Hilltop National Bank Buys Shares of 2,361 Yum! Brands, Inc. $YUM

Key Points

• Hilltop National Bank acquired 2,361 shares of Yum! Brands, Inc., valued at approximately $350,000, during the second quarter.
• Institutional investors now own 82.37% of Yum! Brands' stock, with several firms increasing their holdings significantly during the past quarters.
• The latest analyst ratings indicate a mix of opinions, with estimates for Yum! Brands' price target ranging from $155.00 to $200.00 as analysts maintain a consensus "Hold" rating on the stock.

Hilltop National Bank bought a new stake in Yum! Brands, Inc. (NYSE:YUM - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,361 shares of the restaurant operator's stock, valued at approximately $350,000.

Several other institutional investors also recently modified their holdings of YUM. Brighton Jones LLC grew its holdings in shares of Yum! Brands by 8.0% during the 4th quarter. Brighton Jones LLC now owns 7,861 shares of the restaurant operator's stock worth $1,055,000 after purchasing an additional 583 shares in the last quarter. NBC Securities Inc. grew its holdings in shares of Yum! Brands by 106,800.0% during the 1st quarter. NBC Securities Inc. now owns 1,069 shares of the restaurant operator's stock worth $168,000 after purchasing an additional 1,068 shares in the last quarter. Merit Financial Group LLC grew its holdings in shares of Yum! Brands by 13.0% during the 1st quarter. Merit Financial Group LLC now owns 12,006 shares of the restaurant operator's stock worth $1,889,000 after purchasing an additional 1,383 shares in the last quarter. E. Ohman J or Asset Management AB acquired a new stake in shares of Yum! Brands during the 1st quarter worth approximately $2,039,000. Finally, Procyon Advisors LLC grew its holdings in shares of Yum! Brands by 36.2% during the 1st quarter. Procyon Advisors LLC now owns 19,737 shares of the restaurant operator's stock worth $3,106,000 after purchasing an additional 5,242 shares in the last quarter. Institutional investors and hedge funds own 82.37% of the company's stock.

Analyst Upgrades and Downgrades

YUM has been the topic of several recent analyst reports. Piper Sandler boosted their price target on Yum! Brands from $155.00 to $157.00 and gave the company a "neutral" rating in a research note on Thursday. Guggenheim reaffirmed a "buy" rating and issued a $167.00 price target (up previously from $165.00) on shares of Yum! Brands in a research note on Monday, August 4th. Wells Fargo & Company decreased their price target on Yum! Brands from $160.00 to $155.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. Barclays reaffirmed an "overweight" rating and issued a $164.00 price target (down previously from $167.00) on shares of Yum! Brands in a research note on Tuesday, August 5th. Finally, Melius initiated coverage on Yum! Brands in a research note on Monday, July 14th. They issued a "buy" rating and a $200.00 price target on the stock. Eleven research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $161.32.

Insider Transactions at Yum! Brands

In other news, CEO David W. Gibbs sold 7,176 shares of the business's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $149.80, for a total transaction of $1,074,964.80. Following the completion of the sale, the chief executive officer owned 102,893 shares in the company, valued at $15,413,371.40. The trade was a 6.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 sale, the chief executive officer owned 1,755 shares of the company's stock, valued at approximately $267,795.45. The trade was a 13.55% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,195 shares of company stock worth $5,348,137. Insiders own 0.33% of the company's stock.

Yum! Brands Stock Performance

Yum! Brands stock opened at $150.61 on Friday. The firm has a market cap of $41.80 billion, a P/E ratio of 29.71, a P/E/G ratio of 2.36 and a beta of 0.72. The business's fifty day moving average is $147.05 and its two-hundred day moving average is $147.28. Yum! Brands, Inc. has a 52 week low of $122.13 and a 52 week high of $163.30.

Yum! Brands (NYSE:YUM - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The restaurant operator reported $1.44 EPS for the quarter, missing analysts' consensus estimates of $1.46 by ($0.02). The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%.Yum! Brands's revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.35 EPS. On average, equities research analysts predict that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Yum! Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.71 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.9%. Yum! Brands's payout ratio is presently 56.02%.

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.

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