Truist Financial Corp Has $16.37 Million Stake in Yum! Brands, Inc. (NYSE:YUM)

Truist Financial Corp increased its stake in Yum! Brands, Inc. (NYSE:YUM) by 1.5% in the 4th quarter, Holdings Channel reports. The firm owned 125,293 shares of the restaurant operator’s stock after purchasing an additional 1,847 shares during the period. Truist Financial Corp’s holdings in Yum! Brands were worth $16,371,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in YUM. Sustainable Growth Advisers LP increased its stake in shares of Yum! Brands by 3.8% in the third quarter. Sustainable Growth Advisers LP now owns 5,766,650 shares of the restaurant operator’s stock worth $720,485,000 after purchasing an additional 210,238 shares during the period. Northern Trust Corp lifted its holdings in shares of Yum! Brands by 3.9% during the third quarter. Northern Trust Corp now owns 3,278,341 shares of the restaurant operator’s stock worth $409,596,000 after buying an additional 124,080 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Yum! Brands by 121.8% in the third quarter. Deutsche Bank AG now owns 1,819,809 shares of the restaurant operator’s stock worth $227,367,000 after acquiring an additional 999,443 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Yum! Brands by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,521,511 shares of the restaurant operator’s stock worth $190,098,000 after acquiring an additional 12,654 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in Yum! Brands by 5.8% during the fourth quarter. California Public Employees Retirement System now owns 1,266,114 shares of the restaurant operator’s stock worth $165,430,000 after acquiring an additional 69,703 shares during the period. Institutional investors own 82.37% of the company’s stock.

Yum! Brands Price Performance

NYSE YUM opened at $141.25 on Wednesday. The stock’s 50 day simple moving average is $138.30 and its 200 day simple moving average is $131.37. Yum! Brands, Inc. has a one year low of $115.53 and a one year high of $143.24. The firm has a market cap of $39.76 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 2.25 and a beta of 1.10.

Yum! Brands (NYSE:YUM) last announced its earnings results on Wednesday, February 7th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.13). Yum! Brands had a net margin of 22.57% and a negative return on equity of 17.76%. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter last year, the business posted $1.31 earnings per share. The business’s quarterly revenue was up .8% compared to the same quarter last year. As a group, equities analysts expect that Yum! Brands, Inc. will post 5.73 earnings per share for the current year.

Insider Buying and Selling at Yum! Brands

In other news, CEO David W. Gibbs sold 7,067 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $136.34, for a total transaction of $963,514.78. Following the completion of the sale, the chief executive officer now owns 175,377 shares in the company, valued at $23,910,900.18. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Yum! Brands news, CEO David W. Gibbs sold 7,078 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $138.37, for a total value of $979,382.86. Following the transaction, the chief executive officer now directly owns 172,128 shares of the company’s stock, valued at $23,817,351.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David W. Gibbs sold 7,067 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $136.34, for a total transaction of $963,514.78. Following the sale, the chief executive officer now owns 175,377 shares of the company’s stock, valued at approximately $23,910,900.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,064 shares of company stock worth $3,228,698. Insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on YUM shares. Wells Fargo & Company downgraded shares of Yum! Brands from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $150.00 to $135.00 in a report on Thursday, January 11th. Royal Bank of Canada cut their price target on Yum! Brands from $145.00 to $141.00 and set a “sector perform” rating for the company in a report on Friday, February 9th. TD Cowen reissued a “buy” rating and set a $160.00 price objective on shares of Yum! Brands in a report on Wednesday, April 10th. Guggenheim upped their target price on Yum! Brands from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Finally, Barclays decreased their price target on shares of Yum! Brands from $146.00 to $144.00 and set an “overweight” rating on the stock in a research note on Thursday, February 8th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Yum! Brands presently has an average rating of “Hold” and a consensus target price of $144.75.

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.