111 Capital Sells 3,873 Shares of Yum! Brands, Inc. $YUM

111 Capital decreased its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 60.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,537 shares of the restaurant operator’s stock after selling 3,873 shares during the period. 111 Capital’s holdings in Yum! Brands were worth $386,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in YUM. Salomon & Ludwin LLC boosted its position in shares of Yum! Brands by 679.2% in the third quarter. Salomon & Ludwin LLC now owns 187 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 163 shares during the period. Westside Investment Management Inc. raised its stake in Yum! Brands by 81.7% during the 3rd quarter. Westside Investment Management Inc. now owns 198 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 89 shares during the last quarter. CNB Bank grew its position in Yum! Brands by 833.3% in the 3rd quarter. CNB Bank now owns 224 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 200 shares during the last quarter. Financial Gravity Companies Inc. bought a new position in shares of Yum! Brands during the 2nd quarter worth about $36,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in shares of Yum! Brands during the third quarter valued at about $40,000. 82.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

YUM has been the topic of several recent research reports. Piper Sandler reiterated a “neutral” rating on shares of Yum! Brands in a research report on Friday, December 5th. Sanford C. Bernstein reaffirmed an “overweight” rating and set a $179.00 price objective on shares of Yum! Brands in a report on Wednesday, January 7th. Morgan Stanley upped their price objective on Yum! Brands from $165.00 to $176.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 20th. BMO Capital Markets reaffirmed a “market perform” rating and set a $165.00 price target on shares of Yum! Brands in a report on Thursday, February 5th. Finally, UBS Group reaffirmed a “buy” rating and set a $180.00 price objective on shares of Yum! Brands in a research note on Monday, February 2nd. Thirteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.50.

Yum! Brands Stock Performance

Shares of YUM stock opened at $160.13 on Wednesday. Yum! Brands, Inc. has a fifty-two week low of $137.33 and a fifty-two week high of $169.39. The stock’s fifty day moving average price is $157.64 and its two-hundred day moving average price is $151.32. The company has a market cap of $44.26 billion, a PE ratio of 28.85, a P/E/G ratio of 2.29 and a beta of 0.64.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Wednesday, February 4th. The restaurant operator reported $1.73 EPS for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.03). The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.45 billion. Yum! Brands had a net margin of 18.98% and a negative return on equity of 22.42%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.61 earnings per share. On average, equities analysts predict that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Yum! Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 20th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.9%. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.71. Yum! Brands’s dividend payout ratio (DPR) is presently 54.05%.

Insider Buying and Selling

In other Yum! Brands news, CEO Aaron Powell sold 12,000 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $161.44, for a total value of $1,937,280.00. Following the completion of the sale, the chief executive officer directly owned 14,650 shares in the company, valued at approximately $2,365,096. This trade represents a 45.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher Lee Turner sold 242 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $166.02, for a total value of $40,176.84. Following the completion of the sale, the chief executive officer directly owned 65,297 shares of the company’s stock, valued at $10,840,607.94. This trade represents a 0.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,138 shares of company stock valued at $2,289,990 over the last ninety days. 0.33% of the stock is owned by corporate insiders.

About Yum! Brands

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.