Bank of Montreal Can Has $59.86 Million Position in Yum! Brands, Inc. (NYSE:YUM)

Bank of Montreal Can lifted its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 4.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 427,778 shares of the restaurant operator’s stock after acquiring an additional 18,092 shares during the period. Bank of Montreal Can owned 0.15% of Yum! Brands worth $59,855,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Legal & General Group Plc raised its holdings in Yum! Brands by 3.4% during the second quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock worth $419,123,000 after buying an additional 104,328 shares during the last quarter. Marshall Wace LLP acquired a new position in Yum! Brands during the second quarter worth $7,645,000. Canada Pension Plan Investment Board raised its holdings in Yum! Brands by 140.1% during the second quarter. Canada Pension Plan Investment Board now owns 126,550 shares of the restaurant operator’s stock worth $16,763,000 after buying an additional 73,844 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Yum! Brands by 18.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 50,807 shares of the restaurant operator’s stock worth $6,730,000 after buying an additional 7,814 shares during the last quarter. Finally, DoubleLine ETF Adviser LP acquired a new position in Yum! Brands during the second quarter worth $984,000. Institutional investors and hedge funds own 82.37% of the company’s stock.

Yum! Brands Stock Up 0.5 %

NYSE:YUM opened at $139.33 on Thursday. The stock has a market cap of $38.88 billion, a P/E ratio of 26.04, a price-to-earnings-growth ratio of 2.34 and a beta of 1.10. The firm’s fifty day simple moving average is $134.80 and its 200 day simple moving average is $134.50. Yum! Brands, Inc. has a twelve month low of $123.70 and a twelve month high of $143.20.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.04). The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.90 billion. Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.44 EPS. On average, analysts expect that Yum! Brands, Inc. will post 5.47 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.92%. The ex-dividend date is Monday, December 2nd. Yum! Brands’s dividend payout ratio (DPR) is currently 50.09%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Bank of America reduced their target price on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. TD Cowen reiterated a “hold” rating and issued a $145.00 target price on shares of Yum! Brands in a research note on Wednesday, November 6th. Loop Capital reduced their target price on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $145.94.

Insider Activity at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $134.43, for a total transaction of $941,682.15. Following the completion of the transaction, the chief executive officer now owns 152,634 shares of the company’s stock, valued at approximately $20,518,588.62. This trade represents a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 21,069 shares of company stock worth $2,842,965 over the last quarter. Corporate insiders own 0.31% of the company’s stock.

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.