Mutual of America Capital Management LLC Trims Stock Position in Yum! Brands, Inc. $YUM

Mutual of America Capital Management LLC reduced its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,874 shares of the restaurant operator’s stock after selling 601 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Yum! Brands were worth $4,723,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. HFM Investment Advisors LLC purchased a new position in shares of Yum! Brands during the 1st quarter valued at approximately $25,000. Greykasell Wealth Strategies Inc. purchased a new position in shares of Yum! Brands during the 1st quarter valued at approximately $25,000. 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 buying an additional 71 shares in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new position in Yum! Brands in the second quarter valued at $29,000. Finally, Wayfinding Financial LLC purchased a new position in Yum! Brands in the first quarter valued at $32,000. 82.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Yum! Brands

In related news, CEO David W. Gibbs sold 7,176 shares of the stock in a transaction that occurred 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 transaction, 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. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Scott Mezvinsky sold 275 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $152.59, for a total value of $41,962.25. Following the transaction, the chief executive officer owned 1,755 shares of the company’s stock, valued at approximately $267,795.45. This represents a 13.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,078 shares of company stock worth $4,304,785. Company insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on YUM shares. Royal Bank Of Canada started coverage on Yum! Brands in a research note on Wednesday, October 8th. They issued a “sector perform” rating and a $165.00 price target for the company. TD Cowen cut their price objective on Yum! Brands from $158.00 to $156.00 and set a “hold” rating for the company in a research report on Tuesday, August 5th. Evercore ISI cut their price objective on Yum! Brands from $170.00 to $165.00 and set an “in-line” rating for the company in a research report on Wednesday, August 6th. Piper Sandler boosted their price target on shares of Yum! Brands from $155.00 to $157.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. Finally, Melius initiated coverage on shares of Yum! Brands in a report on Monday, July 14th. They issued a “buy” rating and a $200.00 price target for the company. Eleven investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, Yum! Brands currently has a consensus rating of “Hold” and an average price target of $163.14.

Yum! Brands Trading Down 0.8%

NYSE YUM opened at $147.35 on Thursday. The stock has a market cap of $40.89 billion, a PE ratio of 29.06, a P/E/G ratio of 2.30 and a beta of 0.72. Yum! Brands, Inc. has a twelve month low of $122.13 and a twelve month high of $163.30. The stock has a fifty day simple moving average of $147.46 and a 200-day simple moving average of $146.23.

Yum! Brands (NYSE:YUM) last announced its earnings results 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 company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%.The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the business earned $1.35 EPS. Research analysts predict that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Announces Dividend

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

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.