Northern Trust Corp Has $523.48 Million Stock Holdings in Yum! Brands, Inc. $YUM

Key Points

• Northern Trust Corp has reduced its stake in Yum! Brands by 6.2%, selling 219,208 shares and owning approximately 1.19% of the company, valued at about $523.5 million.
• Yum! Brands reported an EPS of $1.44 for the last quarter, missing analysts' expectations, with revenue of $1.93 billion up 9.6% year-over-year.
• Wall Street analysts have mixed ratings on Yum! Brands, with 10 buy ratings and 13 hold ratings, while the average price target stands at $161.23.

Northern Trust Corp reduced its stake in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 6.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,326,664 shares of the restaurant operator's stock after selling 219,208 shares during the period. Northern Trust Corp owned approximately 1.19% of Yum! Brands worth $523,484,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Greykasell Wealth Strategies Inc. bought a new stake in shares of Yum! Brands in the first quarter valued at approximately $25,000. Manchester Capital Management LLC boosted its stake in shares of Yum! Brands by 78.0% in the first quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator's stock valued at $25,000 after buying an additional 71 shares during the period. Wayfinding Financial LLC bought a new stake in shares of Yum! Brands in the first quarter valued at approximately $32,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Yum! Brands in the first quarter valued at approximately $38,000. Finally, MorganRosel Wealth Management LLC acquired a new stake in shares of Yum! Brands during the 1st quarter worth approximately $41,000. 82.37% of the stock is currently owned by institutional investors.

Insider Transactions at Yum! Brands

In other news, COO Tracy L. Skeans sold 12,220 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $148.24, for a total transaction of $1,811,492.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Weir Mirian M. Graddick sold 2,038 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $145.30, for a total value of $296,121.40. Following the transaction, the director owned 1,233 shares of the company's stock, valued at $179,154.90. This trade represents a 62.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,284 shares of company stock worth $4,310,663. 0.33% of the stock is owned by corporate insiders.

Yum! Brands Stock Performance

Shares of Yum! Brands stock traded down $0.2870 on Friday, hitting $147.7230. The stock had a trading volume of 1,995,333 shares, compared to its average volume of 2,270,952. The stock has a 50 day moving average of $146.12 and a 200 day moving average of $148.05. Yum! Brands, Inc. has a twelve month low of $122.13 and a twelve month high of $163.30. The firm has a market capitalization of $41.00 billion, a P/E ratio of 29.14, a PEG ratio of 2.31 and a beta of 0.73.

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

Yum! Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be paid a $0.71 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.84 annualized dividend and a dividend yield of 1.9%. Yum! Brands's dividend payout ratio is currently 56.02%.

Analysts Set New Price Targets

Several research firms recently issued reports on YUM. JPMorgan Chase & Co. reduced their price target on shares of Yum! Brands from $162.00 to $160.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 6th. Sanford C. Bernstein set a $164.00 price target on shares of Yum! Brands in a research report on Tuesday, August 5th. Oppenheimer reiterated an "outperform" rating and set a $185.00 price target on shares of Yum! Brands in a research report on Monday, April 28th. Wells Fargo & Company reduced their price target on shares of Yum! Brands from $160.00 to $155.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 6th. Finally, Piper Sandler increased their price target on shares of Yum! Brands from $150.00 to $155.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Ten research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $161.23.

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.