Atria Investments Inc Purchases 449 Shares of Yum! Brands, Inc. $YUM

Atria Investments Inc grew its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,349 shares of the restaurant operator’s stock after buying an additional 449 shares during the quarter. Atria Investments Inc’s holdings in Yum! Brands were worth $4,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of YUM. Manchester Capital Management LLC lifted its holdings in shares of Yum! Brands by 78.0% during the 1st quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 71 shares during the period. Greykasell Wealth Strategies Inc. bought a new position in shares of Yum! Brands during the 1st quarter valued at $25,000. HFM Investment Advisors LLC bought a new position in shares of Yum! Brands during the 1st quarter valued at $25,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Yum! Brands during the 2nd quarter valued at $29,000. Finally, Wayfinding Financial LLC bought a new position in Yum! Brands in the 1st quarter worth $32,000. 82.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on YUM shares. Piper Sandler raised their target price on Yum! Brands from $155.00 to $157.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. Royal Bank Of Canada started coverage on Yum! Brands in a report on Wednesday, October 8th. They issued a “sector perform” rating and a $165.00 target price on the stock. Citigroup raised their target price on Yum! Brands from $156.00 to $158.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. TD Cowen decreased their target price on Yum! Brands from $158.00 to $156.00 and set a “hold” rating on the stock in a report on Tuesday, August 5th. Finally, Wells Fargo & Company decreased their target price on Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 6th. Eleven equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $162.82.

Yum! Brands Stock Down 0.8%

NYSE:YUM opened at $138.01 on Friday. The business’s 50-day simple moving average is $146.43 and its two-hundred day simple moving average is $146.11. The stock has a market cap of $38.30 billion, a PE ratio of 27.22, a P/E/G ratio of 2.08 and a beta of 0.72. Yum! Brands, Inc. has a 52 week low of $122.13 and a 52 week high of $163.30.

Yum! Brands (NYSE:YUM) last posted 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 the consensus estimate of $1.94 billion. Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. Yum! Brands’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.35 earnings per share. Sell-side analysts anticipate that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.71 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.84 dividend on an annualized basis and a yield of 2.1%. Yum! Brands’s dividend payout ratio (DPR) is currently 56.02%.

Insiders Place Their Bets

In other Yum! Brands news, CEO David W. Gibbs sold 7,176 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $149.80, for a total transaction of $1,074,964.80. Following the sale, the chief executive officer directly owned 102,893 shares of the company’s stock, valued at $15,413,371.40. This trade represents a 6.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Tracy L. Skeans sold 12,220 shares of the firm’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $148.24, for a total value of $1,811,492.80. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 29,078 shares of company stock valued at $4,304,785 in the last ninety days. Insiders own 0.33% of the company’s stock.

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.