Yum! Brands, Inc. (NYSE:YUM) Shares Sold by SouthState Corp

SouthState Corp lessened its position in Yum! Brands, Inc. (NYSE:YUM) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,189 shares of the restaurant operator’s stock after selling 143 shares during the quarter. SouthState Corp’s holdings in Yum! Brands were worth $547,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Natixis Advisors L.P. raised its holdings in Yum! Brands by 0.7% in the 4th quarter. Natixis Advisors L.P. now owns 442,414 shares of the restaurant operator’s stock valued at $57,805,000 after acquiring an additional 3,115 shares during the last quarter. Benjamin Edwards Inc. increased its position in Yum! Brands by 8.0% during the fourth quarter. Benjamin Edwards Inc. now owns 1,150 shares of the restaurant operator’s stock worth $150,000 after purchasing an additional 85 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Yum! Brands by 1.5% in the 4th quarter. Fisher Asset Management LLC now owns 43,899 shares of the restaurant operator’s stock valued at $5,736,000 after buying an additional 663 shares during the period. First Trust Direct Indexing L.P. increased its holdings in shares of Yum! Brands by 15.2% during the 4th quarter. First Trust Direct Indexing L.P. now owns 9,063 shares of the restaurant operator’s stock worth $1,184,000 after buying an additional 1,194 shares during the last quarter. Finally, RB Capital Management LLC lifted its holdings in Yum! Brands by 3.4% in the fourth quarter. RB Capital Management LLC now owns 9,383 shares of the restaurant operator’s stock valued at $1,226,000 after acquiring an additional 310 shares during the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

YUM has been the subject of a number of recent analyst reports. TD Cowen reissued a “buy” rating and set a $160.00 price objective on shares of Yum! Brands in a research report on Wednesday. Wells Fargo & Company lowered shares of Yum! Brands from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $150.00 to $135.00 in a research note on Thursday, January 11th. Argus reissued a “hold” rating on shares of Yum! Brands in a research note on Wednesday, April 10th. BMO Capital Markets raised their price target on shares of Yum! Brands from $133.00 to $135.00 and gave the company a “market perform” rating in a research report on Thursday. Finally, Guggenheim upped their price objective on Yum! Brands from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $144.31.

Insiders Place Their Bets

In other news, CEO David W. Gibbs sold 7,067 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $136.34, for a total value of $963,514.78. Following the completion of the sale, the chief executive officer now directly owns 175,377 shares of the company’s stock, valued at approximately $23,910,900.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO David W. Gibbs sold 7,067 shares of Yum! Brands stock in a transaction on Friday, March 15th. The shares were sold at an average price of $136.34, for a total value of $963,514.78. Following the transaction, the chief executive officer now directly owns 175,377 shares of the company’s stock, valued at approximately $23,910,900.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David Eric Russell sold 9,919 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $129.63, for a total transaction of $1,285,799.97. Following the completion of the sale, the vice president now owns 18,661 shares of the company’s stock, valued at approximately $2,419,025.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,064 shares of company stock valued at $3,228,698. 0.31% of the stock is currently owned by insiders.

Yum! Brands Price Performance

Shares of NYSE YUM traded down $0.73 during midday trading on Friday, hitting $134.34. 2,421,937 shares of the company’s stock were exchanged, compared to its average volume of 2,007,162. The firm’s fifty day simple moving average is $138.25 and its 200-day simple moving average is $131.42. The company has a market cap of $37.82 billion, a PE ratio of 23.82, a P/E/G ratio of 2.13 and a beta of 1.07. Yum! Brands, Inc. has a twelve month low of $115.53 and a twelve month high of $143.20.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.05). Yum! Brands had a negative return on equity of 18.64% and a net margin of 22.92%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the prior year, the firm posted $1.06 EPS. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. Equities analysts anticipate that Yum! Brands, Inc. will post 5.73 EPS for the current fiscal year.

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.