Schonfeld Strategic Advisors LLC Reduces Position in Yum! Brands, Inc. (NYSE:YUM)

Schonfeld Strategic Advisors LLC decreased its holdings in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 75.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,656 shares of the restaurant operator's stock after selling 27,146 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Yum! Brands were worth $1,161,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of Yum! Brands during the 4th quarter valued at $418,692,000. Northern Trust Corp boosted its position in Yum! Brands by 20.4% in the fourth quarter. Northern Trust Corp now owns 3,545,872 shares of the restaurant operator's stock worth $475,714,000 after purchasing an additional 601,361 shares during the last quarter. Cantillon Capital Management LLC grew its stake in shares of Yum! Brands by 31.7% during the 4th quarter. Cantillon Capital Management LLC now owns 1,880,379 shares of the restaurant operator's stock valued at $252,272,000 after purchasing an additional 452,339 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Yum! Brands during the 4th quarter valued at about $59,289,000. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of Yum! Brands by 140.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 437,625 shares of the restaurant operator's stock worth $58,712,000 after buying an additional 255,495 shares during the last quarter. Institutional investors own 82.37% of the company's stock.

Yum! Brands Price Performance

Shares of YUM opened at $149.54 on Thursday. The business's 50 day simple moving average is $151.45 and its 200-day simple moving average is $141.28. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30. The stock has a market capitalization of $41.65 billion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77.

Yum! Brands (NYSE:YUM - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $1.30 EPS for the quarter, beating the consensus estimate of $1.29 by $0.01. Yum! Brands had a net margin of 19.68% and a negative return on equity of 20.33%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the business earned $1.15 earnings per share. Yum! Brands's quarterly revenue was up 11.8% compared to the same quarter last year. On average, sell-side analysts expect that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Insiders Place Their Bets

In other Yum! Brands news, CEO David W. Gibbs sold 30,604 shares of Yum! Brands stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $159.46, for a total transaction of $4,880,113.84. Following the completion of the transaction, the chief executive officer now directly owns 160,296 shares of the company's stock, valued at $25,560,800.16. The trade was a 16.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Erika Burkhardt sold 597 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $159.07, for a total transaction of $94,964.79. Following the completion of the sale, the insider now directly owns 64 shares in the company, valued at approximately $10,180.48. This represents a 90.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,271 shares of company stock valued at $8,706,576 over the last ninety days. 0.33% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on YUM shares. Robert W. Baird decreased their price target on shares of Yum! Brands from $176.00 to $174.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. Morgan Stanley raised their target price on Yum! Brands from $147.00 to $151.00 and gave the stock an "equal weight" rating in a report on Thursday, May 1st. Piper Sandler boosted their price target on Yum! Brands from $150.00 to $155.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Sanford C. Bernstein downgraded Yum! Brands from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $140.00 to $135.00 in a research note on Wednesday, January 22nd. Finally, Evercore ISI boosted their price objective on Yum! Brands from $160.00 to $170.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. Sixteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $156.70.

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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