3,700 Shares in Yum! Brands, Inc. $YUM Acquired by Sather Financial Group Inc

Key Points

• Sather Financial Group Inc has acquired 3,700 shares of Yum! Brands, valued at approximately $548,000, indicating growing institutional interest in the restaurant operator.
• Yum! Brands reported $1.44 earnings per share for the last quarter, missing analysts' estimates and showing a 9.6% increase in revenue year-over-year despite underwhelming EPS performance.
• The company declared a quarterly dividend of $0.71 per share, with a 2.0% dividend yield, representing a solid return for investors amidst stock buy and sell activities by insiders.

Sather Financial Group Inc acquired a new position in Yum! Brands, Inc. (NYSE:YUM - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,700 shares of the restaurant operator's stock, valued at approximately $548,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Yum! Brands by 1.4% in the first quarter. Vanguard Group Inc. now owns 34,109,219 shares of the restaurant operator's stock worth $5,367,427,000 after buying an additional 483,918 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Yum! Brands by 2.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,098,801 shares of the restaurant operator's stock worth $330,267,000 after acquiring an additional 53,326 shares during the period. TD Asset Management Inc raised its stake in Yum! Brands by 1.4% during the 1st quarter. TD Asset Management Inc now owns 1,954,145 shares of the restaurant operator's stock worth $307,504,000 after acquiring an additional 27,355 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Yum! Brands by 28.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,940,044 shares of the restaurant operator's stock worth $305,286,000 after acquiring an additional 430,511 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Yum! Brands by 1.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,700,298 shares of the restaurant operator's stock worth $267,559,000 after acquiring an additional 23,008 shares during the period. Hedge funds and other institutional investors own 82.37% of the company's stock.

Insider Buying and Selling at Yum! Brands

In related news, CEO Scott Mezvinsky sold 275 shares of the firm's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $152.59, for a total value of $41,962.25. Following the completion of the transaction, the chief executive officer directly owned 1,755 shares of the company's stock, valued at approximately $267,795.45. This trade represents a 13.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Weir Mirian M. Graddick sold 2,038 shares of the firm's stock in a transaction 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 completion of the transaction, the director directly owned 1,233 shares of the company's stock, valued at approximately $179,154.90. This trade represents a 62.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,195 shares of company stock valued at $5,348,137. 0.33% of the stock is owned by company insiders.

Yum! Brands Price Performance

Shares of YUM opened at $141.53 on Friday. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30. The company has a 50 day simple moving average of $147.04 and a two-hundred day simple moving average of $146.80. The firm has a market cap of $39.28 billion, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 2.21 and a beta of 0.72.

Yum! Brands (NYSE:YUM - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.46 by ($0.02). Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The company had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period last year, the business earned $1.35 earnings per share. The company's quarterly revenue was up 9.6% compared to the same quarter last year. On average, sell-side 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 announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were issued a $0.71 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.0%. Yum! Brands's dividend payout ratio (DPR) is 56.02%.

Analysts Set New Price Targets

YUM has been the topic of a number of recent analyst reports. Melius initiated coverage on shares of Yum! Brands in a research note on Monday, July 14th. They set a "buy" rating and a $200.00 target price on the stock. Piper Sandler raised their target price on shares of Yum! Brands from $155.00 to $157.00 and gave the stock a "neutral" rating in a research note on Thursday, October 2nd. Weiss Ratings restated a "buy (b)" rating on shares of Yum! Brands in a research note on Wednesday. Barclays restated an "overweight" rating and set a $164.00 target price (down previously from $167.00) on shares of Yum! Brands in a research note on Tuesday, August 5th. Finally, Wells Fargo & Company cut their price objective on shares of Yum! Brands from $160.00 to $155.00 and set an "equal weight" rating for the company in a report on Wednesday, August 6th. Eleven research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, Yum! Brands presently has a consensus rating of "Hold" and an average target price of $161.48.

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.

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