FUKOKU MUTUAL LIFE INSURANCE Co Decreases Position in Yum! Brands, Inc. $YUM

FUKOKU MUTUAL LIFE INSURANCE Co decreased its holdings in Yum! Brands, Inc. (NYSE:YUM) by 29.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,367 shares of the restaurant operator’s stock after selling 584 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Yum! Brands were worth $203,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Manchester Capital Management LLC grew its stake 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 purchasing an additional 71 shares in the last quarter. Greykasell Wealth Strategies Inc. acquired a new stake in Yum! Brands in the 1st quarter valued at about $25,000. HFM Investment Advisors LLC purchased a new position in shares of Yum! Brands in the 1st quarter valued at about $25,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Yum! Brands during the second quarter worth about $29,000. Finally, Financial Gravity Companies Inc. purchased a new stake in shares of Yum! Brands during the second quarter worth approximately $36,000. 82.37% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Erika Burkhardt sold 1,269 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $149.37, for a total transaction of $189,550.53. Following the transaction, the insider directly owned 64 shares in the company, valued at approximately $9,559.68. This trade represents a 95.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David W. Gibbs sold 7,176 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $149.80, for a total transaction of $1,074,964.80. Following the completion of the sale, the chief executive officer owned 102,893 shares of the company’s stock, valued at approximately $15,413,371.40. This trade represents a 6.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 37,870 shares of company stock valued at $5,657,495. 0.33% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on YUM. Morgan Stanley set a $165.00 price target on shares of Yum! Brands in a research note on Tuesday, October 21st. Piper Sandler lifted their price objective on shares of Yum! Brands from $157.00 to $158.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Guggenheim lowered their target price on shares of Yum! Brands from $167.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, October 28th. Oppenheimer restated an “outperform” rating on shares of Yum! Brands in a research note on Wednesday, November 5th. Finally, TD Cowen raised Yum! Brands from a “hold” rating to a “buy” rating and upped their price objective for the stock from $162.00 to $173.00 in a research report on Monday. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $167.38.

Yum! Brands Price Performance

Shares of YUM opened at $149.08 on Friday. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30. The stock has a market cap of $41.39 billion, a PE ratio of 29.40, a price-to-earnings-growth ratio of 2.08 and a beta of 0.73. The firm has a fifty day moving average price of $147.03 and a 200 day moving average price of $146.32.

Yum! Brands (NYSE:YUM) last posted its earnings results on Tuesday, November 4th. The restaurant operator reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.12. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%.The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.37 earnings per share. As a group, equities analysts expect that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Tuesday, December 2nd will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, December 2nd. Yum! Brands’s dividend 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.