Stratos Wealth Advisors LLC Sells 2,807 Shares of Yum! Brands, Inc. (NYSE:YUM)

Stratos Wealth Advisors LLC lowered its stake in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 9.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,016 shares of the restaurant operator's stock after selling 2,807 shares during the quarter. Stratos Wealth Advisors LLC's holdings in Yum! Brands were worth $4,251,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Yum! Brands by 151.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 156,690 shares of the restaurant operator's stock valued at $24,657,000 after purchasing an additional 94,355 shares in the last quarter. CWA Asset Management Group LLC bought a new position in Yum! Brands in the first quarter worth approximately $270,000. First National Bank Sioux Falls bought a new position in Yum! Brands in the first quarter worth approximately $283,000. Sowell Financial Services LLC bought a new position in Yum! Brands in the first quarter worth approximately $939,000. Finally, Gotham Asset Management LLC boosted its holdings in Yum! Brands by 54.2% in the fourth quarter. Gotham Asset Management LLC now owns 140,412 shares of the restaurant operator's stock worth $18,838,000 after acquiring an additional 49,362 shares in the last quarter. Institutional investors and hedge funds own 82.37% of the company's stock.

Insider Activity

In other news, CEO David W. Gibbs sold 7,063 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $145.57, for a total value of $1,028,160.91. Following the completion of the sale, the chief executive officer owned 157,893 shares of the company's stock, valued at approximately $22,984,484.01. The trade was a 4.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Scott Mezvinsky sold 272 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $148.28, for a total value of $40,332.16. Following the completion of the sale, the chief executive officer directly 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. In the last ninety days, insiders sold 12,742 shares of company stock worth $1,861,504. Insiders own 0.33% of the company's stock.

Yum! Brands Stock Performance

NYSE:YUM traded up $0.24 during trading hours on Tuesday, reaching $150.60. The stock had a trading volume of 1,677,367 shares, compared to its average volume of 2,002,613. The stock has a 50 day simple moving average of $145.73 and a 200 day simple moving average of $144.32. Yum! Brands, Inc. has a 12-month low of $122.13 and a 12-month high of $163.30. The stock has a market cap of $41.86 billion, a P/E ratio of 30.00, a price-to-earnings-growth ratio of 2.25 and a beta of 0.74.

Yum! Brands (NYSE:YUM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.01. Yum! Brands had a negative return on equity of 20.80% and a net margin of 18.42%. The company had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.85 billion. During the same period in the previous year, the business earned $1.15 earnings per share. The firm's quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities analysts expect that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Tuesday, May 27th were issued 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 1.89%. Yum! Brands's payout ratio is currently 56.57%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on YUM. Piper Sandler increased their price target on Yum! Brands from $150.00 to $155.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Redburn Atlantic upgraded Yum! Brands from a "neutral" rating to a "buy" rating and increased their price target for the stock from $145.00 to $177.00 in a report on Tuesday, June 10th. Barclays raised their target price on Yum! Brands from $163.00 to $167.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Robert W. Baird dropped their target price on Yum! Brands from $176.00 to $174.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Finally, TD Securities restated a "hold" rating and issued a $158.00 target price on shares of Yum! Brands in a report on Wednesday, April 30th. Thirteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Yum! Brands currently has a consensus rating of "Hold" and an average price target of $157.86.

Yum! Brands 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.