Lbp Am Sa Increases Holdings in Yum! Brands, Inc. (NYSE:YUM)

LBP AM SA lifted its stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 30.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,415 shares of the restaurant operator's stock after buying an additional 4,534 shares during the quarter. LBP AM SA's holdings in Yum! Brands were worth $3,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its holdings 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 worth $24,657,000 after acquiring an additional 94,355 shares during the period. CWA Asset Management Group LLC purchased a new stake in Yum! Brands in the first quarter worth $270,000. Sowell Financial Services LLC purchased a new stake in Yum! Brands in the first quarter worth $939,000. First National Bank Sioux Falls purchased a new stake in shares of Yum! Brands in the 1st quarter worth about $283,000. Finally, Gotham Asset Management LLC grew its position in shares of Yum! Brands by 54.2% in the 4th quarter. Gotham Asset Management LLC now owns 140,412 shares of the restaurant operator's stock worth $18,838,000 after buying an additional 49,362 shares during the period. Hedge funds and other institutional investors own 82.37% of the company's stock.

Insider Buying and Selling

In other news, CEO Scott Mezvinsky sold 272 shares of Yum! Brands stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $148.28, for a total transaction of $40,332.16. Following the transaction, the chief executive officer owned 1,755 shares in the company, valued at $260,231.40. This trade represents a 13.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David W. Gibbs sold 7,063 shares of Yum! Brands stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $145.57, for a total value of $1,028,160.91. Following the transaction, the chief executive officer owned 157,893 shares in the company, valued at $22,984,484.01. This trade represents a 4.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,742 shares of company stock worth $1,861,504. 0.33% of the stock is currently owned by insiders.

Yum! Brands Stock Performance

Shares of YUM stock traded down $2.54 on Friday, reaching $149.81. The stock had a trading volume of 1,757,969 shares, compared to its average volume of 1,997,680. The stock has a market cap of $41.64 billion, a P/E ratio of 29.84, a price-to-earnings-growth ratio of 2.29 and a beta of 0.74. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30. The company has a 50 day simple moving average of $145.87 and a 200 day simple moving average of $144.54.

Yum! Brands (NYSE:YUM - Get Free Report) last announced 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. The business had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.85 billion. Yum! Brands had a negative return on equity of 20.80% and a net margin of 18.42%. The business's revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the firm posted $1.15 earnings per share. On average, equities research analysts anticipate that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Tuesday, May 27th were issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Tuesday, May 27th. Yum! Brands's payout ratio is 56.57%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on YUM shares. TD Securities reaffirmed a "hold" rating and issued a $158.00 target price on shares of Yum! Brands in a research report on Wednesday, April 30th. Guggenheim upped their price objective on shares of Yum! Brands from $155.00 to $165.00 and gave the stock a "buy" rating in a report on Tuesday, April 8th. Evercore ISI upped their price target on Yum! Brands from $160.00 to $170.00 and gave the stock an "in-line" rating in a research note on Thursday, May 1st. Piper Sandler upped their price target on Yum! Brands from $150.00 to $155.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Finally, Oppenheimer reissued an "outperform" rating and issued a $185.00 target price on shares of Yum! Brands in a research note on Monday, April 28th. Thirteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Yum! Brands 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.