Yum! Brands, Inc. $YUM Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 1.3% in the third quarter, HoldingsChannel reports. The firm owned 2,107,938 shares of the restaurant operator’s stock after selling 28,695 shares during the quarter. Bank of New York Mellon Corp’s holdings in Yum! Brands were worth $320,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Yum! Brands in the second quarter valued at $602,551,000. Invesco Ltd. boosted its stake in Yum! Brands by 34.3% during the 2nd quarter. Invesco Ltd. now owns 2,789,728 shares of the restaurant operator’s stock valued at $413,382,000 after purchasing an additional 713,167 shares during the period. Amundi boosted its stake in Yum! Brands by 115.8% during the 2nd quarter. Amundi now owns 1,311,849 shares of the restaurant operator’s stock valued at $197,013,000 after purchasing an additional 703,891 shares during the period. Magellan Asset Management Ltd grew its position in Yum! Brands by 35.9% in the 2nd quarter. Magellan Asset Management Ltd now owns 2,306,932 shares of the restaurant operator’s stock worth $341,841,000 after purchasing an additional 609,223 shares during the last quarter. Finally, Compass Wealth Management LLC increased its stake in shares of Yum! Brands by 31,860.2% in the third quarter. Compass Wealth Management LLC now owns 450,000 shares of the restaurant operator’s stock valued at $68,400,000 after purchasing an additional 448,592 shares during the period. 82.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

YUM has been the subject of several analyst reports. Stifel Nicolaus set a $160.00 price objective on Yum! Brands in a research report on Monday, November 17th. Piper Sandler reissued a “neutral” rating on shares of Yum! Brands in a research note on Friday, December 5th. Sanford C. Bernstein reaffirmed an “overweight” rating and issued a $179.00 price target on shares of Yum! Brands in a research note on Wednesday, January 7th. Citigroup increased their price objective on shares of Yum! Brands from $164.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Yum! Brands in a report on Monday, December 29th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Yum! Brands presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.30.

Insiders Place Their Bets

In related news, COO Tracy L. Skeans sold 24,332 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $149.10, for a total transaction of $3,627,901.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Aaron Powell sold 2,790 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $150.48, for a total transaction of $419,839.20. Following the completion of the sale, the chief executive officer owned 26,650 shares of the company’s stock, valued at approximately $4,010,292. The trade was a 9.48% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 30,695 shares of company stock worth $4,582,843. Insiders own 0.33% of the company’s stock.

Yum! Brands Trading Up 1.0%

YUM stock opened at $155.49 on Friday. Yum! Brands, Inc. has a one year low of $128.73 and a one year high of $163.30. The firm has a 50-day moving average of $152.48 and a two-hundred day moving average of $148.61. The firm has a market capitalization of $43.17 billion, a PE ratio of 30.31, a P/E/G ratio of 2.12 and a beta of 0.67.

Yum! Brands (NYSE:YUM) last announced its earnings results on Tuesday, November 4th. The restaurant operator reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.12. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.96 billion. Yum! Brands had a net margin of 17.95% and a negative return on equity of 21.79%. The company’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.37 EPS. On average, equities research analysts anticipate that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Yum! Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Tuesday, December 2nd were given a dividend of $0.71 per share. The ex-dividend date was Tuesday, December 2nd. This represents a $2.84 dividend on an annualized basis and a yield of 1.8%. Yum! Brands’s dividend payout ratio (DPR) is presently 55.36%.

Yum! Brands Profile

Yum! Brands, Inc (NYSE: YUM) is a global quick-service restaurant company that develops, operates and franchises a portfolio of well-known restaurant brands. The company’s principal brands are KFC, Pizza Hut and Taco Bell, each focused on distinct product categories—KFC on fried chicken and related menu items, Pizza Hut on pizza and complementary offerings, and Taco Bell on Mexican-inspired quick-service food. Yum! is headquartered in Louisville, Kentucky and was formed as Tricon Global Restaurants in 1997 when PepsiCo spun off its restaurant businesses, later adopting the Yum! Brands name.

The company’s operating model centers on brand development, system growth and franchising; a large portion of its restaurants are operated by independent franchisees, and Yum! generates revenue through franchise royalties and fees in addition to sales from company-operated locations.