Sequoia Financial Advisors LLC Boosts Stock Holdings in Yum! Brands, Inc. (NYSE:YUM)

Posted by Defense World Staff on Jul 10th, 2023

Sequoia Financial Advisors LLC boosted its stake in shares of Yum! Brands, Inc. (NYSE:YUM – Free Report) by 11.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,044 shares of the restaurant operator’s stock after acquiring an additional 1,198 shares during the period. Sequoia Financial Advisors LLC’s holdings in Yum! Brands were worth $1,591,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Freedom Day Solutions LLC grew its stake in Yum! Brands by 1.6% during the first quarter. Freedom Day Solutions LLC now owns 13,038 shares of the restaurant operator’s stock valued at $1,723,000 after acquiring an additional 203 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in shares of Yum! Brands by 16.5% in the 1st quarter. Verdence Capital Advisors LLC now owns 1,980 shares of the restaurant operator’s stock worth $262,000 after buying an additional 281 shares in the last quarter. Windward Capital Management Co. CA grew its stake in shares of Yum! Brands by 20.5% in the 1st quarter. Windward Capital Management Co. CA now owns 3,521 shares of the restaurant operator’s stock worth $465,000 after buying an additional 600 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Yum! Brands by 1.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 521,584 shares of the restaurant operator’s stock worth $67,443,000 after buying an additional 7,901 shares in the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new position in shares of Yum! Brands in the 1st quarter worth $206,000. 92.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on YUM shares. Piper Sandler started coverage on shares of Yum! Brands in a research note on Tuesday, June 13th. They issued a “neutral” rating and a $142.00 price objective for the company. BMO Capital Markets lifted their price objective on shares of Yum! Brands from $140.00 to $144.00 in a research note on Monday, May 8th. UBS Group lifted their price target on shares of Yum! Brands from $148.00 to $156.00 in a research note on Thursday, May 4th. Morgan Stanley lifted their price target on shares of Yum! Brands from $155.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday, April 17th. Finally, Bank of America lifted their price target on shares of Yum! Brands from $145.00 to $151.00 in a research note on Thursday, May 4th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Yum! Brands currently has an average rating of “Moderate Buy” and a consensus target price of $146.84.

Insider Buying and Selling

In related news, VP David Eric Russell sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $137.27, for a total transaction of $686,350.00. Following the completion of the transaction, the vice president now owns 16,052 shares in the company, valued at approximately $2,203,458.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, VP David Eric Russell sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $137.27, for a total transaction of $686,350.00. Following the completion of the transaction, the vice president now owns 16,052 shares in the company, valued at approximately $2,203,458.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Tracy L. Skeans sold 3,740 shares of the business’s stock in a transaction that occurred on Thursday, April 13th. The stock was sold at an average price of $134.00, for a total transaction of $501,160.00. Following the transaction, the chief operating officer now owns 6,863 shares of the company’s stock, valued at approximately $919,642. The disclosure for this sale can be found here. Insiders sold a total of 27,783 shares of company stock worth $3,796,578 in the last 90 days. 0.31% of the stock is owned by corporate insiders.

Yum! Brands Stock Performance

NYSE:YUM opened at $133.45 on Monday. Yum! Brands, Inc. has a one year low of $103.96 and a one year high of $143.24. The firm has a market cap of $37.38 billion, a P/E ratio of 31.40, a P/E/G ratio of 2.13 and a beta of 1.01. The firm has a 50-day simple moving average of $135.54 and a 200-day simple moving average of $132.09.

Yum! Brands (NYSE:YUM – Free Report) last posted its quarterly earnings results on Wednesday, May 3rd. The restaurant operator reported $1.06 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.08). Yum! Brands had a net margin of 17.67% and a negative return on equity of 14.97%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the firm posted $1.05 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, research analysts predict that Yum! Brands, Inc. will post 5.06 EPS for the current fiscal year.

Yum! Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 30th were paid a dividend of $0.605 per share. The ex-dividend date of this dividend was Friday, May 26th. This represents a $2.42 annualized dividend and a dividend yield of 1.81%. Yum! Brands’s dividend payout ratio (DPR) is presently 56.94%.

About Yum! Brands

(Free Report)

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. It 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.