5,803 Yum! Brands, Inc. $YUM Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC reduced its holdings in Yum! Brands, Inc. (NYSE:YUM) by 46.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,758 shares of the restaurant operator’s stock after selling 5,803 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Yum! Brands were worth $921,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Yum! Brands during the 2nd quarter worth about $4,186,811,000. Wellington Management Group LLP boosted its position in shares of Yum! Brands by 1,373.2% in the second quarter. Wellington Management Group LLP now owns 4,631,940 shares of the restaurant operator’s stock worth $740,462,000 after acquiring an additional 4,317,526 shares during the last quarter. Bank of America Corp DE purchased a new stake in Yum! Brands in the second quarter valued at approximately $638,589,000. Legal & General Group Plc acquired a new position in Yum! Brands during the second quarter worth approximately $297,591,000. Finally, Bank of New York Mellon Corp acquired a new position in Yum! Brands during the second quarter worth approximately $279,432,000. 82.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Yum! Brands

In other news, CEO Christopher Turner sold 285 shares of Yum! Brands stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $140.11, for a total value of $39,931.35. Following the completion of the transaction, the chief executive officer directly owned 63,225 shares of the company’s stock, valued at approximately $8,858,454.75. The trade was a 0.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Scott Mezvinsky sold 241 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $136.89, for a total transaction of $32,990.49. Following the sale, the chief executive officer directly owned 482 shares of the company’s stock, valued at approximately $65,980.98. This represents a 33.33% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 4,288 shares of company stock worth $666,149 over the last 90 days. Insiders own 0.14% of the company’s stock.

Yum! Brands Stock Down 2.9%

Shares of NYSE YUM traded down $4.74 during trading on Friday, reaching $161.35. 2,373,527 shares of the stock were exchanged, compared to its average volume of 2,408,670. The company has a market capitalization of $44.03 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 2.42 and a beta of 0.53. The business’s 50-day moving average price is $146.92 and its 200 day moving average price is $153.58. Yum! Brands, Inc. has a twelve month low of $134.26 and a twelve month high of $170.14.

Yum! Brands (NYSE:YUM) last issued its earnings results on Tuesday, November 3rd. The restaurant operator reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.05. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.05 billion. Yum! Brands had a net margin of 25.42% and a negative return on equity of 24.57%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.58 EPS. As a group, sell-side analysts expect that Yum! Brands, Inc. will post 6.41 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Wednesday, September 9th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, September 9th. Yum! Brands’s payout ratio is currently 24.08%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Argus cut Yum! Brands from a “buy” rating to a “hold” rating in a report on Thursday, September 24th. Guggenheim upped their price target on Yum! Brands from $155.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday. Citigroup raised their price objective on Yum! Brands from $163.00 to $171.00 and gave the stock a “neutral” rating in a report on Wednesday. KeyCorp reaffirmed a “sector weight” rating on shares of Yum! Brands in a research note on Wednesday. Finally, Gordon Haskett dropped their target price on shares of Yum! Brands from $182.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Fourteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Yum! Brands currently has an average rating of “Hold” and a consensus target price of $175.67.

Yum! Brands Profile

Yum! Brands, Inc is a global restaurant company that operates and franchises quick-service restaurants under the KFC, Taco Bell, Pizza Hut and Habit Burger & Grill brands. Its restaurants serve customers through dine-in, takeout, delivery and digital ordering channels.

The company’s brands offer a range of products, including KFC’s chicken meals, Taco Bell’s Mexican-inspired food, Pizza Hut’s pizzas and related items, and Habit Burger & Grill’s chargrilled burgers and sandwiches.