Teacher Retirement System of Texas Sells 58,733 Shares of Yum! Brands, Inc. $YUM

Teacher Retirement System of Texas lowered its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 23.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,775 shares of the restaurant operator’s stock after selling 58,733 shares during the period. Teacher Retirement System of Texas owned 0.07% of Yum! Brands worth $28,390,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of YUM. Salomon & Ludwin LLC boosted its holdings in Yum! Brands by 679.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 187 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 163 shares during the period. CNB Bank increased its holdings in shares of Yum! Brands by 833.3% in the third quarter. CNB Bank now owns 224 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 200 shares during the period. Financial Gravity Companies Inc. purchased a new stake in shares of Yum! Brands in the second quarter worth $36,000. Steigerwald Gordon & Koch Inc. bought a new stake in Yum! Brands during the third quarter valued at $40,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in Yum! Brands during the second quarter valued at $42,000. Institutional investors own 82.37% of the company’s stock.

Yum! Brands Price Performance

Shares of YUM opened at $152.98 on Friday. Yum! Brands, Inc. has a 1 year low of $126.75 and a 1 year high of $163.30. The stock has a 50 day simple moving average of $152.04 and a two-hundred day simple moving average of $148.53. The firm has a market cap of $42.48 billion, a P/E ratio of 29.82, a P/E/G ratio of 2.23 and a beta of 0.67.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.12. Yum! Brands had a net margin of 17.95% and a negative return on equity of 21.79%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the business posted $1.37 EPS. The business’s quarterly revenue was up 8.4% on a year-over-year basis. On average, equities analysts anticipate that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Yum! Brands Dividend Announcement

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

Insider Buying and Selling

In other news, insider Erika Burkhardt sold 1,269 shares of Yum! Brands stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $149.37, for a total value of $189,550.53. Following the transaction, the insider owned 64 shares in the company, valued at approximately $9,559.68. The trade was a 95.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Scott Mezvinsky sold 1,755 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $148.81, for a total value of $261,161.55. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,695 shares of company stock valued at $4,582,843 over the last three months. 0.33% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on YUM shares. Morgan Stanley upped their target price on Yum! Brands from $165.00 to $176.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Sanford C. Bernstein reissued an “overweight” rating and set a $179.00 price objective on shares of Yum! Brands in a report on Wednesday, January 7th. Stifel Nicolaus set a $160.00 target price on shares of Yum! Brands in a research note on Monday, November 17th. Guggenheim cut their price target on shares of Yum! Brands from $167.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, October 28th. Finally, Piper Sandler reissued a “neutral” rating on shares of Yum! Brands in a report on Friday, December 5th. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $170.30.

Yum! Brands Profile

Yum! Brands, Inc (NYSE: YUM) is a global quick-service restaurant company that develops, operates and franchises a portfolio of well-known restaurant brands. The company’s principal brands are KFC, Pizza Hut and Taco Bell, each focused on distinct product categories—KFC on fried chicken and related menu items, Pizza Hut on pizza and complementary offerings, and Taco Bell on Mexican-inspired quick-service food. Yum! is headquartered in Louisville, Kentucky and was formed as Tricon Global Restaurants in 1997 when PepsiCo spun off its restaurant businesses, later adopting the Yum! Brands name.

The company’s operating model centers on brand development, system growth and franchising; a large portion of its restaurants are operated by independent franchisees, and Yum! generates revenue through franchise royalties and fees in addition to sales from company-operated locations.