Truist Financial Corp Cuts Position in Yum! Brands, Inc. (NYSE:YUM)

Truist Financial Corp trimmed its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 5.2% during the 2nd quarter, Holdings Channel reports. The fund owned 111,322 shares of the restaurant operator’s stock after selling 6,125 shares during the period. Truist Financial Corp’s holdings in Yum! Brands were worth $14,746,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of YUM. Vanguard Group Inc. lifted its position in Yum! Brands by 24.0% during the first quarter. Vanguard Group Inc. now owns 29,012,969 shares of the restaurant operator’s stock valued at $4,022,648,000 after purchasing an additional 5,607,517 shares during the last quarter. Capital World Investors grew its position in Yum! Brands by 23.7% in the first quarter. Capital World Investors now owns 18,121,611 shares of the restaurant operator’s stock worth $2,512,561,000 after acquiring an additional 3,470,883 shares in the last quarter. Capital International Investors increased its stake in Yum! Brands by 10.2% during the first quarter. Capital International Investors now owns 14,669,356 shares of the restaurant operator’s stock worth $2,033,906,000 after acquiring an additional 1,362,813 shares during the last quarter. Sustainable Growth Advisers LP raised its position in Yum! Brands by 2.1% during the first quarter. Sustainable Growth Advisers LP now owns 5,939,663 shares of the restaurant operator’s stock valued at $823,534,000 after purchasing an additional 121,285 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Yum! Brands by 3.4% in the 2nd quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock valued at $419,123,000 after purchasing an additional 104,328 shares during the last quarter. 82.37% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO David W. Gibbs sold 6,961 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $131.02, for a total transaction of $912,030.22. Following the completion of the sale, the chief executive officer now directly owns 162,381 shares in the company, valued at $21,275,158.62. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Yum! Brands news, CEO David W. Gibbs sold 6,961 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $131.02, for a total value of $912,030.22. Following the completion of the transaction, the chief executive officer now directly owns 162,381 shares in the company, valued at approximately $21,275,158.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Weir Mirian M. Graddick sold 1,309 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $137.40, for a total transaction of $179,856.60. Following the completion of the sale, the director now owns 1,233 shares in the company, valued at $169,414.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,629 shares of company stock worth $13,888,443. 0.31% of the stock is currently owned by company insiders.

Yum! Brands Trading Down 0.5 %

YUM opened at $136.57 on Friday. The business’s fifty day simple moving average is $135.09 and its 200-day simple moving average is $135.42. The company has a market capitalization of $38.40 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 2.14 and a beta of 1.08. Yum! Brands, Inc. has a 12-month low of $115.53 and a 12-month high of $143.20.

Yum! Brands (NYSE:YUM) last posted its earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.02. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the firm posted $1.41 EPS. On average, equities research analysts predict that Yum! Brands, Inc. will post 5.61 EPS for the current year.

Yum! Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $2.68 annualized dividend and a yield of 1.96%. Yum! Brands’s dividend payout ratio (DPR) is presently 47.52%.

Analysts Set New Price Targets

YUM has been the topic of several analyst reports. The Goldman Sachs Group began coverage on Yum! Brands in a research report on Thursday, June 13th. They set a “neutral” rating and a $150.00 target price on the stock. Evercore ISI downgraded shares of Yum! Brands from an “outperform” rating to an “inline” rating and reduced their target price for the company from $160.00 to $145.00 in a research note on Tuesday, July 16th. Stifel Nicolaus dropped their price target on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Robert W. Baird increased their price objective on shares of Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, TD Cowen restated a “buy” rating and set a $156.00 target price on shares of Yum! Brands in a research report on Thursday, September 12th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $145.25.

Yum! Brands Company 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.