Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Coastline Trust Co

Coastline Trust Co decreased its stake in Yum! Brands, Inc. (NYSE:YUM) by 3.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,684 shares of the restaurant operator’s stock after selling 440 shares during the period. Coastline Trust Co’s holdings in Yum! Brands were worth $2,153,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of YUM. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Yum! Brands during the fourth quarter worth about $25,000. WealthTrak Capital Management LLC acquired a new position in Yum! Brands during the fourth quarter worth approximately $25,000. Itau Unibanco Holding S.A. lifted its stake in Yum! Brands by 436.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 279 shares of the restaurant operator’s stock valued at $37,000 after buying an additional 227 shares during the last quarter. LGT Financial Advisors LLC acquired a new stake in shares of Yum! Brands in the fourth quarter valued at approximately $41,000. Finally, MorganRosel Wealth Management LLC purchased a new position in shares of Yum! Brands during the first quarter worth approximately $41,000. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on YUM. Guggenheim upped their price target on shares of Yum! Brands from $155.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, April 8th. Wells Fargo & Company upped their target price on shares of Yum! Brands from $145.00 to $160.00 and gave the company an “equal weight” rating in a report on Wednesday, March 5th. Redburn Atlantic upgraded shares of Yum! Brands from a “neutral” rating to a “buy” rating and increased their target price for the stock from $145.00 to $177.00 in a research note on Tuesday, June 10th. Citigroup boosted their price target on Yum! Brands from $148.00 to $151.00 and gave the company a “neutral” rating in a research report on Tuesday, April 15th. Finally, Morgan Stanley increased their price objective on Yum! Brands from $147.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 1st. Thirteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $157.86.

Yum! Brands Stock Up 1.5%

Shares of NYSE YUM opened at $150.36 on Wednesday. The firm has a 50-day moving average price of $145.50 and a 200 day moving average price of $143.76. Yum! Brands, Inc. has a 52 week low of $122.13 and a 52 week high of $163.30. The stock has a market capitalization of $41.79 billion, a price-to-earnings ratio of 29.95, a price-to-earnings-growth ratio of 2.23 and a beta of 0.74.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.01. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Yum! Brands had a negative return on equity of 20.80% and a net margin of 18.42%. The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.15 EPS. Equities research analysts expect that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Tuesday, May 27th were given a $0.71 dividend. The ex-dividend date was Tuesday, May 27th. This represents a $2.84 annualized dividend and a dividend yield of 1.89%. Yum! Brands’s dividend payout ratio is presently 56.57%.

Insider Activity

In other news, CEO David W. Gibbs sold 7,063 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $145.57, for a total value of $1,028,160.91. Following the sale, the chief executive officer directly owned 157,893 shares in the company, valued at $22,984,484.01. This represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott Mezvinsky sold 272 shares of Yum! Brands stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $148.28, for a total value of $40,332.16. Following the transaction, the chief executive officer owned 1,755 shares of the company’s stock, valued at $260,231.40. This represents a 13.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,742 shares of company stock worth $1,861,504 over the last quarter. Insiders own 0.33% of the company’s stock.

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.