Yum! Brands, Inc. (NYSE:YUM) Shares Purchased by Scissortail Wealth Management LLC

Scissortail Wealth Management LLC raised its stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 33,833.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,036 shares of the restaurant operator's stock after purchasing an additional 2,030 shares during the period. Scissortail Wealth Management LLC's holdings in Yum! Brands were worth $273,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in YUM. Kohmann Bosshard Financial Services LLC bought a new position in shares of Yum! Brands during the 4th quarter valued at about $25,000. WealthTrak Capital Management LLC bought a new position in shares of Yum! Brands in the 4th quarter valued at about $25,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Yum! Brands in the 4th quarter valued at about $33,000. Itau Unibanco Holding S.A. lifted its holdings in shares of Yum! Brands by 436.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 279 shares of the restaurant operator's stock valued at $37,000 after acquiring an additional 227 shares during the last quarter. Finally, Jackson Grant Investment Advisers Inc. lifted its holdings in shares of Yum! Brands by 52.1% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 295 shares of the restaurant operator's stock valued at $40,000 after acquiring an additional 101 shares during the last quarter. Institutional investors own 82.37% of the company's stock.

Insiders Place Their Bets

In other Yum! Brands news, COO Tracy L. Skeans sold 8,638 shares of the company's stock in a transaction dated 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 transaction, the chief operating officer now owns 2,970 shares in the company, valued at approximately $470,329.20. This represents a 74.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David W. Gibbs sold 30,604 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $159.46, for a total transaction of $4,880,113.84. Following the transaction, the chief executive officer now owns 160,296 shares of the company's stock, valued at approximately $25,560,800.16. This trade represents a 16.03% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,334 shares of company stock worth $9,734,737. Company insiders own 0.33% of the company's stock.

Yum! Brands Stock Performance

NYSE YUM traded up $1.68 on Monday, reaching $149.75. 2,046,090 shares of the company's stock traded hands, compared to its average volume of 1,999,471. The stock has a 50 day moving average price of $149.66 and a 200-day moving average price of $142.17. The firm has a market cap of $41.63 billion, a price-to-earnings ratio of 28.69, a P/E/G ratio of 2.31 and a beta of 0.77. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $163.30.

Yum! Brands (NYSE:YUM - Get Free Report) last issued its quarterly earnings data 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 during 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 company's revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.15 earnings per share. As a group, equities research analysts anticipate that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Yum! Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Tuesday, May 27th will be given a $0.71 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.90%. Yum! Brands's dividend payout ratio (DPR) is currently 56.57%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on YUM shares. Evercore ISI increased their price target on shares of Yum! Brands from $160.00 to $170.00 and gave the company an "in-line" rating in a report on Thursday, May 1st. Cowen reaffirmed a "hold" rating on shares of Yum! Brands in a report on Wednesday, March 5th. Piper Sandler increased their price target on shares of Yum! Brands from $150.00 to $155.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Guggenheim raised their price objective on shares of Yum! Brands from $155.00 to $165.00 and gave the stock a "buy" rating in a research note on Tuesday, April 8th. Finally, TD Securities reissued a "hold" rating and issued a $158.00 price objective on shares of Yum! Brands in a research note on Wednesday, April 30th. Sixteen analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average 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.