Tidal Investments LLC Has $6.03 Million Holdings in Yum! Brands, Inc. (NYSE:YUM)

Tidal Investments LLC lessened its position in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,959 shares of the restaurant operator's stock after selling 2,645 shares during the period. Tidal Investments LLC's holdings in Yum! Brands were worth $6,032,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of YUM. Bank of New York Mellon Corp grew its holdings in shares of Yum! Brands by 4.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,355,367 shares of the restaurant operator's stock valued at $315,996,000 after buying an additional 94,026 shares during the period. Cantillon Capital Management LLC lifted its holdings in Yum! Brands by 31.7% during the fourth quarter. Cantillon Capital Management LLC now owns 1,880,379 shares of the restaurant operator's stock worth $252,272,000 after acquiring an additional 452,339 shares in the last quarter. DJE Kapital AG acquired a new position in Yum! Brands in the fourth quarter valued at about $3,306,000. Forsta AP Fonden grew its stake in Yum! Brands by 5.3% in the fourth quarter. Forsta AP Fonden now owns 110,500 shares of the restaurant operator's stock valued at $14,825,000 after acquiring an additional 5,600 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Yum! Brands by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,677,290 shares of the restaurant operator's stock worth $225,025,000 after acquiring an additional 44,428 shares in the last quarter. Institutional investors own 82.37% of the company's stock.

Yum! Brands Trading Down 0.0%

Shares of Yum! Brands stock traded down $0.03 on Friday, reaching $145.47. 1,062,931 shares of the company were exchanged, compared to its average volume of 2,007,225. The company has a market capitalization of $40.44 billion, a price-to-earnings ratio of 27.87, a PEG ratio of 2.31 and a beta of 0.77. Yum! Brands, Inc. has a one year low of $122.13 and a one year high of $163.30. The company has a 50-day moving average of $149.16 and a 200 day moving average of $142.33.

Yum! Brands (NYSE:YUM - Get Free Report) last issued its earnings results on Wednesday, April 30th. The restaurant operator reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.01. The business 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 19.68% and a negative return on equity of 20.33%. The firm's revenue for the quarter 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. Analysts predict that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Yum! Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 27th will be issued a $0.71 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.95%. Yum! Brands's payout ratio is 56.57%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Guggenheim boosted their price objective on Yum! Brands from $155.00 to $165.00 and gave the company a "buy" rating in a research report on Tuesday, April 8th. Wells Fargo & Company lifted their price target on shares of Yum! Brands from $145.00 to $160.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 5th. Evercore ISI increased their price objective on shares of Yum! Brands from $160.00 to $170.00 and gave the stock an "in-line" rating in a research report on Thursday, May 1st. Piper Sandler raised their price objective 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, TD Cowen reaffirmed a "hold" rating and issued a $140.00 price objective on shares of Yum! Brands in a research report on Thursday, February 6th. Sixteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Yum! Brands presently has an average rating of "Hold" and a consensus target price of $156.70.

Insider Activity

In related news, VP David Eric Russell sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $158.66, for a total transaction of $793,300.00. Following the transaction, the vice president now directly owns 11,960 shares of the company's stock, valued at approximately $1,897,573.60. The trade was a 29.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Tracy L. Skeans sold 8,638 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $158.36, for a total value of $1,367,913.68. Following the completion of the sale, the chief operating officer now owns 2,970 shares in the company, valued at approximately $470,329.20. This trade represents a 74.41% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 62,334 shares of company stock valued at $9,734,737. 0.33% of the stock is owned by company insiders.

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.