Callan Family Office LLC Buys 5,390 Shares of Yum! Brands, Inc. $YUM

Key Points

• Callan Family Office LLC increased its stake in Yum! Brands, Inc. by 326.1% in the second quarter, acquiring an additional 5,390 shares, bringing its total holdings to 7,043 shares worth approximately $1,044,000.
• Insider sales included a transaction from Director Weir Mirian M. Graddick, who sold 2,038 shares at an average price of $145.30, resulting in a significant ownership decrease of 62.31%.
• Yum! Brands announced a quarterly dividend of $0.71 per share, with a dividend yield of 2.0% based on a payout ratio of 56.02%.

Callan Family Office LLC grew its stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 326.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,043 shares of the restaurant operator's stock after buying an additional 5,390 shares during the quarter. Callan Family Office LLC's holdings in Yum! Brands were worth $1,044,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of YUM. Nuveen LLC bought a new stake in shares of Yum! Brands during the first quarter worth $97,453,000. Vanguard Group Inc. grew its stake 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 purchasing an additional 483,918 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Yum! Brands by 2,288.1% in the second quarter. Assenagon Asset Management S.A. now owns 502,267 shares of the restaurant operator's stock worth $74,426,000 after purchasing an additional 481,235 shares during the last quarter. Platinum Investment Management Ltd. bought a new stake in shares of Yum! Brands in the second quarter worth $64,352,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Yum! Brands by 28.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,940,044 shares of the restaurant operator's stock worth $305,286,000 after purchasing an additional 430,511 shares during the last quarter. Institutional investors own 82.37% of the company's stock.

Insider Activity at Yum! Brands

In other news, Director Weir Mirian M. Graddick sold 2,038 shares of the company's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $145.30, for a total transaction of $296,121.40. Following the transaction, the director owned 1,233 shares in the company, valued at approximately $179,154.90. This represents a 62.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott Mezvinsky sold 275 shares of the company's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $152.59, for a total transaction of $41,962.25. Following the transaction, the chief executive officer owned 1,755 shares in the company, valued at $267,795.45. This represents a 13.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,195 shares of company stock worth $5,348,137 over the last three months. 0.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on YUM. Sanford C. Bernstein set a $164.00 price objective on shares of Yum! Brands in a research note on Tuesday, August 5th. Guggenheim reissued a "buy" rating and issued a $167.00 price objective (up previously from $165.00) on shares of Yum! Brands in a research note on Monday, August 4th. Weiss Ratings reissued a "buy (b)" rating on shares of Yum! Brands in a research note on Wednesday, October 8th. Evercore ISI reduced their price objective on shares of Yum! Brands from $170.00 to $165.00 and set an "in-line" rating on the stock in a research note on Wednesday, August 6th. Finally, Piper Sandler boosted their price objective 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. Eleven 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 company has a consensus rating of "Hold" and a consensus target price of $161.48.

Yum! Brands Stock Down 0.8%

YUM stock opened at $141.53 on Monday. The firm has a market cap of $39.28 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 2.21 and a beta of 0.72. Yum! Brands, Inc. has a 12-month low of $122.13 and a 12-month high of $163.30. The company's fifty day simple moving average is $147.04 and its 200 day simple moving average is $146.72.

Yum! Brands (NYSE:YUM - Get Free Report) last released its earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.02). The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.35 EPS. Research analysts expect that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Yum! Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.71 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $2.84 annualized dividend and a dividend yield of 2.0%. Yum! Brands's dividend payout ratio is currently 56.02%.

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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