Yum! Brands, Inc. $YUM Stock Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund trimmed its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 5.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 65,723 shares of the restaurant operator’s stock after selling 3,970 shares during the period. Illinois Municipal Retirement Fund’s holdings in Yum! Brands were worth $8,961,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Harrell Investment Partners LLC raised its position in Yum! Brands by 1.5% in the 2nd quarter. Harrell Investment Partners LLC now owns 4,235 shares of the restaurant operator’s stock valued at $677,000 after purchasing an additional 62 shares in the last quarter. Elevation Wealth Partners LLC boosted its stake in shares of Yum! Brands by 44.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 227 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 70 shares during the period. Bridgewater Advisors Inc. grew its position in shares of Yum! Brands by 3.5% during the first quarter. Bridgewater Advisors Inc. now owns 2,108 shares of the restaurant operator’s stock worth $311,000 after buying an additional 72 shares in the last quarter. GSG Advisors LLC grew its position in shares of Yum! Brands by 5.4% during the first quarter. GSG Advisors LLC now owns 1,511 shares of the restaurant operator’s stock worth $235,000 after buying an additional 77 shares in the last quarter. Finally, Cidel Asset Management Inc. grew its position in shares of Yum! Brands by 5.5% during the second quarter. Cidel Asset Management Inc. now owns 1,484 shares of the restaurant operator’s stock worth $237,000 after buying an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Insider Buying and Selling

In related news, COO Tracy L. Skeans sold 3,494 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $158.00, for a total value of $552,052.00. Following the completion of the transaction, the chief operating officer directly owned 3 shares of the company’s stock, valued at $474. This represents a 99.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christopher Turner sold 285 shares of the company’s stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $140.11, for a total value of $39,931.35. Following the completion of the transaction, the chief executive officer directly owned 63,225 shares of the company’s stock, valued at $8,858,454.75. This trade represents a 0.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 4,288 shares of company stock worth $666,149 over the last 90 days. 0.14% of the stock is owned by insiders.

Yum! Brands Price Performance

Shares of NYSE YUM opened at $159.34 on Friday. The company has a market capitalization of $42.75 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 2.63 and a beta of 0.53. The business has a 50-day moving average of $147.52 and a two-hundred day moving average of $153.71. Yum! Brands, Inc. has a 1 year low of $134.26 and a 1 year high of $170.14.

Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Tuesday, November 3rd. The restaurant operator reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.05. Yum! Brands had a negative return on equity of 25.54% and a net margin of 39.14%. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the prior year, the firm posted $1.58 EPS. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, equities research analysts expect that Yum! Brands, Inc. will post 6.41 earnings per share for the current year.

Yum! Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Wednesday, September 9th were paid a dividend of $0.75 per share. The ex-dividend date was Wednesday, September 9th. This represents a $3.00 annualized dividend and a yield of 1.9%. Yum! Brands’s payout ratio is presently 24.08%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Argus lowered shares of Yum! Brands from a “buy” rating to a “hold” rating in a research note on Thursday, September 24th. Robert W. Baird decreased their price target on shares of Yum! Brands from $165.00 to $158.00 and set an “outperform” rating for the company in a research note on Friday, October 2nd. BMO Capital Markets boosted their price target on shares of Yum! Brands from $168.00 to $175.00 and gave the stock a “market perform” rating in a report on Friday, July 31st. Deutsche Bank reissued a “hold” rating and issued a $167.00 price objective (down from $174.00) on shares of Yum! Brands in a research report on Wednesday, October 21st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Yum! Brands in a report on Monday, October 26th. Fourteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $176.62.

About Yum! Brands

Yum! Brands, Inc. is a global restaurant company that operates and franchises quick-service restaurants under the KFC, Taco Bell, Pizza Hut and Habit Burger & Grill brands. Its restaurants serve customers through dine-in, takeout, delivery and digital ordering channels. The company’s brands offer a range of products, including KFC’s chicken meals, Taco Bell’s Mexican-inspired food, Pizza Hut’s pizzas and related items, and Habit Burger & Grill’s chargrilled burgers and sandwiches. Yum! Brands’ business relies heavily on franchised restaurants, alongside locations it operates directly.