Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its stake in Yum! Brands by 27.2%, selling 325,142 shares, leaving it with 870,444 shares valued at approximately $137 million.
• Yum! Brands reported Q2 earnings with an EPS of $1.44, missing analyst expectations, and revenue reaching $1.93 billion, up 9.6% year-over-year.
• The company declared a quarterly dividend of $0.71 per share, resulting in an annualized dividend yield of 2.0% and a payout ratio of 56.02%.

Deutsche Bank AG decreased its stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 27.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 870,444 shares of the restaurant operator's stock after selling 325,142 shares during the quarter. Deutsche Bank AG owned approximately 0.31% of Yum! Brands worth $136,973,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of YUM. Manchester Capital Management LLC boosted its position in Yum! Brands by 78.0% during the first quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator's stock worth $25,000 after purchasing an additional 71 shares in the last quarter. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Yum! Brands in the first quarter worth about $25,000. Wayfinding Financial LLC purchased a new position in Yum! Brands in the first quarter valued at about $32,000. Itau Unibanco Holding S.A. lifted its holdings in Yum! Brands by 436.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 279 shares of the restaurant operator's stock worth $37,000 after buying an additional 227 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of Yum! Brands during the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 82.37% of the company's stock.

Insiders Place Their Bets

In other Yum! Brands news, CEO David W. Gibbs sold 7,117 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $146.60, for a total transaction of $1,043,352.20. Following the transaction, the chief executive officer owned 102,893 shares in the company, valued at $15,084,113.80. The trade was a 6.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Scott Mezvinsky sold 263 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $139.92, for a total transaction of $36,798.96. Following the sale, the chief executive officer directly owned 1,755 shares of the company's stock, valued at approximately $245,559.60. The trade was a 13.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,983 shares of company stock worth $2,187,764. 0.33% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

YUM has been the subject of a number of research reports. Evercore ISI decreased their price target on Yum! Brands from $170.00 to $165.00 and set an "in-line" rating for the company in a research note on Wednesday, August 6th. Guggenheim reiterated a "buy" rating and issued a $167.00 price objective (up from $165.00) on shares of Yum! Brands in a research note on Monday, August 4th. Sanford C. Bernstein set a $164.00 target price on shares of Yum! Brands in a research note on Tuesday, August 5th. Oppenheimer reiterated an "outperform" rating and set a $185.00 target price on shares of Yum! Brands in a research report on Monday, April 28th. Finally, Melius started coverage on shares of Yum! Brands in a research report on Monday, July 14th. They issued a "buy" rating and a $200.00 price objective for the company. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Yum! Brands presently has an average rating of "Hold" and an average price target of $161.23.

Yum! Brands Trading Up 0.6%

Shares of YUM stock traded up $0.85 during trading on Tuesday, reaching $142.12. 1,606,719 shares of the company's stock traded hands, compared to its average volume of 2,086,219. The firm's 50-day moving average is $145.43 and its 200 day moving average is $147.21. The company has a market capitalization of $39.44 billion, a P/E ratio of 28.03, a PEG ratio of 2.20 and a beta of 0.73. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30.

Yum! Brands (NYSE:YUM - Get Free Report) last released its earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.02). Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the business posted $1.35 EPS. Yum! Brands's revenue for the quarter was up 9.6% on a year-over-year basis. As a group, sell-side analysts predict that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Tuesday, May 27th were paid a dividend of $0.71 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $2.84 dividend on an annualized basis and a yield of 2.0%. Yum! Brands's dividend payout ratio is presently 56.02%.

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.