Allianz Asset Management GmbH Acquires 125,577 Shares of Yum! Brands, Inc. $YUM

Key Points

• Allianz Asset Management GmbH significantly increased its stake in Yum! Brands, acquiring 125,577 shares, bringing its total holdings to 175,464 shares, valued at approximately $26 million.
• Yum! Brands recently reported a quarterly EPS of $1.44, slightly missing analysts' expectations of $1.46, with a revenue of $1.93 billion, also below the anticipated $1.94 billion.
• The company's dividend yield stands at 2.0% with an annualized dividend payout of $2.84, reflecting a payout ratio of 56.02% as disclosed in their recent filings.

Allianz Asset Management GmbH grew its holdings in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 251.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 175,464 shares of the restaurant operator's stock after acquiring an additional 125,577 shares during the period. Allianz Asset Management GmbH owned 0.06% of Yum! Brands worth $26,000,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Manchester Capital Management LLC grew its position in Yum! Brands by 78.0% in the first quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator's stock worth $25,000 after acquiring an additional 71 shares in the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in shares of Yum! Brands during the 1st quarter worth $25,000. HFM Investment Advisors LLC bought a new stake in shares of Yum! Brands during the 1st quarter worth $25,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Yum! Brands during the 2nd quarter worth $29,000. Finally, Wayfinding Financial LLC bought a new stake in shares of Yum! Brands during the 1st quarter worth $32,000. 82.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Evercore ISI decreased their price objective on shares of Yum! Brands from $170.00 to $165.00 and set an "in-line" rating for the company in a report on Wednesday, August 6th. TD Cowen decreased their price objective on shares of Yum! Brands from $158.00 to $156.00 and set a "hold" rating for the company in a report on Tuesday, August 5th. JPMorgan Chase & Co. decreased their price objective on shares of Yum! Brands from $162.00 to $160.00 and set an "overweight" rating for the company in a report on Wednesday, August 6th. Guggenheim reiterated a "buy" rating and set a $167.00 target price (up from $165.00) on shares of Yum! Brands in a research note on Monday, August 4th. Finally, Barclays reiterated an "overweight" rating and set a $164.00 target price (down from $167.00) on shares of Yum! Brands in a research note on Tuesday, August 5th. Eleven equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $161.48.

Yum! Brands Price Performance

NYSE:YUM opened at $145.25 on Friday. The stock has a market cap of $40.31 billion, a P/E ratio of 28.65, a PEG ratio of 2.25 and a beta of 0.72. Yum! Brands, Inc. has a one year low of $122.13 and a one year high of $163.30. The company has a fifty day moving average price of $147.14 and a 200 day moving average price of $146.31.

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 business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the company posted $1.35 EPS. The company's quarterly revenue was up 9.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were paid a $0.71 dividend. The ex-dividend date 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 is currently 56.02%.

Insider Buying and Selling at Yum! Brands

In other news, COO Tracy L. Skeans sold 12,220 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $148.24, for a total value of $1,811,492.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott Mezvinsky sold 275 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $152.59, for a total transaction of $41,962.25. Following the completion of the transaction, the chief executive officer owned 1,755 shares of the company's stock, valued at approximately $267,795.45. This represents a 13.55% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,078 shares of company stock worth $4,304,785. Corporate insiders own 0.33% of the company's stock.

About Yum! Brands

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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