Allspring Global Investments Holdings LLC Has $1.83 Million Holdings in Yum! Brands, Inc. $YUM

Key Points

• Allspring Global Investments Holdings LLC significantly reduced its stake in Yum! Brands, holding just $1.83 million after selling 67,298 shares in Q2.
• Yum! Brands reported a Q2 earnings per share of $1.44, missing estimates by $0.02, despite a revenue increase of 9.6% year-over-year.
• The company declared a quarterly dividend of $0.71, translating to an annualized yield of 1.9% with a payout ratio of 56.02%.

Allspring Global Investments Holdings LLC reduced its holdings in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 84.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,191 shares of the restaurant operator's stock after selling 67,298 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Yum! Brands were worth $1,833,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. HFM Investment Advisors LLC bought a new position in shares of Yum! Brands during the 1st quarter worth approximately $25,000. Greykasell Wealth Strategies Inc. bought a new position in shares of Yum! Brands during the 1st quarter worth approximately $25,000. Manchester Capital Management LLC grew its stake 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 worth $25,000 after acquiring an additional 71 shares in the last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Yum! Brands during the 2nd quarter worth approximately $29,000. Finally, Wayfinding Financial LLC bought a new position in shares of Yum! Brands during the 1st quarter worth approximately $32,000. 82.37% of the stock is owned by institutional investors.

Yum! Brands Price Performance

YUM stock opened at $148.64 on Wednesday. The company has a fifty day moving average price of $147.41 and a two-hundred day moving average price of $146.23. Yum! Brands, Inc. has a one year low of $122.13 and a one year high of $163.30. The stock has a market cap of $41.25 billion, a price-to-earnings ratio of 29.32, a price-to-earnings-growth ratio of 2.30 and a beta of 0.72.

Yum! Brands (NYSE:YUM - Get Free Report) last posted its earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 earnings per share for the quarter, missing analysts' consensus estimates of $1.46 by ($0.02). Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%.The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the business posted $1.35 EPS. The firm's quarterly revenue was up 9.6% compared to the same quarter last year. Research analysts anticipate that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 2nd. Yum! Brands's payout ratio is 56.02%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Piper Sandler raised their price target 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. Guggenheim reissued a "buy" rating and issued a $167.00 target price (up from $165.00) on shares of Yum! Brands in a research note on Monday, August 4th. TD Cowen decreased their target price on shares of Yum! Brands from $158.00 to $156.00 and set a "hold" rating for the company in a research note on Tuesday, August 5th. Barclays reissued an "overweight" rating and issued a $164.00 target price (down from $167.00) on shares of Yum! Brands in a research note on Tuesday, August 5th. Finally, Wells Fargo & Company decreased their target price on shares of Yum! Brands from $160.00 to $155.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 6th. Eleven research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $163.18.

Insider Buying and Selling

In other Yum! Brands news, CEO Scott Mezvinsky sold 275 shares of the business's stock in a transaction dated Wednesday, October 1st. The stock was 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. The trade was a 13.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Weir Mirian M. Graddick sold 2,038 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $145.30, for a total value of $296,121.40. Following the transaction, the director directly owned 1,233 shares of the company's stock, valued at approximately $179,154.90. The trade was a 62.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,078 shares of company stock worth $4,304,785 in the last ninety days. 0.33% of the stock is owned by company insiders.

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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