Baldwin Investment Management LLC Sells 360 Shares of Yum! Brands, Inc. (NYSE:YUM)

Baldwin Investment Management LLC decreased its holdings in Yum! Brands, Inc. (NYSE:YUM) by 4.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,092 shares of the restaurant operator’s stock after selling 360 shares during the period. Baldwin Investment Management LLC’s holdings in Yum! Brands were worth $1,131,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators lifted its stake in Yum! Brands by 3.9% during the second quarter. Deseret Mutual Benefit Administrators now owns 2,049 shares of the restaurant operator’s stock worth $271,000 after purchasing an additional 76 shares during the last quarter. Legacy Financial Advisors Inc. lifted its position in shares of Yum! Brands by 2.2% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 3,460 shares of the restaurant operator’s stock worth $458,000 after buying an additional 76 shares during the last quarter. Wesbanco Bank Inc. boosted its stake in Yum! Brands by 1.9% in the second quarter. Wesbanco Bank Inc. now owns 4,169 shares of the restaurant operator’s stock valued at $552,000 after buying an additional 78 shares in the last quarter. Diversified Trust Co grew its position in Yum! Brands by 2.4% in the third quarter. Diversified Trust Co now owns 3,321 shares of the restaurant operator’s stock valued at $464,000 after acquiring an additional 79 shares during the last quarter. Finally, Marcum Wealth LLC raised its stake in Yum! Brands by 3.4% during the second quarter. Marcum Wealth LLC now owns 2,477 shares of the restaurant operator’s stock worth $328,000 after acquiring an additional 82 shares in the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.

Yum! Brands Stock Performance

Yum! Brands stock opened at $138.63 on Wednesday. The stock has a market capitalization of $38.69 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 2.31 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. The stock’s 50 day moving average price is $134.63 and its two-hundred day moving average price is $134.47.

Yum! Brands (NYSE:YUM) last issued its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.04). Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the prior year, the company earned $1.44 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts forecast that Yum! Brands, Inc. will post 5.47 EPS for the current year.

Yum! Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Monday, December 2nd. Yum! Brands’s payout ratio is 50.09%.

Insider Buying and Selling

In related news, CEO David W. Gibbs sold 7,059 shares of Yum! Brands stock in a transaction on Friday, November 15th. The shares were sold at an average price of $135.94, for a total value of $959,600.46. Following the completion of the sale, the chief executive officer now owns 149,385 shares of the company’s stock, valued at approximately $20,307,396.90. This trade represents a 4.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 21,069 shares of company stock valued at $2,842,965. 0.31% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. TD Cowen restated a “hold” rating and set a $145.00 price target on shares of Yum! Brands in a report on Wednesday, November 6th. Redburn Atlantic downgraded Yum! Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Bank of America cut their target price 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, Loop Capital decreased their price target on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Twelve analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.