Yum! Brands, Inc. (NYSE:YUM) Stake Lessened by Sumitomo Mitsui Trust Holdings Inc.

Posted by Defense World Staff on Jul 16th, 2023

Sumitomo Mitsui Trust Holdings Inc. cut its stake in Yum! Brands, Inc. (NYSE:YUM – Free Report) by 0.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 724,147 shares of the restaurant operator’s stock after selling 4,536 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.26% of Yum! Brands worth $95,645,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Command Financial Services Inc. bought a new position in shares of Yum! Brands in the first quarter valued at approximately $25,000. U.S. Capital Wealth Advisors LLC bought a new position in shares of Yum! Brands in the fourth quarter valued at approximately $26,000. Bell Investment Advisors Inc boosted its holdings in shares of Yum! Brands by 127.7% in the fourth quarter. Bell Investment Advisors Inc now owns 214 shares of the restaurant operator’s stock valued at $27,000 after acquiring an additional 120 shares in the last quarter. Chelsea Counsel Co. bought a new position in shares of Yum! Brands in the fourth quarter valued at approximately $27,000. Finally, Dupont Capital Management Corp bought a new stake in Yum! Brands during the fourth quarter worth approximately $29,000. 92.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

YUM has been the subject of a number of research reports. Morgan Stanley raised their target price on shares of Yum! Brands from $155.00 to $157.00 and gave the stock an “overweight” rating in a report on Monday, April 17th. Piper Sandler initiated coverage on shares of Yum! Brands in a report on Tuesday, June 13th. They set a “neutral” rating and a $142.00 target price for the company. Bank of America raised their target price on shares of Yum! Brands from $145.00 to $151.00 in a report on Thursday, May 4th. Barclays raised their price objective on shares of Yum! Brands from $136.00 to $138.00 and gave the stock an “equal weight” rating in a research note on Friday, April 21st. Finally, StockNews.com lowered shares of Yum! Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Yum! Brands has a consensus rating of “Moderate Buy” and an average target price of $146.84.

Insider Buying and Selling at Yum! Brands

In other news, VP David Eric Russell sold 5,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $2,203,458.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Yum! Brands news, insider Scott Catlett sold 2,553 shares of Yum! Brands stock in a transaction on Friday, April 28th. The shares were sold at an average price of $140.00, for a total transaction of $357,420.00. Following the sale, the insider now owns 11,724 shares in the company, valued at $1,641,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David Eric Russell sold 5,000 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $2,203,458.04. The disclosure for this sale can be found here. Insiders sold a total of 19,037 shares of company stock valued at $2,620,341 in the last ninety days. Company insiders own 0.31% of the company’s stock.

Yum! Brands Price Performance

Yum! Brands stock opened at $135.56 on Friday. The firm has a market cap of $37.97 billion, a price-to-earnings ratio of 31.90, a P/E/G ratio of 2.17 and a beta of 1.01. The firm has a fifty day moving average price of $135.13 and a two-hundred day moving average price of $132.28. Yum! Brands, Inc. has a fifty-two week low of $103.96 and a fifty-two week high of $143.24.

Yum! Brands (NYSE:YUM – Get Free Report) last announced its earnings results on Wednesday, May 3rd. The restaurant operator reported $1.06 earnings per share 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 for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the company earned $1.05 EPS. Yum! Brands’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, sell-side analysts expect that Yum! Brands, Inc. will post 5.07 earnings per share for the current year.

Yum! Brands Announces Dividend

The business also recently announced 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. This represents a $2.42 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Friday, May 26th. Yum! Brands’s payout ratio is currently 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.