Chesapeake Capital Corp IL Cuts Holdings in Yum! Brands, Inc. (NYSE:YUM)

Chesapeake Capital Corp IL trimmed its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 5.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,417 shares of the restaurant operator’s stock after selling 333 shares during the period. Chesapeake Capital Corp IL’s holdings in Yum! Brands were worth $757,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Crewe Advisors LLC purchased a new position in shares of Yum! Brands in the 1st quarter worth $28,000. DiNuzzo Private Wealth Inc. boosted its stake in shares of Yum! Brands by 957.1% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock worth $31,000 after buying an additional 201 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Yum! Brands by 43.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after buying an additional 82 shares during the last quarter. Kimelman & Baird LLC purchased a new position in shares of Yum! Brands in the 2nd quarter worth $37,000. Finally, Iron Horse Wealth Management LLC boosted its stake in shares of Yum! Brands by 3,088.9% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 287 shares of the restaurant operator’s stock worth $38,000 after buying an additional 278 shares during the last quarter. 82.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Yum! Brands

In other news, CEO David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $134.43, for a total value of $941,682.15. Following the sale, the chief executive officer now directly owns 152,634 shares of the company’s stock, valued at approximately $20,518,588.62. The trade was a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Weir Mirian M. Graddick sold 1,309 shares of Yum! Brands stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $137.40, for a total value of $179,856.60. Following the completion of the sale, the director now directly owns 1,233 shares in the company, valued at $169,414.20. This trade represents a 51.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,319 shares of company stock valued at $2,063,221. 0.31% of the stock is currently owned by insiders.

Yum! Brands Stock Down 2.3 %

NYSE:YUM opened at $133.59 on Friday. The business’s 50-day simple moving average is $134.42 and its two-hundred day simple moving average is $134.54. The stock has a market cap of $37.28 billion, a PE ratio of 24.97, a P/E/G ratio of 2.25 and a beta of 1.10. Yum! Brands, Inc. has a 52 week low of $123.70 and a 52 week high of $143.20.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results 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 business had revenue of $1.83 billion for 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%. Yum! Brands’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.44 earnings per share. Sell-side analysts anticipate that Yum! Brands, Inc. will post 5.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on YUM shares. TD Cowen restated a “hold” rating and issued a $145.00 price target on shares of Yum! Brands in a research note on Wednesday, November 6th. JPMorgan Chase & Co. raised their price target on Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Bank of America dropped their price target on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Loop Capital lowered their target price on Yum! Brands from $143.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Finally, Robert W. Baird lifted their target price on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Yum! Brands currently has an average rating of “Hold” and a consensus target price of $145.94.

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.