Victory Capital Management Inc. Has $28.37 Million Holdings in Yum! Brands, Inc. (NYSE:YUM)

Victory Capital Management Inc. cut its holdings in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 180,312 shares of the restaurant operator's stock after selling 9,846 shares during the period. Victory Capital Management Inc. owned approximately 0.06% of Yum! Brands worth $28,374,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. WealthTrak Capital Management LLC purchased a new stake in shares of Yum! Brands in the fourth quarter worth approximately $25,000. Wayfinding Financial LLC bought a new stake in shares of Yum! Brands in the first quarter valued at approximately $32,000. Itau Unibanco Holding S.A. lifted its stake in shares of Yum! Brands by 436.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 279 shares of the restaurant operator's stock valued at $37,000 after buying an additional 227 shares during the period. Financial Gravity Asset Management Inc. acquired a new stake in shares of Yum! Brands during the 1st quarter worth approximately $38,000. Finally, LGT Financial Advisors LLC acquired a new position in shares of Yum! Brands in the 4th quarter valued at $41,000. Institutional investors and hedge funds own 82.37% of the company's stock.

Insider Activity at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,117 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $146.60, for a total value of $1,043,352.20. Following the transaction, the chief executive officer directly owned 102,893 shares of the company's stock, valued at $15,084,113.80. This represents a 6.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Scott Mezvinsky sold 272 shares of Yum! Brands stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $148.28, for a total value of $40,332.16. Following the sale, the chief executive officer directly owned 1,755 shares of the company's stock, valued at $260,231.40. This represents a 13.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,720 shares of company stock valued at $2,150,965 over the last 90 days. Company insiders own 0.33% of the company's stock.

Analyst Ratings Changes

YUM has been the topic of a number of analyst reports. Guggenheim upped their price target on Yum! Brands from $155.00 to $165.00 and gave the company a "buy" rating in a research report on Tuesday, April 8th. Robert W. Baird dropped their target price on Yum! Brands from $176.00 to $174.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. Piper Sandler lifted their target price on shares of Yum! Brands from $150.00 to $155.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Oppenheimer reissued an "outperform" rating and set a $185.00 price objective on shares of Yum! Brands in a research note on Monday, April 28th. Finally, Redburn Atlantic upgraded Yum! Brands from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $145.00 to $177.00 in a research report on Tuesday, June 10th. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Yum! Brands has a consensus rating of "Hold" and a consensus target price of $159.86.

Yum! Brands Trading Down 1.2%

Shares of YUM traded down $1.81 during mid-day trading on Thursday, reaching $145.98. The company's stock had a trading volume of 1,488,976 shares, compared to its average volume of 1,765,254. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30. The business has a 50-day simple moving average of $145.87 and a two-hundred day simple moving average of $145.45. The stock has a market cap of $40.58 billion, a P/E ratio of 29.08, a PEG ratio of 2.15 and a beta of 0.74.

Yum! Brands (NYSE:YUM - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $1.30 EPS for the quarter, beating the consensus estimate of $1.29 by $0.01. The firm 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 quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.15 earnings per share. Research analysts anticipate that Yum! Brands, Inc. will post 5.94 EPS 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 given a dividend of $0.71 per share. The ex-dividend date was Tuesday, May 27th. This represents a $2.84 annualized dividend and a yield of 1.95%. Yum! Brands's dividend payout ratio (DPR) is presently 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.