Bank of New York Mellon Corp Has $360.77 Million Holdings in Yum! Brands, Inc. (NYSE:YUM)

Bank of New York Mellon Corp lowered its position in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 2.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,292,610 shares of the restaurant operator's stock after selling 62,757 shares during the quarter. Bank of New York Mellon Corp owned about 0.82% of Yum! Brands worth $360,765,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. WealthTrak Capital Management LLC bought a new position in Yum! Brands in the 4th quarter worth approximately $25,000. Wayfinding Financial LLC bought a new position in Yum! Brands during the 1st quarter valued at $32,000. Itau Unibanco Holding S.A. boosted its stake in Yum! Brands by 436.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 279 shares of the restaurant operator's stock valued at $37,000 after purchasing an additional 227 shares in the last quarter. LGT Financial Advisors LLC bought a new position in Yum! Brands during the 4th quarter valued at $41,000. Finally, MorganRosel Wealth Management LLC bought a new position in Yum! Brands during the 1st quarter valued at $41,000. Institutional investors and hedge funds own 82.37% of the company's stock.

Insider Activity

In other news, CEO Scott Mezvinsky sold 272 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $148.28, for a total value of $40,332.16. Following the completion of the transaction, the chief executive officer owned 1,755 shares in the company, valued at $260,231.40. This trade represents a 13.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David W. Gibbs sold 7,063 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $145.57, for a total value of $1,028,160.91. Following the completion of the transaction, the chief executive officer owned 157,893 shares of the company's stock, valued at $22,984,484.01. The trade was a 4.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,742 shares of company stock valued at $1,861,504 in the last 90 days. 0.33% of the stock is owned by corporate insiders.

Yum! Brands Price Performance

Shares of YUM traded up $1.52 during midday trading on Thursday, hitting $152.37. The stock had a trading volume of 1,250,070 shares, compared to its average volume of 1,999,120. The company has a 50 day simple moving average of $145.79 and a two-hundred day simple moving average of $144.41. Yum! Brands, Inc. has a twelve month low of $122.13 and a twelve month high of $163.30. The firm has a market cap of $42.35 billion, a price-to-earnings ratio of 30.35, a price-to-earnings-growth ratio of 2.26 and a beta of 0.74.

Yum! Brands (NYSE:YUM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.01. The company had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.85 billion. Yum! Brands had a negative return on equity of 20.80% and a net margin of 18.42%. Yum! Brands's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.15 EPS. Analysts forecast that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 27th were issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Tuesday, May 27th. Yum! Brands's payout ratio is 56.57%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on YUM. Guggenheim raised their price objective on Yum! Brands from $155.00 to $165.00 and gave the stock a "buy" rating in a research note on Tuesday, April 8th. Evercore ISI increased their target price on shares of Yum! Brands from $160.00 to $170.00 and gave the stock an "in-line" rating in a research report on Thursday, May 1st. Morgan Stanley raised their price target on Yum! Brands from $147.00 to $151.00 and gave the company an "equal weight" rating in a research report on Thursday, May 1st. Oppenheimer reissued an "outperform" rating and set a $185.00 target price on shares of Yum! Brands in a research report on Monday, April 28th. Finally, Piper Sandler raised their price target on shares of Yum! Brands from $150.00 to $155.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Thirteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $157.86.

About Yum! Brands

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.