Hilltop National Bank Invests $350,000 in Yum! Brands, Inc. $YUM

Hilltop National Bank acquired a new stake in Yum! Brands, Inc. (NYSE:YUM) in the second quarter, Holdings Channel reports. The institutional investor acquired 2,361 shares of the restaurant operator’s stock, valued at approximately $350,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in YUM. Manchester Capital Management LLC increased its holdings 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 purchasing an additional 71 shares during the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in Yum! Brands in the first quarter valued at about $25,000. HFM Investment Advisors LLC bought a new stake in Yum! Brands in the first quarter valued at about $25,000. Oliver Lagore Vanvalin Investment Group bought a new stake in Yum! Brands in the second quarter valued at about $29,000. Finally, Wayfinding Financial LLC bought a new stake in Yum! Brands in the first quarter valued at about $32,000. Institutional investors own 82.37% of the company’s stock.

Insider Transactions at Yum! Brands

In other news, CEO David W. Gibbs sold 7,176 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $149.80, for a total transaction of $1,074,964.80. Following the completion of the transaction, the chief executive officer directly owned 102,893 shares of the company’s stock, valued at $15,413,371.40. This represents a 6.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Weir Mirian M. Graddick sold 2,038 shares of the company’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $145.30, for a total value of $296,121.40. Following the transaction, the director directly owned 1,233 shares of the company’s stock, valued at $179,154.90. This represents a 62.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,195 shares of company stock valued at $5,348,137 over the last three months. 0.33% of the stock is currently owned by corporate insiders.

Yum! Brands Price Performance

YUM stock opened at $150.61 on Friday. The stock has a market capitalization of $41.80 billion, a P/E ratio of 29.71, a P/E/G ratio of 2.36 and a beta of 0.72. The business has a 50-day moving average of $147.05 and a 200-day moving average of $147.28. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $163.30.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Tuesday, August 5th. The restaurant operator reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.02). The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%.The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.35 earnings per share. Equities analysts expect that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 2nd. Yum! Brands’s dividend payout ratio is currently 56.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Piper Sandler upped their price objective on Yum! Brands from $155.00 to $157.00 and gave the company a “neutral” rating in a report on Thursday. Morgan Stanley decreased their target price on Yum! Brands from $153.00 to $151.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 6th. Guggenheim reissued a “buy” rating and issued a $167.00 target price (up from $165.00) on shares of Yum! Brands in a research note on Monday, August 4th. Wells Fargo & Company decreased their target price on Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 6th. Finally, Sanford C. Bernstein set a $164.00 target price on Yum! Brands in a research note on Tuesday, August 5th. Eleven analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, Yum! Brands presently has a consensus rating of “Hold” and an average target price of $161.32.

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.