Klingenstein Fields & Co. LP Has $16.12 Million Holdings in Yum! Brands, Inc. (NYSE:YUM)

Klingenstein Fields & Co. LP lessened its holdings in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 2.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 102,465 shares of the restaurant operator's stock after selling 2,493 shares during the quarter. Klingenstein Fields & Co. LP's holdings in Yum! Brands were worth $16,124,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Yum! Brands in the fourth quarter valued at $418,692,000. GAMMA Investing LLC increased its position in Yum! Brands by 14,795.6% in the 1st quarter. GAMMA Investing LLC now owns 769,805 shares of the restaurant operator's stock worth $121,137,000 after purchasing an additional 764,637 shares during the last quarter. Northern Trust Corp increased its position in Yum! Brands by 20.4% in the 4th quarter. Northern Trust Corp now owns 3,545,872 shares of the restaurant operator's stock worth $475,714,000 after purchasing an additional 601,361 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Yum! Brands in the 4th quarter worth about $59,289,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Yum! Brands during the 4th quarter valued at about $43,944,000. Institutional investors and hedge funds own 82.37% of the company's stock.

Yum! Brands Price Performance

Shares of Yum! Brands stock traded down $0.22 during midday trading on Thursday, hitting $149.96. 612,096 shares of the company were exchanged, compared to its average volume of 1,996,016. The firm has a market cap of $41.68 billion, a P/E ratio of 29.90, a PEG ratio of 2.26 and a beta of 0.74. Yum! Brands, Inc. has a 52 week low of $122.13 and a 52 week high of $163.30. The firm has a 50 day simple moving average of $145.58 and a 200-day simple moving average of $143.80.

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

Yum! Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 27th were paid 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 (DPR) is currently 56.57%.

Insider Buying and Selling at Yum! Brands

In other news, CEO Scott Mezvinsky sold 272 shares of Yum! Brands stock in a transaction 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 completion of the sale, the chief executive officer directly owned 1,755 shares of the company's stock, valued at approximately $260,231.40. This trade represents a 13.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David W. Gibbs sold 7,063 shares of Yum! Brands stock in a transaction 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 completion of the sale, the chief executive officer directly owned 157,893 shares of the company's stock, valued at $22,984,484.01. This trade represents a 4.28% 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 valued at $1,861,504 over the last three months. Insiders own 0.33% of the company's stock.

Analysts Set New Price Targets

YUM has been the topic of a number of analyst reports. Robert W. Baird lowered their price objective on Yum! Brands from $176.00 to $174.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Barclays increased their price objective on Yum! Brands from $163.00 to $167.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Evercore ISI increased their price objective on Yum! Brands from $160.00 to $170.00 and gave the company an "in-line" rating in a report on Thursday, May 1st. TD Securities restated a "hold" rating and set a $158.00 target price on shares of Yum! Brands in a research note on Wednesday, April 30th. Finally, Guggenheim increased their target price on Yum! Brands from $155.00 to $165.00 and gave the company a "buy" rating in a research note on Tuesday, April 8th. Thirteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $157.86.

About Yum! Brands

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.