Lbp Am Sa Trims Position in Yum! Brands, Inc. $YUM

Lbp Am Sa lowered its holdings in Yum! Brands, Inc. (NYSE:YUM) by 14.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,901 shares of the restaurant operator’s stock after selling 3,810 shares during the period. Lbp Am Sa’s holdings in Yum! Brands were worth $3,481,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Salomon & Ludwin LLC grew its holdings in Yum! Brands by 679.2% in the third quarter. Salomon & Ludwin LLC now owns 187 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 163 shares during the period. CNB Bank grew its stake in shares of Yum! Brands by 833.3% during the 3rd quarter. CNB Bank now owns 224 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 200 shares during the period. Financial Gravity Companies Inc. acquired a new stake in shares of Yum! Brands during the 2nd quarter worth $36,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Yum! Brands in the 3rd quarter worth $40,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Yum! Brands in the second quarter valued at $42,000. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on YUM. Morgan Stanley boosted their target price on Yum! Brands from $165.00 to $176.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 20th. Stifel Nicolaus set a $160.00 price objective on Yum! Brands in a research note on Monday, November 17th. BMO Capital Markets raised their price objective on shares of Yum! Brands from $150.00 to $155.00 and gave the stock a “market perform” rating in a report on Wednesday, November 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Yum! Brands in a research note on Monday, December 29th. Finally, Piper Sandler reaffirmed a “neutral” rating on shares of Yum! Brands in a research report on Friday, December 5th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $170.30.

Yum! Brands Price Performance

YUM opened at $154.03 on Wednesday. Yum! Brands, Inc. has a 1-year low of $128.29 and a 1-year high of $163.30. The company has a market capitalization of $42.77 billion, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of 2.21 and a beta of 0.67. The business has a 50 day moving average price of $152.24 and a two-hundred day moving average price of $148.53.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.12. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.96 billion. Yum! Brands had a negative return on equity of 21.79% and a net margin of 17.95%.The company’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.37 earnings per share. Equities analysts expect that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Tuesday, December 2nd were issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Tuesday, December 2nd. Yum! Brands’s payout ratio is presently 55.36%.

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, CEO Scott Mezvinsky sold 276 shares of Yum! Brands stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $153.17, for a total value of $42,274.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Aaron Powell sold 2,790 shares of Yum! Brands stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $150.48, for a total value of $419,839.20. Following the completion of the transaction, the chief executive officer owned 26,650 shares in the company, valued at $4,010,292. The trade was a 9.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 30,695 shares of company stock valued at $4,582,843 in the last ninety days. Company insiders own 0.33% of the company’s stock.

Yum! Brands Profile

Yum! Brands, Inc (NYSE: YUM) is a global quick-service restaurant company that develops, operates and franchises a portfolio of well-known restaurant brands. The company’s principal brands are KFC, Pizza Hut and Taco Bell, each focused on distinct product categories—KFC on fried chicken and related menu items, Pizza Hut on pizza and complementary offerings, and Taco Bell on Mexican-inspired quick-service food. Yum! is headquartered in Louisville, Kentucky and was formed as Tricon Global Restaurants in 1997 when PepsiCo spun off its restaurant businesses, later adopting the Yum! Brands name.

The company’s operating model centers on brand development, system growth and franchising; a large portion of its restaurants are operated by independent franchisees, and Yum! generates revenue through franchise royalties and fees in addition to sales from company-operated locations.