Trade Report: The FTB Advisors Inc. Sold shares of Yum Brands Inc. (YUM)

The FTB Advisors Inc. Sold shares of Yum Brands Inc. (YUM)

FTB Advisors Inc. lowered its position in Yum Brands Inc. (NYSE:YUM) by 14.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,418 shares of the restaurant operator’s stock after selling 582 shares during the period. FTB Advisors Inc.’s holdings in Yum Brands were worth $284,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of YUM. Advisory Services Network LLC raised its position in shares of Yum Brands by 9.2% in the second quarter. Advisory Services Network LLC now owns 1,292 shares of the restaurant operator’s stock valued at $107,000 after buying an additional 109 shares during the period. Zions Bancorporation raised its position in shares of Yum Brands by 17.1% in the first quarter. Zions Bancorporation now owns 1,508 shares of the restaurant operator’s stock valued at $121,000 after buying an additional 220 shares during the period. Vigilant Capital Management LLC raised its position in shares of Yum Brands by 5.9% in the second quarter. Vigilant Capital Management LLC now owns 1,694 shares of the restaurant operator’s stock valued at $140,000 after buying an additional 94 shares during the period. Washington Trust Bank raised its position in shares of Yum Brands by 1.4% in the second quarter. Washington Trust Bank now owns 2,002 shares of the restaurant operator’s stock valued at $166,000 after buying an additional 28 shares during the period. Finally, Hartford Financial Management Inc. purchased a new position in shares of Yum Brands during the second quarter valued at $177,000. 76.14% of the stock is currently owned by institutional investors.

Yum Brands Inc. (NYSE:YUM) traded up 0.08% during trading on Friday, reaching $89.44. 3,205,923 shares of the company’s stock traded hands. The firm’s 50 day moving average is $89.33 and its 200 day moving average is $85.47. Yum Brands Inc. has a 12 month low of $64.58 and a 12 month high of $91.99. The company has a market cap of $33.63 billion, a P/E ratio of 26.96 and a beta of 0.76.

Yum Brands (NYSE:YUM) last issued its quarterly earnings data on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by $0.01. The firm had revenue of $3.32 billion for the quarter. Yum Brands had a negative return on equity of 589.18% and a net margin of 12.62%. The company’s revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the company earned $1.00 earnings per share. Analysts anticipate that Yum Brands Inc. will post $3.70 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 4th. Shareholders of record on Wednesday, October 19th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.28%. This is a boost from Yum Brands’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, October 17th. Yum Brands’s dividend payout ratio is currently 46.82%.

YUM has been the topic of several research reports. Nomura reaffirmed a “buy” rating on shares of Yum Brands in a research report on Tuesday, July 12th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Yum Brands in a research report on Monday, July 11th. Cowen and Company reaffirmed a “buy” rating on shares of Yum Brands in a research report on Sunday, July 17th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Yum Brands in a research report on Sunday, July 17th. Finally, Vetr raised Yum Brands from a “sell” rating to a “buy” rating and set a $95.24 target price on the stock in a research report on Monday, September 26th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Yum Brands currently has a consensus rating of “Hold” and an average price target of $92.46.

In other news, insider Tracy L. Skeans sold 1,793 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $90.02, for a total transaction of $161,405.86. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Muktesh Pant sold 91,228 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $89.94, for a total transaction of $8,205,046.32. Following the transaction, the chief executive officer now owns 62,660 shares in the company, valued at $5,635,640.40. The disclosure for this sale can be found here. Company insiders own 7.38% of the company’s stock.

About Yum Brands

YUM! Brands, Inc (YUM) is engaged in restaurant business. The Company develops, operates, franchises and licenses an across the world system of restaurants, which prepare, package and sell a menu of food items, primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts). YUM operates through four segments: YUM China (China Division), which includes all operations in mainland China; The KFC Division, which includes all operations of the KFC concept outside of China Division; The Pizza Hut Division, which includes all operations of the Pizza Hut concept outside of China Division, and the Taco Bell Division, which includes all operations of the Taco Bell concept.

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