International Assets Investment Management LLC Purchases 140,461 Shares of Yum! Brands, Inc. (NYSE:YUM)

International Assets Investment Management LLC raised its position in Yum! Brands, Inc. (NYSE:YUM) by 11,541.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 141,678 shares of the restaurant operator’s stock after acquiring an additional 140,461 shares during the quarter. International Assets Investment Management LLC’s holdings in Yum! Brands were worth $18,512,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sustainable Growth Advisers LP lifted its stake in shares of 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 during the period. Northern Trust Corp boosted its stake in shares of Yum! Brands by 3.9% during the 3rd quarter. Northern Trust Corp now owns 3,278,341 shares of the restaurant operator’s stock worth $409,596,000 after acquiring an additional 124,080 shares during the last quarter. Deutsche Bank AG grew its position in shares of Yum! Brands by 121.8% during the 3rd quarter. Deutsche Bank AG now owns 1,819,809 shares of the restaurant operator’s stock valued at $227,367,000 after acquiring an additional 999,443 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Yum! Brands by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,521,511 shares of the restaurant operator’s stock worth $190,098,000 after purchasing an additional 12,654 shares in the last quarter. Finally, 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 during the period. 82.37% of the stock is owned by hedge funds and other institutional investors.

Yum! Brands Trading Down 0.5 %

Shares of Yum! Brands stock opened at $134.34 on Friday. The firm has a market cap of $37.82 billion, a PE ratio of 23.82, a PEG ratio of 2.13 and a beta of 1.07. The stock has a 50 day moving average of $138.17 and a 200 day moving average of $131.53. Yum! Brands, Inc. has a 12 month low of $115.53 and a 12 month high of $143.20.

Yum! Brands (NYSE:YUM) last posted its earnings results on Wednesday, May 1st. The restaurant operator reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.05). Yum! Brands had a net margin of 22.92% and a negative return on equity of 18.64%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the company posted $1.06 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. As a group, equities research analysts forecast that Yum! Brands, Inc. will post 5.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO David W. Gibbs sold 7,067 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $136.34, for a total transaction of $963,514.78. Following the sale, the chief executive officer now directly owns 175,377 shares in the company, valued at approximately $23,910,900.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO David W. Gibbs sold 7,067 shares of Yum! Brands stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $136.34, for a total value of $963,514.78. Following the completion of the transaction, the chief executive officer now owns 175,377 shares in the company, valued at $23,910,900.18. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David W. Gibbs sold 7,078 shares of the company’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 value of $979,382.86. Following the sale, the chief executive officer now owns 172,128 shares in the company, valued at $23,817,351.36. The disclosure for this sale can be found here. Insiders sold 24,064 shares of company stock valued at $3,228,698 in the last three months. Corporate insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

YUM has been the subject of a number of analyst reports. TD Cowen restated a “buy” rating and issued a $160.00 price target on shares of Yum! Brands in a research report on Wednesday. Wells Fargo & Company cut shares of Yum! Brands from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $150.00 to $135.00 in a research note on Thursday, January 11th. Guggenheim upped their price target on shares of Yum! Brands from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. JPMorgan Chase & Co. lowered their target price on shares of Yum! Brands from $134.00 to $132.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Royal Bank of Canada dropped their target price on shares of Yum! Brands from $145.00 to $141.00 and set a “sector perform” rating for the company in a report on Friday, February 9th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $143.53.

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.