Atria Investments Inc Lowers Position in Yum! Brands, Inc. (NYSE:YUM)

Atria Investments Inc decreased its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 9.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 24,845 shares of the restaurant operator’s stock after selling 2,650 shares during the period. Atria Investments Inc’s holdings in Yum! Brands were worth $3,471,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Crewe Advisors LLC purchased a new stake in Yum! Brands in the first quarter worth $28,000. DiNuzzo Private Wealth Inc. increased 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 acquiring an additional 201 shares in the last quarter. Meeder Asset Management Inc. lifted its position in Yum! Brands by 43.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 82 shares during the period. Kimelman & Baird LLC purchased a new stake in Yum! Brands in the second quarter worth about $37,000. Finally, Iron Horse Wealth Management LLC increased its stake in shares of Yum! Brands by 3,088.9% during the second quarter. Iron Horse Wealth Management LLC now owns 287 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 278 shares in the last quarter. Institutional investors own 82.37% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. 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 note on Monday, July 22nd. JPMorgan Chase & Co. increased their target price on Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Robert W. Baird lifted their price target on Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Bank of America cut their price objective on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Twelve investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Yum! Brands has an average rating of “Hold” and an average target price of $145.94.

Insider Transactions at Yum! Brands

In related news, CEO David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction on Monday, September 16th. 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 directly owns 155,883 shares in the company, valued at approximately $20,955,351.69. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO David W. Gibbs sold 7,005 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $134.43, for a total value of $941,682.15. Following the transaction, the chief executive officer now owns 155,883 shares of the company’s stock, valued at $20,955,351.69. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Weir Mirian M. Graddick sold 1,309 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $137.40, for a total value of $179,856.60. Following the transaction, the director now owns 1,233 shares of the company’s stock, valued at approximately $169,414.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,319 shares of company stock worth $2,063,221 in the last three months. Corporate insiders own 0.31% of the company’s stock.

Yum! Brands Stock Performance

Shares of NYSE:YUM opened at $135.28 on Thursday. Yum! Brands, Inc. has a 52-week low of $123.70 and a 52-week high of $143.20. The stock has a market capitalization of $37.75 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 2.26 and a beta of 1.10. The stock’s 50-day simple moving average is $134.37 and its two-hundred day simple moving average is $134.64.

Yum! Brands (NYSE:YUM) last announced its 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 analysts’ expectations of $1.90 billion. Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.44 earnings per share. As a group, equities analysts forecast that Yum! Brands, Inc. will post 5.49 earnings per share for the current fiscal year.

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.