Yum! Brands, Inc. $YUM Stock Holdings Lessened by Knollwood Investment Advisory LLC

Key Points

• Knollwood Investment Advisory LLC reduced its stake in Yum! Brands by 47.5%, selling 8,000 shares and now holding 8,849 shares valued at approximately $1.39 million.
• Insider sales have occurred with CEO Scott Mezvinsky selling 263 shares and CEO David W. Gibbs selling 7,106 shares, indicating a decrease in their ownership by 13.03% and 6.46%, respectively.
• Yum! Brands reported quarterly earnings of $1.44 EPS, missing estimates, and its revenue reached $1.93 billion, up 9.6% year-over-year despite a negative return on equity of 21.01%.

Knollwood Investment Advisory LLC trimmed its stake in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 47.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,849 shares of the restaurant operator's stock after selling 8,000 shares during the quarter. Knollwood Investment Advisory LLC's holdings in Yum! Brands were worth $1,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in YUM. Greykasell Wealth Strategies Inc. bought a new position in Yum! Brands during the first quarter valued at approximately $25,000. Manchester Capital Management LLC raised its position in Yum! Brands by 78.0% during the first quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator's stock valued at $25,000 after acquiring an additional 71 shares in the last quarter. Wayfinding Financial LLC bought a new position in Yum! Brands during the first quarter valued at approximately $32,000. Financial Gravity Asset Management Inc. bought a new position in Yum! Brands during the first quarter valued at approximately $38,000. Finally, MorganRosel Wealth Management LLC bought a new position in Yum! Brands during the first quarter valued at approximately $41,000. 82.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, CEO Scott Mezvinsky sold 263 shares of Yum! Brands stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $139.92, for a total transaction of $36,798.96. Following the sale, the chief executive officer owned 1,755 shares in the company, valued at $245,559.60. The trade was a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David W. Gibbs sold 7,106 shares of Yum! Brands stock in a transaction on Friday, August 15th. The stock was sold at an average price of $146.84, for a total transaction of $1,043,445.04. Following the sale, the chief executive officer owned 102,893 shares in the company, valued at $15,108,808.12. This represents a 6.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,284 shares of company stock worth $4,310,663 over the last three months. 0.33% of the stock is currently owned by corporate insiders.

Yum! Brands Price Performance

YUM opened at $151.9950 on Wednesday. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $163.30. The firm's fifty day moving average price is $145.84 and its two-hundred day moving average price is $147.81. The company has a market capitalization of $42.18 billion, a P/E ratio of 29.98, a P/E/G ratio of 2.33 and a beta of 0.73.

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on YUM shares. Morgan Stanley cut their price objective on shares of Yum! Brands from $153.00 to $151.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 6th. TD Securities reaffirmed a "hold" rating and set a $158.00 price objective on shares of Yum! Brands in a research report on Wednesday, April 30th. Evercore ISI cut their price objective on shares of Yum! Brands from $170.00 to $165.00 and set an "in-line" rating on the stock in a research report on Wednesday, August 6th. Piper Sandler raised their price objective on shares of Yum! Brands from $150.00 to $155.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Finally, TD Cowen lowered their price target on Yum! Brands from $158.00 to $156.00 and set a "hold" rating on the stock in a report on Tuesday, August 5th. Ten research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, Yum! Brands presently has an average rating of "Hold" and an average price target of $161.23.

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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