TD Asset Management Inc Decreases Stake in Yum! Brands, Inc. $YUM

Key Points

• TD Asset Management Inc reduced its stake in Yum! Brands by 10.3% in the second quarter, owning 1,752,761 shares worth approximately $259.7 million after selling 201,384 shares.
• Yum! Brands' latest earnings report showed EPS of $1.44, which fell short of analysts' expectations, and the company reported revenue of $1.93 billion, a 9.6% increase from the previous year.
• The company's stock price has seen a decline recently, with a current share price of $140.41 and a year range between $122.13 and $163.30.

TD Asset Management Inc cut its holdings in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 10.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,752,761 shares of the restaurant operator's stock after selling 201,384 shares during the quarter. TD Asset Management Inc owned 0.63% of Yum! Brands worth $259,724,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Cornerstone Wealth Group LLC grew its holdings in shares of Yum! Brands by 15.7% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 2,513 shares of the restaurant operator's stock worth $372,000 after acquiring an additional 341 shares during the period. NorthRock Partners LLC purchased a new stake in Yum! Brands during the second quarter worth $211,000. Envestnet Portfolio Solutions Inc. boosted its position in Yum! Brands by 3.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 8,729 shares of the restaurant operator's stock worth $1,294,000 after purchasing an additional 329 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in Yum! Brands by 24.0% during the second quarter. Sequoia Financial Advisors LLC now owns 17,140 shares of the restaurant operator's stock worth $2,540,000 after purchasing an additional 3,318 shares in the last quarter. Finally, Welch Group LLC boosted its position in Yum! Brands by 9.1% during the second quarter. Welch Group LLC now owns 5,398 shares of the restaurant operator's stock worth $800,000 after purchasing an additional 450 shares in the last quarter. 82.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

YUM has been the topic of a number of research analyst reports. TD Cowen decreased their target price on Yum! Brands from $158.00 to $156.00 and set a "hold" rating on the stock in a research report on Tuesday, August 5th. Wells Fargo & Company decreased their target price on 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. Barclays reiterated an "overweight" rating and set a $164.00 target price (down from $167.00) on shares of Yum! Brands in a research report on Tuesday, August 5th. Piper Sandler boosted their target price on Yum! Brands from $155.00 to $157.00 and gave the stock a "neutral" rating in a research report on Thursday, October 2nd. Finally, Evercore ISI cut their price target on Yum! Brands from $170.00 to $165.00 and set an "in-line" rating for the company in a report on Wednesday, August 6th. Eleven research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $161.48.

Yum! Brands Stock Down 0.9%

NYSE YUM opened at $140.41 on Tuesday. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $163.30. The stock has a market cap of $38.97 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 2.21 and a beta of 0.72. The business has a fifty day moving average of $146.90 and a 200-day moving average of $146.61.

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

Yum! Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.0%. The ex-dividend date was Tuesday, September 2nd. Yum! Brands's dividend payout ratio is presently 56.02%.

Insiders Place Their Bets

In related news, CEO Scott Mezvinsky sold 275 shares of the company's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $152.59, for a total value of $41,962.25. Following the completion of the transaction, the chief executive officer directly owned 1,755 shares in the company, valued at approximately $267,795.45. This represents a 13.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Weir Mirian M. Graddick sold 2,038 shares of the company's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $145.30, for a total value of $296,121.40. Following the completion of the transaction, the director owned 1,233 shares of the company's stock, valued at $179,154.90. The trade was 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 have sold 29,078 shares of company stock valued at $4,304,785. 0.33% of the stock is owned by company insiders.

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.

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