Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. decreased its holdings in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 5.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,455 shares of the restaurant operator's stock after selling 1,717 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Yum! Brands were worth $4,478,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in YUM. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Yum! Brands during the fourth quarter worth about $25,000. WealthTrak Capital Management LLC purchased a new position in Yum! Brands during the fourth quarter worth about $25,000. Halbert Hargrove Global Advisors LLC purchased a new position in Yum! Brands during the fourth quarter worth about $33,000. Itau Unibanco Holding S.A. raised its holdings in Yum! Brands by 436.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 279 shares of the restaurant operator's stock worth $37,000 after purchasing an additional 227 shares in the last quarter. Finally, LGT Financial Advisors LLC purchased a new position in Yum! Brands during the fourth quarter worth about $41,000. Institutional investors and hedge funds own 82.37% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Robert W. Baird cut their price target on shares of Yum! Brands from $176.00 to $174.00 and set an "outperform" rating for the company in a report on Monday, April 7th. Oppenheimer reissued an "outperform" rating and set a $185.00 price target on shares of Yum! Brands in a report on Monday, April 28th. Guggenheim increased their price target 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. Piper Sandler increased their price target 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. Finally, Wells Fargo & Company increased their price target on shares of Yum! Brands from $145.00 to $160.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 5th. Thirteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Yum! Brands currently has a consensus rating of "Hold" and an average price target of $157.86.

Insider Buying and Selling

In related news, CEO Scott Mezvinsky sold 268 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $145.97, for a total transaction of $39,119.96. Following the sale, the chief executive officer now owns 1,755 shares in the company, valued at approximately $256,177.35. This trade represents a 13.25% 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 this hyperlink. Also, CEO David W. Gibbs sold 5,139 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $146.70, for a total transaction of $753,891.30. Following the sale, the chief executive officer now owns 157,893 shares in the company, valued at approximately $23,162,903.10. This trade represents a 3.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,470 shares of company stock worth $1,821,172. 0.33% of the stock is owned by insiders.

Yum! Brands Price Performance

YUM stock opened at $148.51 on Friday. The company's 50 day simple moving average is $145.24 and its 200-day simple moving average is $143.60. The firm has a market capitalization of $41.28 billion, a PE ratio of 29.58, a P/E/G ratio of 2.23 and a beta of 0.74. Yum! Brands, Inc. has a 12 month low of $122.13 and a 12 month high of $163.30.

Yum! Brands (NYSE:YUM - Get Free Report) last released its quarterly earnings results 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 business had revenue of $1.79 billion for the quarter, compared to analyst estimates 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 prior year, the business earned $1.15 earnings per share. As a group, sell-side analysts anticipate that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Yum! Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Tuesday, May 27th were given 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 1.91%. Yum! Brands's dividend payout ratio (DPR) is currently 56.57%.

About Yum! Brands

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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