Toronto Dominion Bank cut its stake in Yum! Brands, Inc. (NYSE:YUM) by 11.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 199,377 shares of the restaurant operator’s stock after selling 24,957 shares during the period. Toronto Dominion Bank’s holdings in Yum! Brands were worth $22,039,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Liberty Wealth Management LLC raised its stake in shares of Yum! Brands by 302.1% in the second quarter. Liberty Wealth Management LLC now owns 386 shares of the restaurant operator’s stock worth $43,000 after acquiring an additional 290 shares during the last quarter. Certified Advisory Corp acquired a new stake in shares of Yum! Brands during the 2nd quarter worth approximately $44,000. Advisory Alpha LLC acquired a new stake in shares of Yum! Brands during the 1st quarter worth approximately $50,000. Bremer Bank National Association acquired a new stake in shares of Yum! Brands during the 1st quarter worth approximately $52,000. Finally, Zions Bancorporation N.A. acquired a new stake in shares of Yum! Brands during the 1st quarter worth approximately $52,000. 75.27% of the stock is owned by institutional investors.

YUM has been the subject of several analyst reports. Edward Jones cut shares of Yum! Brands from a “buy” rating to a “hold” rating in a research report on Monday, July 1st. Evercore ISI reiterated a “buy” rating and set a $130.00 price target on shares of Yum! Brands in a research report on Tuesday, August 13th. MKM Partners initiated coverage on shares of Yum! Brands in a research report on Tuesday, August 13th. They set a “neutral” rating and a $125.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of Yum! Brands from $97.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, June 28th. Finally, UBS Group lifted their price target on shares of Yum! Brands from $105.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $110.65.

In related news, CEO Greg Creed sold 11,389 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $116.93, for a total transaction of $1,331,715.77. Following the completion of the transaction, the chief executive officer now owns 25,004 shares in the company, valued at $2,923,717.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP David Eric Russell sold 5,801 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $115.33, for a total transaction of $669,029.33. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,996 shares of company stock valued at $3,317,091. Corporate insiders own 0.67% of the company’s stock.

NYSE YUM traded down $1.41 during trading on Friday, reaching $111.86. 92,803 shares of the stock traded hands, compared to its average volume of 1,246,494. The firm has a market cap of $35.08 billion, a price-to-earnings ratio of 35.17, a price-to-earnings-growth ratio of 2.43 and a beta of 0.51. The stock’s 50-day moving average price is $116.33 and its 200 day moving average price is $106.72. Yum! Brands, Inc. has a fifty-two week low of $84.53 and a fifty-two week high of $119.72.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.06. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Yum! Brands had a net margin of 24.29% and a negative return on equity of 13.02%. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.82 earnings per share. As a group, equities analysts anticipate that Yum! Brands, Inc. will post 3.87 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 19th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Friday, August 16th. Yum! Brands’s dividend payout ratio is currently 53.00%.

Yum! Brands Company Profile

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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