last released its quarterly earnings data on Wednesday, February 8th. The restaurant operator reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. Yum! Brands had a net margin of 19.37% and a negative return on equity of 15.16%. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period last year, the business earned $1.02 earnings per share. Yum! Brands’s revenue was up 8.0% compared to the same quarter last year. Sell-side analysts predict that Yum! Brands, Inc. will post 5.11 EPS for the current year.

Yum! Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Wednesday, February 22nd were given a dividend of $0.605 per share. The ex-dividend date of this dividend was Tuesday, February 21st. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.57. This represents a $2.42 annualized dividend and a yield of 1.89%. Yum! Brands’s payout ratio is presently 53.07%.

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 4,259 shares of Yum! Brands stock in a transaction that occurred on Tuesday, December 20th. The shares were sold at an average price of $128.52, for a total transaction of $547,366.68. Following the completion of the sale, the chief executive officer now directly owns 31,715 shares in the company, valued at $4,076,011.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO David W. Gibbs sold 4,259 shares of the business’s stock in a transaction that occurred on Tuesday, December 20th. The shares were sold at an average price of $128.52, for a total value of $547,366.68. Following the completion of the sale, the chief executive officer now directly owns 31,715 shares in the company, valued at approximately $4,076,011.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Tracy L. Skeans sold 3,925 shares of the business’s stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $130.00, for a total transaction of $510,250.00. Following the completion of the sale, the chief operating officer now owns 14,393 shares of the company’s stock, valued at $1,871,090. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by company insiders.

Yum! Brands Company Profile

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Yum! Brands, Inc operates as a service restaurant company. The firm engages in the development, operation, franchise, and licenses of a system of restaurants. It operates through the following segments: KFC Division, Pizza Hut Division, Taco Bell Division, and Habit Burger Grill Division. The KFC Division segment consists of all operations of the KFC concept.