Envestnet Asset Management Inc. lifted its holdings in Yum! Brands, Inc. (NYSE:YUM – Free Report) by 19.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 262,296 shares of the restaurant operator’s stock after purchasing an additional 41,836 shares during the quarter. Envestnet Asset Management Inc. owned about 0.09% of Yum! Brands worth $28,608,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of YUM. First Command Financial Services Inc. acquired a new position in shares of Yum! Brands in the 1st quarter valued at approximately $25,000. U.S. Capital Wealth Advisors LLC bought a new stake in shares of Yum! Brands during the 4th quarter worth approximately $26,000. Bell Investment Advisors Inc raised its stake in shares of Yum! Brands by 127.7% during the 4th quarter. Bell Investment Advisors Inc now owns 214 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 120 shares in the last quarter. Chelsea Counsel Co. bought a new stake in shares of Yum! Brands during the 4th quarter worth approximately $27,000. Finally, TimeScale Financial Inc. bought a new stake in shares of Yum! Brands during the 1st quarter worth approximately $31,000. 80.17% of the stock is currently owned by institutional investors and hedge funds.
Yum! Brands Stock Performance
YUM opened at $130.12 on Thursday. The firm has a market cap of $36.46 billion, a P/E ratio of 26.34, a price-to-earnings-growth ratio of 1.97 and a beta of 1.01. Yum! Brands, Inc. has a 52-week low of $103.96 and a 52-week high of $143.24. The business’s fifty day moving average is $134.26 and its 200-day moving average is $133.34.
Yum! Brands Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Tuesday, August 29th will be paid a $0.605 dividend. This represents a $2.42 annualized dividend and a yield of 1.86%. The ex-dividend date is Monday, August 28th. Yum! Brands’s dividend payout ratio (DPR) is presently 48.99%.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the company. Barclays upped their price objective on Yum! Brands from $138.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 3rd. Citigroup dropped their price objective on Yum! Brands from $179.00 to $173.00 in a research note on Thursday, August 3rd. UBS Group upped their price objective on Yum! Brands from $148.00 to $156.00 in a research note on Thursday, May 4th. Morgan Stanley restated an “overweight” rating and issued a $155.00 price target on shares of Yum! Brands in a research note on Thursday, August 3rd. Finally, Piper Sandler started coverage on Yum! Brands in a research note on Tuesday, June 13th. They issued a “neutral” rating and a $142.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $148.84.
Read Our Latest Analysis on YUM
Insider Activity at Yum! Brands
In related news, VP David Eric Russell sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $137.27, for a total value of $686,350.00. Following the sale, the vice president now directly owns 16,052 shares of the company’s stock, valued at $2,203,458.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP David Eric Russell sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $137.27, for a total value of $686,350.00. Following the sale, the vice president now directly owns 16,052 shares of the company’s stock, valued at $2,203,458.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David W. Gibbs sold 3,877 shares of the stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $135.92, for a total value of $526,961.84. Following the completion of the transaction, the chief executive officer now owns 57,325 shares of the company’s stock, valued at $7,791,614. The disclosure for this sale can be found here. Insiders have sold 17,951 shares of company stock valued at $2,444,113 over the last ninety days. 0.31% of the stock is owned by corporate insiders.
Yum! Brands Company Profile
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.
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