Dynamic Technology Lab Private Ltd Sells 9,739 Shares of Yum! Brands, Inc. $YUM

Dynamic Technology Lab Private Ltd lessened its position in Yum! Brands, Inc. (NYSE:YUM) by 75.5% during the 2nd quarter, Holdings Channel reports. The firm owned 3,159 shares of the restaurant operator’s stock after selling 9,739 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Yum! Brands were worth $468,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Manchester Capital Management LLC boosted its position in Yum! Brands by 78.0% in the first quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 71 shares in the last quarter. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Yum! Brands during the first quarter worth approximately $25,000. HFM Investment Advisors LLC bought a new position in shares of Yum! Brands in the first quarter valued at approximately $25,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Yum! Brands in the 2nd quarter worth approximately $29,000. Finally, Financial Gravity Companies Inc. acquired a new position in shares of Yum! Brands in the 2nd quarter worth approximately $36,000. Institutional investors own 82.37% of the company’s stock.

Wall Street Analysts Forecast Growth

YUM has been the subject of a number of recent analyst reports. Oppenheimer reaffirmed an “outperform” rating on shares of Yum! Brands in a report on Wednesday, November 5th. Morgan Stanley set a $165.00 target price on Yum! Brands in a research note on Tuesday, October 21st. Evercore ISI raised Yum! Brands from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $165.00 to $180.00 in a report on Wednesday, November 5th. Barclays increased their price objective on shares of Yum! Brands from $163.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Finally, Piper Sandler raised their price objective on shares of Yum! Brands from $157.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Thirteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Yum! Brands has a consensus rating of “Moderate Buy” and an average target price of $167.38.

Insider Activity at Yum! Brands

In other news, CEO David W. Gibbs sold 7,176 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $149.80, for a total value of $1,074,964.80. Following the transaction, the chief executive officer owned 102,893 shares of the company’s stock, valued at $15,413,371.40. This represents a 6.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Scott Mezvinsky sold 1,755 shares of Yum! Brands stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $148.81, for a total value of $261,161.55. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 37,870 shares of company stock worth $5,657,495. 0.33% of the stock is owned by company insiders.

Yum! Brands Stock Down 1.3%

Shares of YUM stock opened at $151.01 on Tuesday. The firm has a market cap of $41.93 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 2.08 and a beta of 0.73. Yum! Brands, Inc. has a 12 month low of $122.13 and a 12 month high of $163.30. The stock has a 50-day moving average price of $147.14 and a 200 day moving average price of $146.35.

Yum! Brands (NYSE:YUM) last issued its earnings results on Tuesday, November 4th. The restaurant operator reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.12. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.37 EPS. Sell-side analysts predict that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Tuesday, December 2nd will be given a dividend of $0.71 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $2.84 annualized dividend and a dividend yield of 1.9%. Yum! Brands’s payout ratio is presently 55.36%.

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.