Koshinski Asset Management Inc. Decreases Holdings in Yum! Brands, Inc. (NYSE:YUM)

Posted by Defense World Staff on Apr 5th, 2023

Koshinski Asset Management Inc. cut its stake in Yum! Brands, Inc. (NYSE:YUM – Get Rating) by 15.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,862 shares of the restaurant operator’s stock after selling 917 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Yum! Brands were worth $623,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. RB Capital Management LLC lifted its position in Yum! Brands by 9.7% during the 1st quarter. RB Capital Management LLC now owns 4,890 shares of the restaurant operator’s stock worth $580,000 after acquiring an additional 431 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Yum! Brands by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 761,575 shares of the restaurant operator’s stock valued at $90,284,000 after purchasing an additional 3,024 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Yum! Brands during the 1st quarter valued at $664,000. Moors & Cabot Inc. increased its stake in Yum! Brands by 7.4% during the 1st quarter. Moors & Cabot Inc. now owns 7,530 shares of the restaurant operator’s stock worth $893,000 after buying an additional 517 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its holdings in Yum! Brands by 10.8% in the 1st quarter. Brown Brothers Harriman & Co. now owns 2,862 shares of the restaurant operator’s stock worth $339,000 after buying an additional 279 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Yum! Brands Price Performance

Shares of YUM opened at $131.60 on Wednesday. Yum! Brands, Inc. has a 12 month low of $103.96 and a 12 month high of $133.77. The stock has a fifty day moving average price of $128.92 and a 200 day moving average price of $124.10. The company has a market cap of $36.86 billion, a P/E ratio of 28.86, a PEG ratio of 2.28 and a beta of 1.00.

Yum! Brands (NYSE:YUM – Get Rating) last released its quarterly earnings data on Wednesday, February 8th. The restaurant operator reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.92 billion. Yum! Brands had a net margin of 19.37% and a negative return on equity of 15.16%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.02 EPS. As a group, research analysts anticipate that Yum! Brands, Inc. will post 5.09 earnings per share for the current year.

Yum! Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Wednesday, February 22nd were issued a $0.605 dividend. This represents a $2.42 dividend on an annualized basis and a yield of 1.84%. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.57. The ex-dividend date was Tuesday, February 21st. Yum! Brands’s dividend payout ratio is 53.07%.

Wall Street Analyst Weigh In

YUM has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on Yum! Brands from $137.00 to $143.00 and gave the company a “buy” rating in a research note on Monday, February 13th. Credit Suisse Group upped their target price on Yum! Brands from $135.00 to $141.00 and gave the company a “neutral” rating in a research report on Thursday, February 9th. JPMorgan Chase & Co. raised their price target on shares of Yum! Brands from $122.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 18th. BMO Capital Markets upped their price target on shares of Yum! Brands from $137.00 to $140.00 and gave the company a “market perform” rating in a report on Thursday, February 9th. Finally, Robert W. Baird raised their price objective on shares of Yum! Brands from $146.00 to $155.00 in a report on Wednesday, December 14th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Yum! Brands presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.81.

Insider Activity at Yum! Brands

In other Yum! Brands news, COO Tracy L. Skeans sold 3,790 shares of the business’s stock in a transaction on Friday, March 31st. The stock was sold at an average price of $132.00, for a total transaction of $500,280.00. Following the completion of the transaction, the chief operating officer now owns 10,603 shares in the company, valued at approximately $1,399,596. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO David W. Gibbs sold 3,734 shares of the business’s stock in a transaction that occurred on Monday, March 27th. The stock was sold at an average price of $128.43, for a total transaction of $479,557.62. Following the sale, the chief executive officer now owns 57,325 shares of the company’s stock, valued at $7,362,249.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Tracy L. Skeans sold 3,790 shares of the stock in a transaction on Friday, March 31st. The shares were sold at an average price of $132.00, for a total value of $500,280.00. Following the transaction, the chief operating officer now directly owns 10,603 shares of the company’s stock, valued at $1,399,596. The disclosure for this sale can be found here. Insiders have sold a total of 11,449 shares of company stock worth $1,490,088 in the last three months. 0.37% of the stock is owned by company insiders.

Yum! Brands Company Profile

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Yum! Brands, Inc operates as a service restaurant company. The firm engages in the development, operation, franchise, and licenses of a system of restaurants. It operates through the following segments: KFC Division, Pizza Hut Division, Taco Bell Division, and Habit Burger Grill Division. The KFC Division segment consists of all operations of the KFC concept.