Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. reduced its position in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 18.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,400 shares of the restaurant operator's stock after selling 1,893 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Yum! Brands were worth $1,322,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in YUM. Bank of New York Mellon Corp grew its holdings in shares of Yum! Brands by 4.2% during the fourth quarter. Bank of New York Mellon Corp now owns 2,355,367 shares of the restaurant operator's stock worth $315,996,000 after buying an additional 94,026 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake 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 valued at $24,657,000 after buying an additional 94,355 shares during the period. CWA Asset Management Group LLC purchased a new stake in shares of Yum! Brands during the 1st quarter valued at $270,000. First National Bank Sioux Falls purchased a new stake in shares of Yum! Brands during the 1st quarter valued at $283,000. Finally, Sowell Financial Services LLC purchased a new stake in shares of Yum! Brands during the 1st quarter valued at $939,000. 82.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

YUM has been the topic of a number of recent analyst reports. Piper Sandler upped their target price on shares of Yum! Brands from $150.00 to $155.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Barclays increased their target price on shares of Yum! Brands from $163.00 to $167.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Robert W. Baird cut their target price on shares of Yum! Brands from $176.00 to $174.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. Cowen restated a "hold" rating on shares of Yum! Brands in a report on Wednesday, March 5th. Finally, Citigroup lifted their target price on shares of Yum! Brands from $148.00 to $151.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Fourteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $158.24.

Insider Activity

In other Yum! Brands news, CEO Scott Mezvinsky sold 268 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $145.97, for a total transaction of $39,119.96. Following the completion of the sale, the chief executive officer now directly owns 1,755 shares in the company, valued at $256,177.35. The trade was a 13.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David W. Gibbs sold 5,139 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $146.70, for a total value of $753,891.30. Following the transaction, the chief executive officer now owns 157,893 shares of the company's stock, valued at approximately $23,162,903.10. This trade represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,470 shares of company stock worth $1,821,172 over the last three months. 0.33% of the stock is currently owned by corporate insiders.

Yum! Brands Trading Up 1.0%

Shares of NYSE YUM opened at $142.75 on Wednesday. The firm has a market capitalization of $39.68 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 2.12 and a beta of 0.74. The business has a 50-day moving average of $144.96 and a 200-day moving average of $143.41. 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 data on Wednesday, April 30th. The restaurant operator reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.01. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.15 earnings per share. On average, analysts predict that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Yum! Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders 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 annualized dividend and a dividend yield of 1.99%. Yum! Brands's payout ratio 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.

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