1,500 Shares in Yum! Brands, Inc. (NYSE:YUM) Bought by Pinnacle West Asset Management Inc.

Pinnacle West Asset Management Inc. bought a new position in Yum! Brands, Inc. (NYSE:YUM) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,500 shares of the restaurant operator’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norden Group LLC purchased a new position in Yum! Brands in the 1st quarter worth $3,415,000. Legal & General Group Plc raised its stake in Yum! Brands by 3.4% in the 2nd quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock worth $419,123,000 after acquiring an additional 104,328 shares during the last quarter. Marshall Wace LLP purchased a new position in Yum! Brands in the 2nd quarter worth $7,645,000. Canada Pension Plan Investment Board raised its stake in Yum! Brands by 140.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 126,550 shares of the restaurant operator’s stock worth $16,763,000 after acquiring an additional 73,844 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in Yum! Brands by 1.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 333,131 shares of the restaurant operator’s stock worth $44,000,000 after acquiring an additional 5,137 shares during the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Yum! Brands Price Performance

YUM stock traded down $0.62 during trading on Thursday, hitting $133.40. The stock had a trading volume of 282,943 shares, compared to its average volume of 1,936,912. Yum! Brands, Inc. has a twelve month low of $118.28 and a twelve month high of $143.20. The stock has a market capitalization of $37.51 billion, a P/E ratio of 24.55, a PEG ratio of 2.07 and a beta of 1.08. The company’s 50-day moving average price is $134.84 and its two-hundred day moving average price is $135.10.

Yum! Brands (NYSE:YUM) last posted its earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.02. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the firm earned $1.41 EPS. As a group, sell-side analysts expect that Yum! Brands, Inc. will post 5.6 EPS for the current fiscal year.

Yum! Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were paid a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $2.68 annualized dividend and a dividend yield of 2.01%. Yum! Brands’s dividend payout ratio (DPR) is 49.08%.

Wall Street Analyst Weigh In

YUM has been the topic of several analyst reports. Bank of America cut their price target on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a research report on Tuesday. Morgan Stanley cut their price target on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. TD Cowen downgraded Yum! Brands from a “buy” rating to a “hold” rating and cut their price target for the stock from $156.00 to $145.00 in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft increased their price target on Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Finally, Stifel Nicolaus cut their price target on Yum! Brands from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $146.44.

Insiders Place Their Bets

In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $134.43, for a total value of $941,682.15. Following the completion of the transaction, the chief executive officer now owns 152,634 shares in the company, valued at $20,518,588.62. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Sabir Sami sold 71,051 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $137.16, for a total transaction of $9,745,355.16. Following the completion of the transaction, the chief executive officer now owns 68 shares in the company, valued at approximately $9,326.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David W. Gibbs sold 7,005 shares of the business’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 transaction, the chief executive officer now owns 152,634 shares of the company’s stock, valued at approximately $20,518,588.62. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,673 shares of company stock worth $13,918,095 over the last 90 days. Corporate insiders own 0.31% of the company’s stock.

Yum! Brands 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.