OLD Point Trust & Financial Services N A Has $2.22 Million Stake in Yum! Brands, Inc. $YUM

OLD Point Trust & Financial Services N A boosted its position in Yum! Brands, Inc. (NYSE:YUM) by 1.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,982 shares of the restaurant operator’s stock after buying an additional 255 shares during the period. OLD Point Trust & Financial Services N A’s holdings in Yum! Brands were worth $2,220,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in Yum! Brands by 1.9% in the 1st quarter. Principal Financial Group Inc. now owns 353,103 shares of the restaurant operator’s stock worth $55,564,000 after purchasing an additional 6,673 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Yum! Brands by 1.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 256,961 shares of the restaurant operator’s stock worth $40,435,000 after purchasing an additional 3,172 shares in the last quarter. Dakota Wealth Management bought a new stake in Yum! Brands in the 1st quarter worth about $1,172,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Yum! Brands by 11.5% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 498,597 shares of the restaurant operator’s stock worth $78,459,000 after purchasing an additional 51,419 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its position in Yum! Brands by 5.3% in the 1st quarter. Asset Management One Co. Ltd. now owns 134,710 shares of the restaurant operator’s stock worth $21,198,000 after purchasing an additional 6,793 shares in the last quarter. 82.37% of the stock is owned by institutional investors.

Insider Buying and Selling at Yum! Brands

In related news, Director Weir Mirian M. Graddick sold 2,038 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $145.30, for a total transaction of $296,121.40. Following the sale, the director directly owned 1,233 shares in the company, valued at approximately $179,154.90. This represents a 62.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO David W. Gibbs sold 7,176 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $149.80, for a total transaction of $1,074,964.80. Following the sale, the chief executive officer owned 102,893 shares in the company, valued at $15,413,371.40. The trade was a 6.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,078 shares of company stock valued at $4,304,785. 0.33% of the stock is owned by corporate insiders.

Yum! Brands Trading Down 0.8%

Shares of YUM stock opened at $147.35 on Thursday. The stock has a market capitalization of $40.89 billion, a P/E ratio of 29.06, a PEG ratio of 2.30 and a beta of 0.72. The firm’s 50 day moving average is $147.46 and its 200 day moving average is $146.23. Yum! Brands, Inc. has a 12 month low of $122.13 and a 12 month high of $163.30.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.02). The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 earnings per share. On average, equities analysts predict that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors 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 dividend payout ratio is presently 56.02%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Citigroup increased their target price on shares of Yum! Brands from $156.00 to $158.00 and gave the company a “neutral” rating in a research report on Monday. Barclays reduced their target price on shares of Yum! Brands from $164.00 to $163.00 and set an “overweight” rating for the company in a research report on Wednesday. Sanford C. Bernstein set a $164.00 target price on shares of Yum! Brands in a research report on Tuesday, August 5th. Piper Sandler increased their target price on shares of Yum! Brands from $155.00 to $157.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. Finally, Evercore ISI reduced their target price on shares of Yum! Brands from $170.00 to $165.00 and set an “in-line” rating for the company in a research report on Wednesday, August 6th. Eleven analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, Yum! Brands has a consensus rating of “Hold” and a consensus target price of $163.14.

Yum! Brands Company 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.