Pathway Financial Advisors LLC Sells 3,800 Shares of Yum! Brands, Inc. (NYSE:YUM)

Pathway Financial Advisors LLC trimmed its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 63.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,200 shares of the restaurant operator’s stock after selling 3,800 shares during the quarter. Pathway Financial Advisors LLC’s holdings in Yum! Brands were worth $346,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in YUM. Bank of New York Mellon Corp lifted its position in shares of Yum! Brands by 4.2% during the fourth quarter. Bank of New York Mellon Corp now owns 2,355,367 shares of the restaurant operator’s stock worth $315,996,000 after purchasing an additional 94,026 shares in the last quarter. Cantillon Capital Management LLC lifted its position in shares of Yum! Brands by 31.7% during the fourth quarter. Cantillon Capital Management LLC now owns 1,880,379 shares of the restaurant operator’s stock worth $252,272,000 after purchasing an additional 452,339 shares in the last quarter. DJE Kapital AG acquired a new position in shares of Yum! Brands during the fourth quarter worth approximately $3,306,000. Gotham Asset Management LLC lifted its position in shares of Yum! Brands by 54.2% during the fourth quarter. Gotham Asset Management LLC now owns 140,412 shares of the restaurant operator’s stock worth $18,838,000 after purchasing an additional 49,362 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Yum! Brands by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,677,290 shares of the restaurant operator’s stock worth $225,025,000 after purchasing an additional 44,428 shares in the last quarter. 82.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on YUM. Piper Sandler upped their target price on shares of Yum! Brands from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Evercore ISI increased their price objective on shares of Yum! Brands from $160.00 to $170.00 and gave the company an “in-line” rating in a report on Thursday, May 1st. The Goldman Sachs Group upgraded shares of Yum! Brands from a “neutral” rating to a “buy” rating and set a $167.00 price objective on the stock in a report on Wednesday, June 4th. Cowen restated a “hold” rating on shares of Yum! Brands in a report on Wednesday, March 5th. Finally, Wells Fargo & Company increased their price objective on shares of Yum! Brands from $145.00 to $160.00 and gave the company an “equal weight” rating in a report on Wednesday, March 5th. Fourteen analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $158.24.

Insider Transactions at Yum! Brands

In other news, CEO David W. Gibbs sold 5,139 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $146.70, for a total transaction of $753,891.30. Following the completion of the sale, the chief executive officer now owns 157,893 shares of the company’s stock, valued at $23,162,903.10. This represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Scott Mezvinsky sold 268 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $145.97, for a total transaction of $39,119.96. Following the sale, the chief executive officer now directly owns 1,755 shares of the company’s stock, valued at $256,177.35. This represents a 13.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,763 shares of company stock valued at $2,637,564 over the last quarter. Corporate insiders own 0.33% of the company’s stock.

Yum! Brands Stock Performance

YUM opened at $143.88 on Friday. The firm’s fifty day moving average is $145.61 and its two-hundred day moving average is $143.29. The firm has a market cap of $39.99 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 2.31 and a beta of 0.74. Yum! Brands, Inc. has a twelve month low of $122.13 and a twelve month high of $163.30.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.01. Yum! Brands had a net margin of 19.68% and a negative return on equity of 20.33%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the firm earned $1.15 earnings per share. The firm’s revenue was up 11.8% compared to the same quarter last year. Equities analysts forecast that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Yum! Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 27th were given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Tuesday, May 27th. Yum! Brands’s dividend payout ratio is 56.57%.

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.