Davidson Trust Co. Buys Shares of 2,703 Yum! Brands, Inc. (NYSE:YUM)

Davidson Trust Co. purchased a new stake in Yum! Brands, Inc. (NYSE:YUM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,703 shares of the restaurant operator's stock, valued at approximately $425,000.

A number of other hedge funds have also modified their holdings of the business. Norges Bank acquired a new stake in shares of Yum! Brands during the fourth quarter valued at about $418,692,000. GAMMA Investing LLC boosted its position in shares of Yum! Brands by 14,795.6% during the 1st quarter. GAMMA Investing LLC now owns 769,805 shares of the restaurant operator's stock worth $121,137,000 after purchasing an additional 764,637 shares during the period. Northern Trust Corp increased its holdings in Yum! Brands by 20.4% in the 4th quarter. Northern Trust Corp now owns 3,545,872 shares of the restaurant operator's stock valued at $475,714,000 after purchasing an additional 601,361 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Yum! Brands in the fourth quarter valued at approximately $59,289,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Yum! Brands during the fourth quarter worth $43,944,000. 82.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

YUM has been the topic of several research analyst reports. Guggenheim boosted their price objective on Yum! Brands from $155.00 to $165.00 and gave the company a "buy" rating in a report on Tuesday, April 8th. Barclays lifted their target price on Yum! Brands from $163.00 to $167.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Evercore ISI increased their price target 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. Piper Sandler lifted their price objective on shares of Yum! Brands from $150.00 to $155.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Finally, Robert W. Baird cut their target price on shares of Yum! Brands from $176.00 to $174.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. Thirteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Yum! Brands presently has a consensus rating of "Hold" and an average target price of $157.86.

Yum! Brands Price Performance

Yum! Brands stock opened at $150.00 on Friday. The stock has a market cap of $41.69 billion, a PE ratio of 29.88, a P/E/G ratio of 2.26 and a beta of 0.74. The stock's fifty day moving average is $145.63 and its two-hundred day moving average is $143.91. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30.

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

Yum! Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 27th were given a dividend of $0.71 per share. The ex-dividend date was Tuesday, May 27th. This represents a $2.84 annualized dividend and a dividend yield of 1.89%. Yum! Brands's dividend payout ratio is presently 56.57%.

Insider Buying and Selling at Yum! Brands

In related news, CEO David W. Gibbs sold 7,063 shares of the stock in a transaction on 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 transaction, the chief executive officer directly owned 157,893 shares of the company's stock, valued at $22,984,484.01. This trade represents a 4.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Scott Mezvinsky sold 272 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $148.28, for a total transaction of $40,332.16. Following the completion of the sale, the chief executive officer directly owned 1,755 shares of the company's stock, valued at approximately $260,231.40. This trade represents a 13.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,742 shares of company stock valued at $1,861,504. Company insiders own 0.33% of the company's stock.

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.

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