Yum! Brands, Inc. (NYSE:YUM) Shares Sold by one8zero8 LLC

Key Points

• one8zero8 LLC sold 7,200 shares of Yum! Brands in the 1st quarter, reducing its stake by 83.8%, leaving them with 1,392 shares valued at approximately $219,000.
• Analysts have set an average price target of $159.86 for Yum! Brands, with ratings ranging from holds to buys; Oppenheimer has set a target of $185.00.
• Yum! Brands announced a quarterly dividend of $0.71, translating to an annualized dividend of $2.84 and a yield of 1.93%.

one8zero8 LLC lowered its stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 83.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,392 shares of the restaurant operator's stock after selling 7,200 shares during the quarter. one8zero8 LLC's holdings in Yum! Brands were worth $219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in Yum! Brands by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 7,604,632 shares of the restaurant operator's stock worth $1,021,194,000 after acquiring an additional 163,462 shares in the last quarter. Northern Trust Corp boosted its stake in Yum! Brands by 20.4% during the fourth quarter. Northern Trust Corp now owns 3,545,872 shares of the restaurant operator's stock worth $475,714,000 after acquiring an additional 601,361 shares in the last quarter. FMR LLC boosted its stake in Yum! Brands by 1.0% during the fourth quarter. FMR LLC now owns 2,521,583 shares of the restaurant operator's stock worth $338,296,000 after acquiring an additional 24,681 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Yum! Brands by 12.0% in the fourth quarter. Invesco Ltd. now owns 2,284,171 shares of the restaurant operator's stock worth $306,444,000 after buying an additional 244,264 shares in the last quarter. Finally, Magellan Asset Management Ltd lifted its stake in shares of Yum! Brands by 6.2% in the fourth quarter. Magellan Asset Management Ltd now owns 2,064,738 shares of the restaurant operator's stock worth $277,005,000 after buying an additional 120,434 shares in the last quarter. Hedge funds and other institutional investors own 82.37% of the company's stock.

Yum! Brands Stock Down 0.8%

YUM stock traded down $1.19 during trading on Thursday, hitting $145.80. The company had a trading volume of 1,033,270 shares, compared to its average volume of 2,118,045. The firm has a market capitalization of $40.53 billion, a P/E ratio of 29.04, a PEG ratio of 2.11 and a beta of 0.74. The company has a 50 day simple moving average of $145.68 and a 200-day simple moving average of $145.98. 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 earnings results on Wednesday, April 30th. The restaurant operator reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.01. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.85 billion. Yum! Brands had a net margin of 18.42% and a negative return on equity of 20.80%. The company's revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.15 EPS. Sell-side analysts forecast that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Yum! Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 27th were given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Tuesday, May 27th. Yum! Brands's payout ratio is currently 56.57%.

Insider Buying and Selling

In other news, CEO Scott Mezvinsky sold 272 shares of Yum! Brands stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $148.28, for a total value of $40,332.16. Following the transaction, the chief executive officer owned 1,755 shares of the company's stock, valued at $260,231.40. The trade was a 13.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David W. Gibbs sold 7,117 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $146.60, for a total transaction of $1,043,352.20. Following the sale, the chief executive officer directly owned 102,893 shares in the company, valued at approximately $15,084,113.80. This represents a 6.47% 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.

Wall Street Analysts Forecast Growth

YUM has been the topic of several analyst reports. Guggenheim upped their target price on shares of Yum! Brands from $155.00 to $165.00 and gave the stock a "buy" rating in a research note on Tuesday, April 8th. Barclays increased their price objective on shares of Yum! Brands from $163.00 to $167.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Citigroup increased their price objective on shares of Yum! Brands from $148.00 to $151.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Piper Sandler upped their target price 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. Finally, Morgan Stanley upped their target price on shares of Yum! Brands from $151.00 to $153.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $159.86.

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.