Midwest Trust Co Takes $697,000 Position in Yum! Brands, Inc. $YUM

Midwest Trust Co acquired a new position in shares of Yum! Brands, Inc. (NYSE:YUM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,701 shares of the restaurant operator’s stock, valued at approximately $697,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Acadian Asset Management LLC purchased a new stake in shares of Yum! Brands in the second quarter valued at $30,700,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Yum! Brands by 6.3% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 529,856 shares of the restaurant operator’s stock valued at $78,514,000 after purchasing an additional 31,259 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Yum! Brands by 124.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 6,140 shares of the restaurant operator’s stock worth $910,000 after purchasing an additional 3,410 shares during the last quarter. Magellan Asset Management Ltd grew its holdings in shares of Yum! Brands by 35.9% during the second quarter. Magellan Asset Management Ltd now owns 2,306,932 shares of the restaurant operator’s stock worth $341,841,000 after buying an additional 609,223 shares in the last quarter. Finally, Aviva PLC lifted its stake in shares of Yum! Brands by 6.6% during the second quarter. Aviva PLC now owns 207,894 shares of the restaurant operator’s stock valued at $30,806,000 after buying an additional 12,802 shares during the period. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Yum! Brands Stock Performance

Shares of NYSE:YUM opened at $150.60 on Wednesday. The stock has a 50-day simple moving average of $146.62 and a 200-day simple moving average of $146.28. The stock has a market capitalization of $41.80 billion, a P/E ratio of 29.70, a PEG ratio of 2.08 and a beta of 0.73. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30.

Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.12. Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the firm earned $1.37 earnings per share. Yum! Brands’s revenue for the quarter was up 8.4% on a year-over-year basis. Analysts predict that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Yum! Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, September 2nd. Yum! Brands’s payout ratio is currently 55.36%.

Analysts Set New Price Targets

Several research analysts have weighed in on YUM shares. Barclays boosted their price target on Yum! Brands from $163.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. TD Cowen upped their target price on Yum! Brands from $156.00 to $162.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. BMO Capital Markets raised their price target on Yum! Brands from $150.00 to $155.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Yum! Brands in a research note on Wednesday, October 8th. Finally, Piper Sandler boosted their target price on shares of Yum! Brands from $157.00 to $158.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Twelve equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $166.29.

Insider Buying and Selling

In other Yum! Brands news, COO Tracy L. Skeans sold 12,220 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $148.24, for a total value of $1,811,492.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott Mezvinsky sold 1,755 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $148.81, for a total transaction of $261,161.55. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 32,112 shares of company stock valued at $4,760,814. 0.33% of the stock is 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.