Stock Yards Bank & Trust Co. Reduces Stock Holdings in Yum! Brands, Inc. (NYSE:YUM)

Stock Yards Bank & Trust Co. decreased its position in Yum! Brands, Inc. (NYSE:YUM) by 5.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,702 shares of the restaurant operator’s stock after selling 1,510 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Yum! Brands were worth $4,044,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Yum! Brands by 8.0% during the fourth quarter. Brighton Jones LLC now owns 7,861 shares of the restaurant operator’s stock worth $1,055,000 after acquiring an additional 583 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in shares of Yum! Brands by 16.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 6,076 shares of the restaurant operator’s stock worth $815,000 after purchasing an additional 845 shares during the period. Gladstone Institutional Advisory LLC increased its holdings in shares of Yum! Brands by 3.9% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 2,165 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 82 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Yum! Brands by 624.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 106,005 shares of the restaurant operator’s stock worth $14,158,000 after purchasing an additional 91,367 shares during the period. Finally, Consolidated Planning Corp increased its holdings in shares of Yum! Brands by 8.3% in the fourth quarter. Consolidated Planning Corp now owns 2,002 shares of the restaurant operator’s stock worth $269,000 after purchasing an additional 154 shares during the period. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Insider Activity at Yum! Brands

In related news, CEO Scott Mezvinsky sold 268 shares of the firm’s stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $145.97, for a total value of $39,119.96. Following the sale, the chief executive officer now owns 1,755 shares in the company, valued at approximately $256,177.35. This trade represents a 13.25% 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, CEO David W. Gibbs sold 5,139 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The stock was 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 in the company, valued at $23,162,903.10. This represents a 3.15% 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 90 days. Corporate insiders own 0.33% of the company’s stock.

Yum! Brands Stock Performance

Shares of NYSE YUM opened at $143.88 on Friday. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $163.30. The company has a 50 day simple moving average of $145.61 and a two-hundred day simple moving average of $143.29. The company has a market capitalization of $39.99 billion, a price-to-earnings ratio of 27.56, a P/E/G ratio of 2.31 and a beta of 0.74.

Yum! Brands (NYSE:YUM) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $1.85 billion. Yum! Brands had a net margin of 19.68% and a negative return on equity of 20.33%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.15 earnings per share. On average, analysts forecast that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors 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 (DPR) is currently 56.57%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on YUM shares. TD Securities reaffirmed a “hold” rating and issued a $158.00 price target on shares of Yum! Brands in a report on Wednesday, April 30th. Morgan Stanley increased their target price on Yum! Brands from $147.00 to $151.00 and gave the company an “equal weight” rating in a research note on Thursday, May 1st. Citigroup increased their target price on Yum! Brands from $148.00 to $151.00 and gave the company a “neutral” rating in a research note on Tuesday, April 15th. Robert W. Baird cut their price target on shares of Yum! Brands from $176.00 to $174.00 and set an “outperform” rating for the company in a research report on Monday, April 7th. Finally, Barclays upped their price target on shares of Yum! Brands from $163.00 to $167.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Fourteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $158.24.

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.