Pathway Financial Advisors LLC Reduces Position in Yum! Brands, Inc. (NYSE:YUM)

Pathway Financial Advisors LLC decreased its position in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 63.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,200 shares of the restaurant operator's stock after selling 3,800 shares during the quarter. Pathway Financial Advisors LLC's holdings in Yum! Brands were worth $346,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Yum! Brands by 2.2% during the 4th 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 during the last quarter. Northern Trust Corp grew its holdings in Yum! Brands by 20.4% during the 4th 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 during the last quarter. Norges Bank bought a new stake in Yum! Brands during the 4th quarter worth about $418,692,000. FMR LLC grew its holdings in Yum! Brands by 1.0% during the 4th 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 during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Yum! Brands by 4.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,355,367 shares of the restaurant operator's stock worth $315,996,000 after acquiring an additional 94,026 shares during the last quarter. Institutional investors own 82.37% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Piper Sandler raised their target price on shares of Yum! Brands from $150.00 to $155.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Stifel Nicolaus lifted their price target on shares of Yum! Brands from $130.00 to $148.00 and gave the company a "hold" rating in a research note on Friday, February 28th. Cowen reiterated a "hold" rating on shares of Yum! Brands in a report on Wednesday, March 5th. TD Securities reiterated a "hold" rating and issued a $158.00 price objective on shares of Yum! Brands in a report on Wednesday, April 30th. Finally, The Goldman Sachs Group upgraded shares of Yum! Brands from a "neutral" rating to a "buy" rating and set a $167.00 target price on the stock in a report on Wednesday, June 4th. Fourteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $158.24.

Insider Buying and Selling

In related news, CEO Scott Mezvinsky sold 268 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $145.97, for a total value of $39,119.96. Following the transaction, the chief executive officer now directly owns 1,755 shares of the company's stock, valued at approximately $256,177.35. The trade was a 13.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David W. Gibbs sold 5,293 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $154.24, for a total transaction of $816,392.32. Following the completion of the transaction, the chief executive officer now directly owns 157,893 shares in the company, valued at $24,353,416.32. This trade represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,763 shares of company stock valued at $2,637,564. 0.33% of the stock is owned by insiders.

Yum! Brands Stock Down 0.1%

YUM stock traded down $0.09 during midday trading on Friday, reaching $143.88. 1,180,160 shares of the company's stock traded hands, compared to its average volume of 2,011,916. The company has a market cap of $39.99 billion, a price-to-earnings ratio of 27.56, a P/E/G ratio of 2.31 and a beta of 0.74. The firm's fifty day moving average price is $145.61 and its 200-day moving average price is $143.29. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.01. Yum! Brands had a net margin of 19.68% and a negative return on equity of 20.33%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the business posted $1.15 EPS. The business's revenue was up 11.8% compared to the same quarter last year. Analysts forecast 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, June 6th. Stockholders of record on Tuesday, May 27th were paid a $0.71 dividend. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $2.84 annualized dividend and a dividend yield of 1.97%. Yum! Brands's payout ratio is 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.