Corient Private Wealth LLC Sells 14,438 Shares of Yum! Brands, Inc. $YUM

Corient Private Wealth LLC reduced its stake in Yum! Brands, Inc. (NYSE:YUM) by 7.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 176,844 shares of the restaurant operator’s stock after selling 14,438 shares during the period. Corient Private Wealth LLC owned 0.06% of Yum! Brands worth $26,205,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Yum! Brands in the 2nd quarter valued at about $602,551,000. Invesco Ltd. grew its stake in Yum! Brands by 34.3% in the second quarter. Invesco Ltd. now owns 2,789,728 shares of the restaurant operator’s stock valued at $413,382,000 after acquiring an additional 713,167 shares during the period. Amundi grew its stake in Yum! Brands by 115.8% in the second quarter. Amundi now owns 1,311,849 shares of the restaurant operator’s stock valued at $197,013,000 after acquiring an additional 703,891 shares during the period. Magellan Asset Management Ltd increased its holdings in shares of Yum! Brands by 35.9% during the second quarter. Magellan Asset Management Ltd now owns 2,306,932 shares of the restaurant operator’s stock valued at $341,841,000 after acquiring an additional 609,223 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Yum! Brands by 2,288.1% during the second quarter. Assenagon Asset Management S.A. now owns 502,267 shares of the restaurant operator’s stock worth $74,426,000 after purchasing an additional 481,235 shares during the period. Institutional investors own 82.37% of the company’s stock.

Yum! Brands Stock Performance

Yum! Brands stock opened at $153.23 on Thursday. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $163.30. The firm’s 50-day simple moving average is $147.11 and its 200 day simple moving average is $146.75. The stock has a market cap of $42.54 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 2.35 and a beta of 0.67.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $1.58 EPS for the quarter, beating the consensus estimate of $1.46 by $0.12. Yum! Brands had a net margin of 17.95% and a negative return on equity of 21.79%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the business posted $1.37 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, analysts predict that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Yum! Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Tuesday, December 2nd were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Tuesday, December 2nd. Yum! Brands’s dividend payout ratio (DPR) is 55.36%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on YUM. Cowen reiterated a “hold” rating on shares of Yum! Brands in a report on Wednesday, November 5th. Royal Bank Of Canada started coverage on shares of Yum! Brands in a report on Wednesday, October 8th. They set a “sector perform” rating and a $165.00 price objective on the stock. Evercore ISI upgraded shares of Yum! Brands from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $165.00 to $180.00 in a report on Wednesday, November 5th. Guggenheim decreased their target price on shares of Yum! Brands from $167.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday, October 28th. Finally, Stifel Nicolaus set a $160.00 target price on shares of Yum! Brands in a report on Monday, November 17th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, Yum! Brands has an average rating of “Moderate Buy” and an average target price of $167.38.

Insiders Place Their Bets

In other Yum! Brands news, insider Erika Burkhardt sold 1,269 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $149.37, for a total value of $189,550.53. Following the completion of the transaction, the insider owned 64 shares in the company, valued at $9,559.68. This represents a 95.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott Mezvinsky sold 1,755 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $148.81, for a total value of $261,161.55. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,970 shares of company stock worth $4,624,805 in the last ninety days. Company insiders own 0.33% of the company’s stock.

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.