NBT Bank N A NY Sells 325 Shares of Yum! Brands, Inc. $YUM

NBT Bank N A NY decreased its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 9.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,082 shares of the restaurant operator’s stock after selling 325 shares during the quarter. NBT Bank N A NY’s holdings in Yum! Brands were worth $457,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC grew its stake in Yum! Brands by 5.6% during the second quarter. Fortitude Family Office LLC now owns 1,277 shares of the restaurant operator’s stock worth $189,000 after purchasing an additional 68 shares during the period. Manchester Capital Management LLC grew its stake in Yum! Brands by 78.0% during the first quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 71 shares during the period. Geneos Wealth Management Inc. grew its stake in Yum! Brands by 7.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,048 shares of the restaurant operator’s stock worth $165,000 after purchasing an additional 71 shares during the period. Valeo Financial Advisors LLC grew its stake in Yum! Brands by 0.8% during the first quarter. Valeo Financial Advisors LLC now owns 9,178 shares of the restaurant operator’s stock worth $1,444,000 after purchasing an additional 72 shares during the period. Finally, PGIM Custom Harvest LLC grew its stake in Yum! Brands by 4.3% during the first quarter. PGIM Custom Harvest LLC now owns 1,857 shares of the restaurant operator’s stock worth $292,000 after purchasing an additional 76 shares during the period. Institutional investors own 82.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on YUM. 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. Piper Sandler boosted their price objective on Yum! Brands from $155.00 to $157.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. TD Cowen decreased their price objective on Yum! Brands from $158.00 to $156.00 and set a “hold” rating for the company in a report on Tuesday, August 5th. Melius began coverage on Yum! Brands in a report on Monday, July 14th. They set a “buy” rating and a $200.00 price objective for the company. Finally, Evercore ISI decreased their price objective on Yum! Brands from $170.00 to $165.00 and set an “in-line” rating for the company in a report on Wednesday, August 6th. Eleven research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $161.48.

Yum! Brands Trading Down 2.2%

Shares of Yum! Brands stock opened at $142.84 on Friday. The stock has a fifty day simple moving average of $147.12 and a 200 day simple moving average of $146.98. Yum! Brands, Inc. has a 12-month low of $122.13 and a 12-month high of $163.30. The company has a market capitalization of $39.64 billion, a P/E ratio of 28.17, a price-to-earnings-growth ratio of 2.28 and a beta of 0.72.

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

Yum! Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.71 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $2.84 annualized dividend and a yield of 2.0%. Yum! Brands’s dividend payout ratio is 56.02%.

Insider Buying and Selling

In related news, COO Tracy L. Skeans sold 12,220 shares of the company’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $148.24, for a total transaction of $1,811,492.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott Mezvinsky sold 275 shares of the business’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 completion of the transaction, the chief executive officer directly owned 1,755 shares in the company, valued at approximately $267,795.45. This represents a 13.55% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,195 shares of company stock worth $5,348,137. 0.33% of the stock is owned by corporate insiders.

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.