Allspring Global Investments Holdings LLC Cuts Stock Position in Yum! Brands, Inc. (NYSE:YUM)

Allspring Global Investments Holdings LLC cut its stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 67.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,900 shares of the restaurant operator's stock after selling 36,276 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Yum! Brands were worth $2,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in YUM. Fortitude Family Office LLC purchased a new position in shares of Yum! Brands in the fourth quarter worth $27,000. Bruce G. Allen Investments LLC purchased a new position in shares of Yum! Brands in the fourth quarter worth $34,000. Legacy Financial Group LLC purchased a new position in shares of Yum! Brands in the third quarter worth $40,000. DB Wealth Management Group LLC purchased a new position in shares of Yum! Brands in the third quarter worth $43,000. Finally, CVA Family Office LLC purchased a new position in shares of Yum! Brands in the fourth quarter worth $52,000. 82.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,078 shares of the company's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $138.37, for a total transaction of $979,382.86. Following the transaction, the chief executive officer now owns 172,128 shares in the company, valued at approximately $23,817,351.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Yum! Brands news, CEO David W. Gibbs sold 7,078 shares of the company's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $138.37, for a total transaction of $979,382.86. Following the transaction, the chief executive officer now owns 172,128 shares in the company, valued at approximately $23,817,351.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David Eric Russell sold 9,919 shares of the company's stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $129.63, for a total transaction of $1,285,799.97. Following the transaction, the vice president now owns 18,661 shares in the company, valued at approximately $2,419,025.43. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,064 shares of company stock worth $3,228,698. Company insiders own 0.31% of the company's stock.

Yum! Brands Price Performance

Yum! Brands stock traded up $0.56 during mid-day trading on Monday, reaching $139.06. The stock had a trading volume of 1,537,193 shares, compared to its average volume of 1,934,346. The company has a market capitalization of $39.15 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 2.19 and a beta of 1.10. The company has a 50-day moving average price of $137.22 and a two-hundred day moving average price of $130.27. Yum! Brands, Inc. has a one year low of $115.53 and a one year high of $143.24.

Yum! Brands (NYSE:YUM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.39 by ($0.13). The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.11 billion. Yum! Brands had a negative return on equity of 17.76% and a net margin of 22.57%. The business's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.31 EPS. On average, equities research analysts anticipate that Yum! Brands, Inc. will post 5.73 earnings per share for the current fiscal year.

Yum! Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Wednesday, February 21st were paid a dividend of $0.67 per share. The ex-dividend date was Tuesday, February 20th. This represents a $2.68 annualized dividend and a yield of 1.93%. This is a boost from Yum! Brands's previous quarterly dividend of $0.61. Yum! Brands's dividend payout ratio is currently 47.94%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Citigroup lifted their target price on shares of Yum! Brands from $164.00 to $166.00 and gave the stock a "buy" rating in a research note on Thursday, February 8th. Oppenheimer raised shares of Yum! Brands from a "market perform" rating to an "outperform" rating and set a $154.00 price objective on the stock in a research report on Friday, January 5th. Royal Bank of Canada reduced their price objective on shares of Yum! Brands from $145.00 to $141.00 and set a "sector perform" rating on the stock in a research report on Friday, February 9th. JPMorgan Chase & Co. boosted their price objective on shares of Yum! Brands from $133.00 to $134.00 and gave the company a "neutral" rating in a research report on Tuesday, March 19th. Finally, Guggenheim boosted their price objective on shares of Yum! Brands from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday, March 7th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $145.00.

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.