Yum! Brands, Inc. (NYSE:YUM) Position Lifted by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV grew its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,637 shares of the restaurant operator’s stock after acquiring an additional 244 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Yum! Brands were worth $4,684,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in Yum! Brands by 4.2% in the fourth quarter. Bank of New York Mellon Corp now owns 2,355,367 shares of the restaurant operator’s stock valued at $315,996,000 after buying an additional 94,026 shares during the last quarter. Cantillon Capital Management LLC grew its position in shares of Yum! Brands by 31.7% in the 4th quarter. Cantillon Capital Management LLC now owns 1,880,379 shares of the restaurant operator’s stock worth $252,272,000 after acquiring an additional 452,339 shares in the last quarter. DJE Kapital AG bought a new stake in shares of Yum! Brands in the 4th quarter valued at approximately $3,306,000. Forsta AP Fonden increased its holdings in shares of Yum! Brands by 5.3% in the 4th quarter. Forsta AP Fonden now owns 110,500 shares of the restaurant operator’s stock valued at $14,825,000 after acquiring an additional 5,600 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Yum! Brands by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,677,290 shares of the restaurant operator’s stock valued at $225,025,000 after acquiring an additional 44,428 shares in the last quarter. Institutional investors own 82.37% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Robert W. Baird decreased their price objective on shares of Yum! Brands from $176.00 to $174.00 and set an “outperform” rating for the company in a report on Monday, April 7th. JPMorgan Chase & Co. lifted their price target on shares of Yum! Brands from $160.00 to $170.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Morgan Stanley boosted their price objective on shares of Yum! Brands from $147.00 to $151.00 and gave the company an “equal weight” rating in a research report on Thursday, May 1st. Evercore ISI raised their target price on shares of Yum! Brands from $160.00 to $170.00 and gave the stock an “in-line” rating in a report on Thursday, May 1st. Finally, Piper Sandler lifted their target price on Yum! Brands from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Sixteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $156.70.

Insider Activity

In other news, VP David Eric Russell sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $158.66, for a total transaction of $793,300.00. Following the completion of the transaction, the vice president now owns 11,960 shares in the company, valued at approximately $1,897,573.60. This trade represents a 29.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David W. Gibbs sold 30,604 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $159.46, for a total transaction of $4,880,113.84. Following the completion of the sale, the chief executive officer now owns 160,296 shares in the company, valued at $25,560,800.16. The trade was a 16.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 62,334 shares of company stock worth $9,734,737. 0.33% of the stock is owned by company insiders.

Yum! Brands Stock Up 1.3%

YUM stock opened at $147.00 on Friday. The company has a 50-day simple moving average of $149.93 and a 200 day simple moving average of $141.82. The company has a market capitalization of $40.86 billion, a P/E ratio of 28.16, a PEG ratio of 2.31 and a beta of 0.77. 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 issued its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.01. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.85 billion. Yum! Brands had a net margin of 19.68% and a negative return on equity of 20.33%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.15 EPS. Equities analysts anticipate that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Tuesday, May 27th will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.93%. Yum! Brands’s payout ratio is currently 56.57%.

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.