Cary Street Partners Investment Advisory LLC Cuts Stock Holdings in Yum! Brands, Inc. (NYSE:YUM)

Cary Street Partners Investment Advisory LLC decreased its position in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 75.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,177 shares of the restaurant operator's stock after selling 6,791 shares during the quarter. Cary Street Partners Investment Advisory LLC's holdings in Yum! Brands were worth $302,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in YUM. Global Retirement Partners LLC increased its stake in shares of Yum! Brands by 14.1% during the 4th quarter. Global Retirement Partners LLC now owns 631 shares of the restaurant operator's stock valued at $82,000 after acquiring an additional 78 shares during the last quarter. Calamos Wealth Management LLC grew its holdings in shares of Yum! Brands by 5.0% during the 4th quarter. Calamos Wealth Management LLC now owns 1,692 shares of the restaurant operator's stock worth $221,000 after purchasing an additional 80 shares during the period. Perigon Wealth Management LLC grew its holdings in shares of Yum! Brands by 1.0% during the 4th quarter. Perigon Wealth Management LLC now owns 8,003 shares of the restaurant operator's stock worth $1,046,000 after purchasing an additional 81 shares during the period. Claro Advisors LLC grew its holdings in shares of Yum! Brands by 0.9% during the 4th quarter. Claro Advisors LLC now owns 8,847 shares of the restaurant operator's stock worth $1,156,000 after purchasing an additional 83 shares during the period. Finally, Addison Advisors LLC grew its holdings in shares of Yum! Brands by 5.2% during the 4th quarter. Addison Advisors LLC now owns 1,701 shares of the restaurant operator's stock worth $222,000 after purchasing an additional 84 shares during the period. Institutional investors and hedge funds own 82.37% of the company's stock.

Insider Buying and Selling

In related news, CEO David W. Gibbs sold 7,067 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $136.34, for a total value of $963,514.78. Following the completion of the sale, the chief executive officer now directly owns 175,377 shares of the company's stock, valued at approximately $23,910,900.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, VP David Eric Russell sold 9,919 shares of the firm's stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $129.63, for a total transaction of $1,285,799.97. Following the completion of the sale, the vice president now directly owns 18,661 shares of the company's stock, valued at approximately $2,419,025.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David W. Gibbs sold 7,067 shares of the firm's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $136.34, for a total value of $963,514.78. Following the sale, the chief executive officer now directly owns 175,377 shares of the company's stock, valued at $23,910,900.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,064 shares of company stock valued at $3,228,698. Corporate insiders own 0.31% of the company's stock.

Yum! Brands Trading Down 0.2 %

YUM stock traded down $0.31 during trading hours on Thursday, hitting $135.02. 2,425,355 shares of the stock traded hands, compared to its average volume of 2,001,923. Yum! Brands, Inc. has a one year low of $115.53 and a one year high of $143.20. The company has a market cap of $38.01 billion, a P/E ratio of 24.16, a P/E/G ratio of 2.22 and a beta of 1.07. The stock has a 50-day simple moving average of $138.30 and a 200 day simple moving average of $131.40.

Yum! Brands (NYSE:YUM - Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $1.15 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.05). Yum! Brands had a net margin of 22.57% and a negative return on equity of 17.76%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the business earned $1.06 EPS. The company's revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts forecast that Yum! Brands, Inc. will post 5.73 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wells Fargo & Company cut Yum! Brands from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $150.00 to $135.00 in a report on Thursday, January 11th. Guggenheim increased their target price on Yum! Brands from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday, March 7th. Royal Bank of Canada dropped their price target on Yum! Brands from $145.00 to $141.00 and set a "sector perform" rating on the stock in a research report on Friday, February 9th. Oppenheimer raised Yum! Brands from a "market perform" rating to an "outperform" rating and set a $154.00 target price on the stock in a research report on Friday, January 5th. Finally, BMO Capital Markets increased their target price on Yum! Brands from $133.00 to $135.00 and gave the stock a "market perform" rating in a research report on Thursday. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $144.44.

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.