Yum! Brands, Inc. $YUM Position Trimmed by Profund Advisors LLC

Profund Advisors LLC decreased its position in Yum! Brands, Inc. (NYSE:YUM) by 8.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 4,748 shares of the restaurant operator’s stock after selling 413 shares during the period. Profund Advisors LLC’s holdings in Yum! Brands were worth $704,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in YUM. HFM Investment Advisors LLC acquired a new stake in shares of Yum! Brands during the 1st quarter valued at $25,000. Greykasell Wealth Strategies Inc. bought a new position in shares of Yum! Brands in the first quarter valued at approximately $25,000. Manchester Capital Management LLC grew its holdings in Yum! Brands by 78.0% during the 1st quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 71 shares during the last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in Yum! Brands in the 2nd quarter valued at $29,000. Finally, Private Wealth Asset Management LLC lifted its position in Yum! Brands by 219.4% during the 2nd quarter. Private Wealth Asset Management LLC now owns 297 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 204 shares during the period. 82.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

YUM has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price objective on shares of Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating for the company in a report on Wednesday, August 6th. Sanford C. Bernstein lifted their target price on Yum! Brands from $145.00 to $160.00 and gave the stock a “market perform” rating in a report on Wednesday, November 5th. Citigroup lifted their price target on shares of Yum! Brands from $156.00 to $158.00 and gave the company a “neutral” rating in a report on Monday, October 20th. TD Cowen upped their target price on Yum! Brands from $156.00 to $162.00 and gave the company a “hold” rating in a report on Wednesday, November 5th. Finally, Piper Sandler upped their price target on Yum! Brands from $157.00 to $158.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Twelve analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, Yum! Brands presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.29.

Yum! Brands Price Performance

YUM opened at $149.41 on Thursday. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30. The firm has a market cap of $41.48 billion, a price-to-earnings ratio of 29.47, a PEG ratio of 2.08 and a beta of 0.73. The stock’s 50 day simple moving average is $146.72 and its 200 day simple moving average is $146.30.

Yum! Brands (NYSE:YUM) last posted its earnings results on Tuesday, November 4th. The restaurant operator reported $1.58 EPS for the quarter, topping the consensus estimate of $1.46 by $0.12. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company posted $1.37 EPS. As a group, sell-side analysts anticipate that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, September 2nd. Yum! Brands’s payout ratio is currently 55.36%.

Insiders Place Their Bets

In other Yum! Brands news, CEO Scott Mezvinsky sold 1,755 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $148.81, for a total value of $261,161.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Erika Burkhardt sold 1,269 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $149.37, for a total transaction of $189,550.53. Following the completion of the sale, the insider owned 64 shares in the company, valued at approximately $9,559.68. The trade was a 95.20% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 32,864 shares of company stock valued at $4,884,532. 0.33% of the stock is currently owned by corporate insiders.

Yum! Brands 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.