Sumitomo Mitsui Trust Holdings Inc. Has $70.77 Million Position in Yum! Brands, Inc. (YUM)

Sumitomo Mitsui Trust Holdings Inc. lowered its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 2.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 961,452 shares of the restaurant operator’s stock after selling 21,062 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.28% of Yum! Brands worth $70,772,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Kistler Tiffany Companies LLC grew its holdings in Yum! Brands by 0.5% during the second quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock valued at $113,000 after purchasing an additional 7 shares during the period. Bessemer Group Inc. grew its holdings in Yum! Brands by 0.3% during the second quarter. Bessemer Group Inc. now owns 5,943 shares of the restaurant operator’s stock valued at $438,000 after purchasing an additional 16 shares during the period. Stratos Wealth Partners LTD. grew its holdings in Yum! Brands by 0.5% during the second quarter. Stratos Wealth Partners LTD. now owns 6,719 shares of the restaurant operator’s stock valued at $496,000 after purchasing an additional 31 shares during the period. Heritage Trust Co grew its holdings in Yum! Brands by 1.3% during the second quarter. Heritage Trust Co now owns 3,010 shares of the restaurant operator’s stock valued at $222,000 after purchasing an additional 40 shares during the period. Finally, Peapack Gladstone Financial Corp grew its holdings in Yum! Brands by 1.1% during the second quarter. Peapack Gladstone Financial Corp now owns 6,891 shares of the restaurant operator’s stock valued at $508,000 after purchasing an additional 73 shares during the period. Hedge funds and other institutional investors own 72.53% of the company’s stock.

In other Yum! Brands news, CEO Brian R. Niccol sold 3,588 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $79.90, for a total transaction of $286,681.20. Following the sale, the chief executive officer now directly owns 15,075 shares of the company’s stock, valued at $1,204,492.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David W. Gibbs sold 4,318 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $80.56, for a total transaction of $347,858.08. Following the sale, the chief financial officer now directly owns 39,396 shares in the company, valued at $3,173,741.76. The disclosure for this sale can be found here. Corporate insiders own 7.38% of the company’s stock.

Yum! Brands, Inc. (NYSE YUM) traded up $0.06 during midday trading on Friday, reaching $78.60. 1,482,056 shares of the company’s stock traded hands, compared to its average volume of 2,236,822. The company has a debt-to-equity ratio of -1.55, a current ratio of 1.42 and a quick ratio of 1.41. Yum! Brands, Inc. has a 1 year low of $61.38 and a 1 year high of $81.65. The company has a market capitalization of $26,470.00, a price-to-earnings ratio of 28.37, a P/E/G ratio of 2.41 and a beta of 0.88.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Yum! Brands had a net margin of 18.51% and a negative return on equity of 17.19%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the firm posted $1.09 earnings per share. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. sell-side analysts expect that Yum! Brands, Inc. will post 2.81 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Tuesday, November 14th. Yum! Brands’s dividend payout ratio (DPR) is currently 70.18%.

YUM has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Tuesday, August 1st. Nomura boosted their price objective on shares of Yum! Brands from $85.00 to $89.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Stifel Nicolaus initiated coverage on shares of Yum! Brands in a report on Monday, October 2nd. They set a “buy” rating and a $88.00 price objective for the company. Royal Bank Of Canada restated an “outperform” rating and set a $83.00 price objective on shares of Yum! Brands in a report on Monday, September 11th. Finally, Barclays PLC boosted their price objective on shares of Yum! Brands from $74.00 to $78.00 and gave the company an “equal weight” rating in a report on Wednesday, October 18th. Twelve investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $80.95.

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Yum! Brands Company Profile

YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.

Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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