Elyxium Wealth LLC Makes New $347,000 Investment in Yum! Brands, Inc. (NYSE:YUM)

Elyxium Wealth LLC purchased a new stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,202 shares of the restaurant operator's stock, valued at approximately $347,000.

A number of other large investors also recently modified their holdings of YUM. WealthTrak Capital Management LLC purchased a new position in Yum! Brands in the 4th quarter worth about $25,000. Wayfinding Financial LLC acquired a new stake in Yum! Brands in the 1st quarter worth approximately $32,000. Itau Unibanco Holding S.A. increased its position in Yum! Brands by 436.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 279 shares of the restaurant operator's stock worth $37,000 after buying an additional 227 shares during the period. Financial Gravity Asset Management Inc. bought a new position in Yum! Brands in the 1st quarter worth approximately $38,000. Finally, LGT Financial Advisors LLC bought a new position in Yum! Brands in the 4th quarter worth approximately $41,000. 82.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Piper Sandler upped their price target on Yum! Brands from $150.00 to $155.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Morgan Stanley increased their target price on Yum! Brands from $151.00 to $153.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. Redburn Atlantic raised Yum! Brands from a "neutral" rating to a "buy" rating and raised their price target for the stock from $145.00 to $177.00 in a research report on Tuesday, June 10th. JPMorgan Chase & Co. raised Yum! Brands from a "neutral" rating to an "overweight" rating and dropped their target price for the company from $170.00 to $162.00 in a research report on Wednesday, June 25th. Finally, The Goldman Sachs Group raised Yum! Brands from a "neutral" rating to a "buy" rating and set a $167.00 target price on the stock in a research report on Wednesday, June 4th. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $159.86.

Insider Activity

In related news, CEO David W. Gibbs sold 7,117 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $146.60, for a total value of $1,043,352.20. Following the completion of the sale, the chief executive officer owned 102,893 shares in the company, valued at $15,084,113.80. This trade represents a 6.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Scott Mezvinsky sold 272 shares of Yum! Brands stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $148.28, for a total transaction of $40,332.16. Following the transaction, the chief executive officer owned 1,755 shares of the company's stock, valued at approximately $260,231.40. The trade was a 13.42% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,720 shares of company stock worth $2,150,965. Insiders own 0.33% of the company's stock.

Yum! Brands Stock Performance

Shares of Yum! Brands stock opened at $149.07 on Friday. The firm has a 50-day simple moving average of $145.80 and a two-hundred day simple moving average of $145.14. The company has a market cap of $41.44 billion, a P/E ratio of 29.70, a price-to-earnings-growth ratio of 2.24 and a beta of 0.74. 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.01. Yum! Brands had a net margin of 18.42% and a negative return on equity of 20.80%. The company had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.85 billion. During the same quarter in the prior year, the company earned $1.15 EPS. Yum! Brands's revenue was up 11.8% compared to the same quarter last year. Equities research analysts forecast that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Tuesday, May 27th were given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.91%. The ex-dividend date was Tuesday, May 27th. Yum! Brands's payout ratio is currently 56.57%.

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.

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