IFM Investors Pty Ltd Has $8.98 Million Stock Holdings in Yum! Brands, Inc. (NYSE:YUM)

IFM Investors Pty Ltd increased its stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 6.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,039 shares of the restaurant operator's stock after buying an additional 3,407 shares during the quarter. IFM Investors Pty Ltd's holdings in Yum! Brands were worth $8,976,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. WealthTrak Capital Management LLC acquired a new position in Yum! Brands in the 4th quarter worth $25,000. MorganRosel Wealth Management LLC bought a new position in Yum! Brands in the 1st quarter worth about $41,000. Itau Unibanco Holding S.A. boosted its holdings in shares of Yum! Brands by 436.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 279 shares of the restaurant operator's stock valued at $37,000 after acquiring an additional 227 shares in the last quarter. Alpine Bank Wealth Management bought a new position in shares of Yum! Brands in the first quarter valued at approximately $47,000. Finally, LGT Financial Advisors LLC acquired a new stake in Yum! Brands during the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 82.37% of the company's stock.

Insider Buying and Selling

In related news, CEO David W. Gibbs sold 7,063 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $145.57, for a total transaction of $1,028,160.91. Following the completion of the transaction, the chief executive officer directly owned 157,893 shares in the company, valued at $22,984,484.01. The trade was a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Scott Mezvinsky sold 272 shares of the company's 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 completion of the transaction, the chief executive officer owned 1,755 shares of the company's stock, valued at approximately $260,231.40. This trade represents a 13.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,742 shares of company stock valued at $1,861,504 in the last three months. 0.33% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on YUM. TD Securities restated a "hold" rating and set a $158.00 price target on shares of Yum! Brands in a research note on Wednesday, April 30th. Guggenheim upped their price target on shares of Yum! Brands from $155.00 to $165.00 and gave the company a "buy" rating in a research note on Tuesday, April 8th. Citigroup upped their price target on shares of Yum! Brands from $148.00 to $151.00 and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Oppenheimer reaffirmed an "outperform" rating and issued a $185.00 price objective on shares of Yum! Brands in a research report on Monday, April 28th. Finally, Piper Sandler upped their price objective on shares of Yum! Brands from $150.00 to $155.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Thirteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $157.86.

Yum! Brands Stock Performance

Yum! Brands stock traded up $0.30 during mid-day trading on Wednesday, reaching $150.83. The company's stock had a trading volume of 784,656 shares, compared to its average volume of 1,998,864. Yum! Brands, Inc. has a 12-month low of $122.13 and a 12-month high of $163.30. The company has a market capitalization of $41.92 billion, a P/E ratio of 30.05, a PEG ratio of 2.26 and a beta of 0.74. The firm's fifty day moving average price is $145.79 and its two-hundred day moving average price is $144.36.

Yum! Brands (NYSE:YUM - Get Free Report) last posted its 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 firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.15 EPS. On average, research analysts predict that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 27th were paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Tuesday, May 27th. Yum! Brands's dividend payout ratio is presently 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.