Sumitomo Mitsui Asset Management Company LTD reduced its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 50.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 65,247 shares of the restaurant operator’s stock after selling 65,273 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Yum! Brands were worth $5,925,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Conning Inc. boosted its stake in Yum! Brands by 0.5% in the second quarter. Conning Inc. now owns 34,895 shares of the restaurant operator’s stock valued at $2,893,000 after buying an additional 180 shares during the last quarter. Tairen Capital Ltd bought a new stake in Yum! Brands during the second quarter valued at $17,176,000. Smith Asset Management Group LP bought a new stake in Yum! Brands during the second quarter valued at $16,815,000. RS Investment Management Co. LLC bought a new stake in Yum! Brands during the second quarter valued at $3,168,000. Finally, Investment House LLC boosted its stake in Yum! Brands by 2.7% in the second quarter. Investment House LLC now owns 36,969 shares of the restaurant operator’s stock valued at $3,065,000 after buying an additional 955 shares during the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

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

Shares of Yum! Brands, Inc. (NYSE:YUM) traded down 0.19% during trading on Friday, hitting $64.54. 332,399 shares of the stock were exchanged. The stock has a market cap of $23.69 billion, a P/E ratio of 16.60 and a beta of 0.78. Yum! Brands, Inc. has a 52 week low of $46.43 and a 52 week high of $66.13. The firm’s 50 day moving average price is $63.88 and its 200-day moving average price is $63.24.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 3rd. Investors of record on Friday, January 13th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.86%. The ex-dividend date is Wednesday, January 11th. Yum! Brands’s payout ratio is 30.53%.

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Several research firms recently weighed in on YUM. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $97.00 target price (up previously from $96.00) on shares of Yum! Brands in a research note on Sunday, October 2nd. Wells Fargo & Company reiterated a “market weight” rating and issued a $87.00 target price on shares of Yum! Brands in a research note on Sunday, October 2nd. Vetr upgraded shares of Yum! Brands from a “sell” rating to a “buy” rating and set a $95.24 price target for the company in a research note on Monday, September 26th. RBC Capital Markets cut shares of Yum! Brands from a “top pick” rating to an “outperform” rating and set a $97.00 price target for the company. in a research note on Friday, September 23rd. They noted that the move was a valuation call. Finally, Royal Bank Of Canada cut shares of Yum! Brands from a “top pick” rating to an “outperform” rating and set a $97.00 price target for the company. in a research note on Friday, September 23rd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $88.16.

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’s segments include 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.

5 Day Chart for NYSE:YUM

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