Pinnacle Financial Partners Inc Sells 242 Shares of Yum! Brands, Inc. (NYSE:YUM)

Pinnacle Financial Partners Inc decreased its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 4.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,493 shares of the restaurant operator’s stock after selling 242 shares during the period. Pinnacle Financial Partners Inc’s holdings in Yum! Brands were worth $767,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Spirepoint Private Client LLC bought a new position in shares of Yum! Brands in the 1st quarter worth approximately $204,000. Vanguard Group Inc. lifted its position in Yum! Brands by 24.0% during the first quarter. Vanguard Group Inc. now owns 29,012,969 shares of the restaurant operator’s stock valued at $4,022,648,000 after buying an additional 5,607,517 shares during the period. TIAA Trust National Association boosted its holdings in shares of Yum! Brands by 1.7% during the 1st quarter. TIAA Trust National Association now owns 10,639 shares of the restaurant operator’s stock valued at $1,475,000 after buying an additional 180 shares in the last quarter. Bahl & Gaynor Inc. purchased a new stake in shares of Yum! Brands in the 1st quarter worth about $208,000. Finally, Rockport Wealth LLC bought a new position in shares of Yum! Brands in the 1st quarter worth about $272,000. Institutional investors own 82.37% of the company’s stock.

Insider Transactions at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $134.43, for a total transaction of $941,682.15. Following the completion of the sale, the chief executive officer now directly owns 155,883 shares of the company’s stock, valued at approximately $20,955,351.69. This represents a 4.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $137.40, for a total transaction of $179,856.60. Following the completion of the transaction, the director now owns 1,233 shares in the company, valued at $169,414.20. The trade was a 51.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,319 shares of company stock worth $2,063,221 in the last quarter. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Loop Capital cut their price objective on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. TD Cowen reaffirmed a “hold” rating and set a $145.00 price objective on shares of Yum! Brands in a research report on Wednesday, November 6th. Redburn Atlantic cut Yum! Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft reduced their price target on Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Finally, Robert W. Baird upped 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. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Yum! Brands has an average rating of “Hold” and a consensus target price of $145.94.

Yum! Brands Trading Up 1.1 %

NYSE:YUM opened at $136.74 on Friday. The company has a 50 day simple moving average of $134.38 and a two-hundred day simple moving average of $134.64. The company has a market cap of $38.16 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 2.27 and a beta of 1.10. Yum! Brands, Inc. has a 12 month low of $123.70 and a 12 month high of $143.20.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.44 EPS. Research analysts forecast that Yum! Brands, Inc. will post 5.49 earnings per share for the current year.

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.