US Bancorp DE Has $15.96 Million Position in Yum! Brands, Inc. (NYSE:YUM)

Key Points

• US Bancorp DE sold 4,897 shares of Yum! Brands, reducing its holdings by 4.6%, now owning 101,444 shares valued at approximately $15.96 million.
• Yum! Brands recently declared a quarterly dividend of $0.71, representing an annualized yield of 1.9% and a payout ratio of 56.57%.
• Thirteen analysts maintain a hold rating on Yum! Brands, while ten suggest a buy, with the consensus target price set at $159.95.

US Bancorp DE lessened its position in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 4.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,444 shares of the restaurant operator's stock after selling 4,897 shares during the period. US Bancorp DE's holdings in Yum! Brands were worth $15,964,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in YUM. Wealth Enhancement Advisory Services LLC raised its stake in 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 worth $24,657,000 after buying an additional 94,355 shares during the period. CWA Asset Management Group LLC acquired a new position in Yum! Brands during the first quarter worth $270,000. Sowell Financial Services LLC bought a new position in shares of Yum! Brands in the first quarter valued at $939,000. First National Bank Sioux Falls acquired a new position in shares of Yum! Brands during the first quarter valued at about $283,000. Finally, Principal Financial Group Inc. increased its position in shares of Yum! Brands by 1.9% during the first quarter. Principal Financial Group Inc. now owns 353,103 shares of the restaurant operator's stock worth $55,564,000 after acquiring an additional 6,673 shares in the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on YUM shares. TD Securities reaffirmed a "hold" rating and issued a $158.00 price objective on shares of Yum! Brands in a research report on Wednesday, April 30th. Melius assumed coverage on shares of Yum! Brands in a report on Monday, July 14th. They set a "buy" rating and a $200.00 target price on the stock. Barclays cut their price objective on Yum! Brands from $167.00 to $164.00 and set an "overweight" rating on the stock in a research report on Tuesday. Evercore ISI boosted their target price on Yum! Brands from $160.00 to $170.00 and gave the stock an "in-line" rating in a report on Thursday, May 1st. Finally, Oppenheimer restated an "outperform" rating and issued a $185.00 target price on shares of Yum! Brands in a report on Monday, April 28th. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $159.82.

Yum! Brands Price Performance

Shares of NYSE YUM traded down $7.30 during trading hours on Tuesday, hitting $139.70. 5,141,601 shares of the company's stock were exchanged, compared to its average volume of 1,788,242. The company's 50-day moving average price is $145.69 and its 200-day moving average price is $146.70. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30. The stock has a market capitalization of $38.83 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 2.14 and a beta of 0.73.

Yum! Brands (NYSE:YUM - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The restaurant operator reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.02). Yum! Brands had a negative return on equity of 20.80% and a net margin of 18.42%. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the business posted $1.35 EPS. Yum! Brands's revenue for the quarter was up 9.6% compared to the same quarter last year. On average, research analysts expect that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Yum! Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Tuesday, May 27th were issued a dividend of $0.71 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $2.84 dividend on an annualized basis and a yield of 2.0%. Yum! Brands's dividend payout ratio is currently 56.57%.

Insider Transactions at Yum! Brands

In other Yum! Brands news, CEO Scott Mezvinsky sold 272 shares of the firm's 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David W. Gibbs sold 7,117 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $146.60, for a total transaction of $1,043,352.20. Following the sale, the chief executive officer owned 102,893 shares of the company's stock, valued at $15,084,113.80. The trade was a 6.47% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,720 shares of company stock worth $2,150,965. Insiders own 0.33% of the company's stock.

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.