Truist Financial Corp Sells 1,186 Shares of Yum! Brands, Inc. $YUM

Truist Financial Corp reduced its holdings in Yum! Brands, Inc. (NYSE:YUM) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,885 shares of the restaurant operator’s stock after selling 1,186 shares during the quarter. Truist Financial Corp’s holdings in Yum! Brands were worth $14,060,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Fortitude Family Office LLC increased its stake in Yum! Brands by 5.6% in the 2nd quarter. Fortitude Family Office LLC now owns 1,277 shares of the restaurant operator’s stock worth $189,000 after acquiring an additional 68 shares during the last quarter. Manchester Capital Management LLC increased its stake in Yum! Brands by 78.0% in the 1st quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 71 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Yum! Brands by 7.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,048 shares of the restaurant operator’s stock worth $165,000 after acquiring an additional 71 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in Yum! Brands by 0.8% in the 1st quarter. Valeo Financial Advisors LLC now owns 9,178 shares of the restaurant operator’s stock worth $1,444,000 after acquiring an additional 72 shares during the last quarter. Finally, PGIM Custom Harvest LLC raised its position in Yum! Brands by 4.3% during the first quarter. PGIM Custom Harvest LLC now owns 1,857 shares of the restaurant operator’s stock valued at $292,000 after purchasing an additional 76 shares in the last quarter. 82.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, COO Tracy L. Skeans sold 12,220 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $148.24, for a total value of $1,811,492.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David W. Gibbs sold 7,176 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $149.80, for a total transaction of $1,074,964.80. Following the completion of the transaction, the chief executive officer owned 102,893 shares of the company’s stock, valued at approximately $15,413,371.40. The trade was a 6.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,195 shares of company stock valued at $5,348,137. 0.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on YUM shares. Barclays restated an “overweight” rating and set a $164.00 price target (down previously from $167.00) on shares of Yum! Brands in a research report on Tuesday, August 5th. Evercore ISI lowered their price target on Yum! Brands from $170.00 to $165.00 and set an “in-line” rating on the stock in a research report on Wednesday, August 6th. Melius started coverage on Yum! Brands in a research report on Monday, July 14th. They set a “buy” rating and a $200.00 price target on the stock. Wells Fargo & Company lowered their price target on Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 6th. Finally, Sanford C. Bernstein set a $164.00 price target on Yum! Brands in a research report on Tuesday, August 5th. Eleven research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $161.32.

Yum! Brands Price Performance

NYSE YUM opened at $150.61 on Friday. The stock has a market capitalization of $41.80 billion, a PE ratio of 29.71, a PEG ratio of 2.35 and a beta of 0.72. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30. The business’s 50-day moving average is $147.05 and its 200 day moving average is $147.21.

Yum! Brands (NYSE:YUM) last posted its earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.02). The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%.The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.35 earnings per share. As a group, equities research analysts anticipate that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Yum! Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 2nd. Yum! Brands’s payout ratio is currently 56.02%.

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.