Asset Dedication LLC Has $798,000 Stock Holdings in Yum! Brands, Inc. (NYSE:YUM)

Asset Dedication LLC lowered its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 8.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,073 shares of the restaurant operator’s stock after selling 463 shares during the period. Asset Dedication LLC’s holdings in Yum! Brands were worth $798,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of Yum! Brands by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 7,604,632 shares of the restaurant operator’s stock worth $1,021,194,000 after buying an additional 163,462 shares during the period. Northern Trust Corp grew its holdings in Yum! Brands by 20.4% in the fourth quarter. Northern Trust Corp now owns 3,545,872 shares of the restaurant operator’s stock worth $475,714,000 after purchasing an additional 601,361 shares during the period. Norges Bank bought a new stake in Yum! Brands in the fourth quarter valued at $418,692,000. FMR LLC raised its holdings in shares of Yum! Brands by 1.0% during the fourth quarter. FMR LLC now owns 2,521,583 shares of the restaurant operator’s stock valued at $338,296,000 after purchasing an additional 24,681 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Yum! Brands by 12.0% during the 4th quarter. Invesco Ltd. now owns 2,284,171 shares of the restaurant operator’s stock worth $306,444,000 after purchasing an additional 244,264 shares in the last quarter. 82.37% of the stock is currently owned by institutional investors.

Insider Transactions at Yum! Brands

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Citigroup boosted their target price on Yum! Brands from $148.00 to $151.00 and gave the company a “neutral” rating in a research report on Tuesday, April 15th. Piper Sandler boosted their price objective on Yum! Brands from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Thursday, May 1st. The Goldman Sachs Group raised Yum! Brands from a “neutral” rating to a “buy” rating and set a $167.00 target price on the stock in a research report on Wednesday, June 4th. Evercore ISI lifted their price target on shares of Yum! Brands from $160.00 to $170.00 and gave the company an “in-line” rating in a research report on Thursday, May 1st. Finally, Morgan Stanley boosted their price target on shares of Yum! Brands from $147.00 to $151.00 and gave the company an “equal weight” rating in a research note on Thursday, May 1st. Thirteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $157.86.

Yum! Brands Stock Down 1.7%

YUM stock opened at $149.81 on Monday. The business has a 50 day moving average of $145.88 and a 200-day moving average of $144.77. Yum! Brands, Inc. has a 12-month low of $122.13 and a 12-month high of $163.30. The firm has a market cap of $41.64 billion, a PE ratio of 29.84, a P/E/G ratio of 2.25 and a beta of 0.74.

Yum! Brands (NYSE:YUM) last released its earnings results on Wednesday, April 30th. The restaurant operator reported $1.30 EPS for the quarter, topping analysts’ consensus estimates 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% compared to the same quarter last year. During the same period in the previous year, the business posted $1.15 EPS. On average, research analysts expect that Yum! Brands, Inc. will post 5.94 earnings per share 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 paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Tuesday, May 27th. 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.