Private Trust Co. NA Has $656,000 Stake in Yum! Brands, Inc. (NYSE:YUM)

Private Trust Co. NA cut its position in Yum! Brands, Inc. (NYSE:YUM) by 49.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,697 shares of the restaurant operator’s stock after selling 4,651 shares during the quarter. Private Trust Co. NA’s holdings in Yum! Brands were worth $656,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc grew its stake in shares of Yum! Brands by 3.4% in the second quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock valued at $419,123,000 after acquiring an additional 104,328 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Yum! Brands by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,632,862 shares of the restaurant operator’s stock worth $228,127,000 after purchasing an additional 6,537 shares during the period. Cantillon Capital Management LLC increased its holdings in shares of Yum! Brands by 3.8% during the third quarter. Cantillon Capital Management LLC now owns 1,428,040 shares of the restaurant operator’s stock worth $199,511,000 after purchasing an additional 51,690 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Yum! Brands by 6.7% in the second quarter. Dimensional Fund Advisors LP now owns 930,402 shares of the restaurant operator’s stock valued at $123,243,000 after buying an additional 58,437 shares during the period. Finally, Swiss National Bank grew its position in Yum! Brands by 0.3% during the third quarter. Swiss National Bank now owns 835,800 shares of the restaurant operator’s stock worth $116,770,000 after buying an additional 2,800 shares in the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on YUM shares. Loop Capital dropped their price objective on Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company 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. JPMorgan Chase & Co. raised their target price on shares of Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a report on Monday, September 16th. 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 report on Wednesday, August 7th. Finally, Redburn Atlantic cut shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $145.94.

Insiders Place Their Bets

In other news, CEO David W. Gibbs sold 7,059 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $135.94, for a total transaction of $959,600.46. Following the completion of the sale, the chief executive officer now directly owns 149,385 shares in the company, valued at $20,307,396.90. This represents a 4.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders sold 21,069 shares of company stock worth $2,842,965. 0.31% of the stock is currently owned by insiders.

Yum! Brands Stock Performance

YUM stock opened at $138.63 on Wednesday. The company has a market capitalization of $38.69 billion, a P/E ratio of 25.91, a PEG ratio of 2.31 and a beta of 1.10. The company has a fifty day moving average price of $134.63 and a 200-day moving average price of $134.47. Yum! Brands, Inc. has a 52-week low of $123.70 and a 52-week high of $143.20.

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

Yum! Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Monday, December 2nd. Yum! Brands’s dividend payout ratio is presently 50.09%.

Yum! Brands Company Profile

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.