SOL Capital Management CO Sells 4,200 Shares of Yum! Brands, Inc. (NYSE:YUM)

SOL Capital Management CO cut its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 39.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,510 shares of the restaurant operator’s stock after selling 4,200 shares during the quarter. SOL Capital Management CO’s holdings in Yum! Brands were worth $873,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Safe Harbor Fiduciary LLC acquired a new position in Yum! Brands in the third quarter valued at about $29,000. DiNuzzo Private Wealth Inc. raised its stake in shares of Yum! Brands by 957.1% in the third quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 201 shares during the last quarter. Morse Asset Management Inc bought a new stake in Yum! Brands during the 3rd quarter worth approximately $42,000. Global Wealth Strategies & Associates increased its holdings in Yum! Brands by 649.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 367 shares of the restaurant operator’s stock valued at $49,000 after purchasing an additional 318 shares in the last quarter. Finally, Bruce G. Allen Investments LLC raised its position in Yum! Brands by 44.6% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 441 shares of the restaurant operator’s stock valued at $62,000 after purchasing an additional 136 shares during the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on YUM shares. Deutsche Bank Aktiengesellschaft decreased their target price on Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Oppenheimer boosted their target price on shares of Yum! Brands from $154.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Redburn Atlantic lowered shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. TD Cowen reaffirmed a “hold” rating and set a $145.00 price objective on shares of Yum! Brands in a report on Wednesday, November 6th. Finally, Argus raised Yum! Brands from a “hold” rating to a “buy” rating and set a $155.00 target price for the company in a research note on Tuesday, December 31st. Thirteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $144.89.

Yum! Brands Trading Down 0.2 %

YUM stock opened at $130.48 on Friday. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $143.20. The firm has a market cap of $36.41 billion, a PE ratio of 24.39, a P/E/G ratio of 2.11 and a beta of 1.11. The business’s 50-day moving average price is $132.69 and its two-hundred day moving average price is $133.53.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.04). The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.90 billion. Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. Yum! Brands’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.44 earnings per share. On average, analysts forecast that Yum! Brands, Inc. will post 5.46 earnings per share for the current year.

Yum! Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.05%. Yum! Brands’s payout ratio is 50.09%.

Insider Activity at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,059 shares of Yum! Brands stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $135.94, for a total value of $959,600.46. Following the sale, the chief executive officer now owns 149,385 shares of the company’s stock, valued at $20,307,396.90. This trade represents a 4.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.31% of the stock is currently owned by insiders.

About Yum! Brands

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.