Cambridge Trust Co. Sells 350 Shares of Yum! Brands, Inc. (YUM)

Cambridge Trust Co. reduced its position in Yum! Brands, Inc. (NYSE:YUM) by 9.4% in the 4th quarter, HoldingsChannel reports. The fund owned 3,393 shares of the restaurant operator’s stock after selling 350 shares during the period. Cambridge Trust Co.’s holdings in Yum! Brands were worth $312,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P raised its holdings in Yum! Brands by 2.5% in the third quarter. Loomis Sayles & Co. L P now owns 7,386,140 shares of the restaurant operator’s stock worth $671,474,000 after purchasing an additional 178,182 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Yum! Brands by 5.1% in the third quarter. Bank of New York Mellon Corp now owns 5,459,185 shares of the restaurant operator’s stock worth $496,295,000 after purchasing an additional 264,177 shares in the last quarter. Sustainable Growth Advisers LP raised its holdings in Yum! Brands by 7.8% in the third quarter. Sustainable Growth Advisers LP now owns 4,693,776 shares of the restaurant operator’s stock worth $426,711,000 after purchasing an additional 341,611 shares in the last quarter. Legal & General Group Plc raised its holdings in Yum! Brands by 4.8% in the third quarter. Legal & General Group Plc now owns 1,756,233 shares of the restaurant operator’s stock worth $159,642,000 after purchasing an additional 80,542 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Yum! Brands by 3,028.1% in the third quarter. Victory Capital Management Inc. now owns 1,748,932 shares of the restaurant operator’s stock worth $158,996,000 after purchasing an additional 1,693,021 shares in the last quarter. Hedge funds and other institutional investors own 70.78% of the company’s stock.

In other news, CEO Anthony Lowings sold 2,889 shares of the company’s stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $89.93, for a total transaction of $259,807.77. Following the transaction, the chief executive officer now owns 36,497 shares in the company, valued at $3,282,175.21. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Scott Catlett sold 745 shares of the company’s stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $90.00, for a total transaction of $67,050.00. Following the transaction, the general counsel now owns 5,188 shares in the company, valued at approximately $466,920. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,317 shares of company stock worth $3,883,277. Corporate insiders own 0.63% of the company’s stock.

YUM opened at $94.49 on Friday. Yum! Brands, Inc. has a 52-week low of $76.32 and a 52-week high of $95.45. The stock has a market cap of $29.55 billion, a PE ratio of 29.81, a P/E/G ratio of 1.98 and a beta of 0.60.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Thursday, February 7th. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.57). Yum! Brands had a net margin of 27.11% and a negative return on equity of 14.19%. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the company earned $0.96 EPS. The business’s revenue was down 1.2% compared to the same quarter last year. Sell-side analysts forecast that Yum! Brands, Inc. will post 3.75 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Thursday, February 14th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, February 13th. This represents a $1.68 annualized dividend and a dividend yield of 1.78%. This is an increase from Yum! Brands’s previous quarterly dividend of $0.36. Yum! Brands’s dividend payout ratio is 45.43%.

A number of equities analysts have commented on YUM shares. Zacks Investment Research upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a report on Saturday, January 12th. Stifel Nicolaus downgraded shares of Yum! Brands from a “buy” rating to a “hold” rating and set a $94.00 target price for the company. in a report on Tuesday, October 23rd. Gordon Haskett started coverage on shares of Yum! Brands in a report on Thursday, October 18th. They issued a “hold” rating and a $90.00 target price for the company. Cowen reiterated a “buy” rating and issued a $100.00 target price on shares of Yum! Brands in a report on Sunday, December 2nd. Finally, Goldman Sachs Group downgraded shares of Yum! Brands from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $83.00 to $76.00 in a report on Friday, January 11th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. Yum! Brands presently has a consensus rating of “Hold” and a consensus target price of $91.60.

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About Yum! Brands

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.

Further Reading: What is the quiet period?

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

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