Yum! Brands, Inc. (NYSE:YUM) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its holdings in Yum! Brands, Inc. (NYSE:YUM) by 1.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 256,961 shares of the restaurant operator’s stock after acquiring an additional 3,172 shares during the quarter. Envestnet Asset Management Inc. owned 0.09% of Yum! Brands worth $40,435,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. WealthTrak Capital Management LLC acquired a new position in shares of Yum! Brands during the fourth quarter valued at $25,000. Wayfinding Financial LLC acquired a new position in Yum! Brands during the 1st quarter valued at about $32,000. MorganRosel Wealth Management LLC acquired a new position in Yum! Brands during the 1st quarter valued at about $41,000. Itau Unibanco Holding S.A. raised its position in shares of Yum! Brands by 436.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 279 shares of the restaurant operator’s stock worth $37,000 after buying an additional 227 shares in the last quarter. Finally, Alpine Bank Wealth Management acquired a new stake in shares of Yum! Brands in the 1st quarter worth approximately $47,000. Institutional investors own 82.37% of the company’s stock.

Insiders Place Their Bets

In other Yum! Brands news, CEO David W. Gibbs sold 7,063 shares of the business’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $145.57, for a total value of $1,028,160.91. Following the transaction, the chief executive officer owned 157,893 shares in the company, valued at $22,984,484.01. The trade was a 4.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Scott Mezvinsky sold 272 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $148.28, for a total value of $40,332.16. Following the sale, the chief executive officer directly owned 1,755 shares of the company’s stock, valued at $260,231.40. This trade represents a 13.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,742 shares of company stock valued at $1,861,504 in the last three months. Company insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Guggenheim raised their price objective on shares of Yum! Brands from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, April 8th. Redburn Atlantic upgraded Yum! Brands from a “neutral” rating to a “buy” rating and lifted their price target for the company from $145.00 to $177.00 in a research report on Tuesday, June 10th. JPMorgan Chase & Co. upgraded Yum! Brands from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $170.00 to $162.00 in a report on Wednesday, June 25th. Citigroup lifted their target price on Yum! Brands from $148.00 to $151.00 and gave the stock a “neutral” rating in a report on Tuesday, April 15th. Finally, Piper Sandler upped their price target on shares of Yum! Brands from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Thursday, May 1st. Thirteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Yum! Brands presently has a consensus rating of “Hold” and a consensus target price of $157.86.

Yum! Brands Trading Down 1.7%

Shares of YUM stock opened at $149.81 on Monday. The company has a market capitalization of $41.64 billion, a price-to-earnings ratio of 29.84, a P/E/G ratio of 2.25 and a beta of 0.74. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30. The stock’s fifty day simple moving average is $145.88 and its 200-day simple moving average is $144.77.

Yum! Brands (NYSE:YUM) last released its earnings results on Wednesday, April 30th. The restaurant operator reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.01. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Yum! Brands had a negative return on equity of 20.80% and a net margin of 18.42%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.15 EPS. On average, sell-side analysts predict that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Tuesday, May 27th were given a $0.71 dividend. The ex-dividend date was Tuesday, May 27th. This represents a $2.84 dividend on an annualized basis and a yield of 1.90%. Yum! Brands’s payout ratio is 56.57%.

Yum! Brands Profile

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