Rossmore Private Capital Sells 1,999 Shares of Yum! Brands, Inc. (NYSE:YUM)

Key Points

• Rossmore Private Capital reduced its stake in Yum! Brands by 43.7% in the first quarter, owning 2,580 shares valued at approximately $406,000 after selling 1,999 shares.
• Yum! Brands reported a quarterly EPS of $1.44, missing analyst expectations, with revenues of $1.93 billion, up 9.6% compared to the previous year.
• The company declared a quarterly dividend of $0.71, translating to an annualized yield of 2.0% with a dividend payout ratio of 56.02%.

Rossmore Private Capital decreased its position in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 43.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,580 shares of the restaurant operator's stock after selling 1,999 shares during the period. Rossmore Private Capital's holdings in Yum! Brands were worth $406,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Yum! Brands by 1.4% in the first quarter. Vanguard Group Inc. now owns 34,109,219 shares of the restaurant operator's stock valued at $5,367,427,000 after purchasing an additional 483,918 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Yum! Brands by 20.4% in the fourth quarter. Northern Trust Corp now owns 3,545,872 shares of the restaurant operator's stock valued at $475,714,000 after purchasing an additional 601,361 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Yum! Brands by 14.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,045,475 shares of the restaurant operator's stock valued at $274,421,000 after buying an additional 258,369 shares during the last quarter. TD Asset Management Inc raised its position in shares of Yum! Brands by 1.4% in the first quarter. TD Asset Management Inc now owns 1,954,145 shares of the restaurant operator's stock valued at $307,504,000 after buying an additional 27,355 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Yum! Brands by 1.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,700,298 shares of the restaurant operator's stock worth $267,559,000 after purchasing an additional 23,008 shares during the last quarter. Hedge funds and other institutional investors own 82.37% of the company's stock.

Insider Activity

In related news, CEO Scott Mezvinsky sold 263 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $139.92, for a total value of $36,798.96. Following the completion of the transaction, the chief executive officer directly owned 1,755 shares in the company, valued at approximately $245,559.60. The trade was a 13.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David W. Gibbs sold 7,117 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $146.60, for a total value of $1,043,352.20. Following the completion of the transaction, the chief executive officer owned 102,893 shares of the company's stock, valued at $15,084,113.80. This represents a 6.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,958 shares of company stock valued at $1,455,725 in the last ninety days. 0.33% of the stock is owned by insiders.

Yum! Brands Price Performance

Shares of Yum! Brands stock traded up $1.42 during midday trading on Friday, hitting $148.19. The company had a trading volume of 2,604,273 shares, compared to its average volume of 2,118,243. The business's 50 day simple moving average is $145.55 and its two-hundred day simple moving average is $147.40. The stock has a market cap of $41.13 billion, a PE ratio of 29.23, a P/E/G ratio of 2.29 and a beta of 0.73. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30.

Yum! Brands (NYSE:YUM - Get Free Report) last issued its earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.02). The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The firm's revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.35 EPS. On average, sell-side analysts expect that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Piper Sandler boosted their price objective on shares of Yum! Brands from $150.00 to $155.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Morgan Stanley dropped their target price on shares of Yum! Brands from $153.00 to $151.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. Oppenheimer reiterated an "outperform" rating and issued a $185.00 target price on shares of Yum! Brands in a research report on Monday, April 28th. Guggenheim restated a "buy" rating and set a $167.00 price objective (up previously from $165.00) on shares of Yum! Brands in a research report on Monday, August 4th. Finally, TD Cowen decreased their target price on shares of Yum! Brands from $158.00 to $156.00 and set a "hold" rating for the company in a report on Tuesday, August 5th. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $161.23.

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.