Yum! Brands, Inc. $YUM Shares Sold by TD Asset Management Inc

TD Asset Management Inc reduced its holdings in Yum! Brands, Inc. (NYSE:YUM) by 1.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,725,699 shares of the restaurant operator’s stock after selling 27,062 shares during the period. TD Asset Management Inc owned about 0.62% of Yum! Brands worth $262,306,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of YUM. Mufg Securities Americas Inc. raised its stake in shares of Yum! Brands by 21.5% during the 3rd quarter. Mufg Securities Americas Inc. now owns 7,484 shares of the restaurant operator’s stock worth $1,138,000 after buying an additional 1,324 shares during the period. Compound Planning Inc. boosted its holdings in shares of Yum! Brands by 12.6% during the 3rd quarter. Compound Planning Inc. now owns 3,765 shares of the restaurant operator’s stock worth $572,000 after purchasing an additional 421 shares during the last quarter. Dakota Wealth Management increased its stake in shares of Yum! Brands by 18.8% in the 3rd quarter. Dakota Wealth Management now owns 10,589 shares of the restaurant operator’s stock worth $1,610,000 after acquiring an additional 1,679 shares during the last quarter. Trajan Wealth LLC raised its stake in Yum! Brands by 0.7% during the third quarter. Trajan Wealth LLC now owns 31,470 shares of the restaurant operator’s stock worth $4,783,000 after purchasing an additional 224 shares during the period. Finally, Vestmark Advisory Solutions Inc. purchased a new position in Yum! Brands in the third quarter worth approximately $510,000. 82.37% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Aaron Powell sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $161.44, for a total value of $1,937,280.00. Following the completion of the sale, the chief executive officer owned 14,650 shares in the company, valued at approximately $2,365,096. This represents a 45.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Scott Mezvinsky sold 1,612 shares of Yum! Brands stock in a transaction on Friday, February 13th. The shares were sold at an average price of $164.63, for a total value of $265,383.56. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,888 shares of company stock worth $2,244,938 over the last ninety days. 0.33% of the stock is owned by insiders.

Yum! Brands Trading Down 0.4%

Shares of NYSE YUM opened at $165.80 on Wednesday. The company has a market capitalization of $45.83 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 2.34 and a beta of 0.66. Yum! Brands, Inc. has a twelve month low of $137.33 and a twelve month high of $169.39. The business has a 50 day simple moving average of $156.63 and a 200-day simple moving average of $150.63.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Wednesday, February 4th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.03). The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.45 billion. Yum! Brands had a negative return on equity of 22.42% and a net margin of 18.98%.The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the business posted $1.61 EPS. As a group, equities analysts predict that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Yum! Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 20th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $3.00 annualized dividend and a dividend yield of 1.8%. This is an increase from Yum! Brands’s previous quarterly dividend of $0.71. Yum! Brands’s dividend payout ratio is presently 54.05%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on YUM shares. TD Cowen reissued a “buy” rating and set a $180.00 target price on shares of Yum! Brands in a research note on Thursday, February 5th. Oppenheimer downgraded shares of Yum! Brands from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 6th. BMO Capital Markets reiterated a “market perform” rating and issued a $165.00 target price on shares of Yum! Brands in a research note on Thursday, February 5th. Piper Sandler reaffirmed a “neutral” rating on shares of Yum! Brands in a report on Friday, December 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Yum! Brands in a research report on Monday, December 29th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Yum! Brands currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.50.

Yum! Brands Company Profile

Yum! Brands, Inc (NYSE: YUM) is a global quick-service restaurant company that develops, operates and franchises a portfolio of well-known restaurant brands. The company’s principal brands are KFC, Pizza Hut and Taco Bell, each focused on distinct product categories—KFC on fried chicken and related menu items, Pizza Hut on pizza and complementary offerings, and Taco Bell on Mexican-inspired quick-service food. Yum! is headquartered in Louisville, Kentucky and was formed as Tricon Global Restaurants in 1997 when PepsiCo spun off its restaurant businesses, later adopting the Yum! Brands name.

The company’s operating model centers on brand development, system growth and franchising; a large portion of its restaurants are operated by independent franchisees, and Yum! generates revenue through franchise royalties and fees in addition to sales from company-operated locations.