Campbell & CO Investment Adviser LLC Makes New $2.03 Million Investment in Yum! Brands, Inc. $YUM

Key Points

• Campbell & CO Investment Adviser LLC has made a new investment of approximately $2.03 million in shares of Yum! Brands, acquiring 12,868 shares during the first quarter.
• Yum! Brands has reported negative earnings with a quarterly EPS of $1.44, missing estimates by $0.02, although its revenue increased by 9.6% year-over-year.
• The company has declared a quarterly dividend of $0.71 per share, representing an annualized yield of 1.9%, with the payout ratio at 56.02%.

Campbell & CO Investment Adviser LLC bought a new position in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,868 shares of the restaurant operator's stock, valued at approximately $2,025,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in YUM. GAMMA Investing LLC increased its stake in Yum! Brands by 14,795.6% during the first quarter. GAMMA Investing LLC now owns 769,805 shares of the restaurant operator's stock worth $121,137,000 after acquiring an additional 764,637 shares during the last quarter. Nuveen LLC acquired a new stake in Yum! Brands during the first quarter worth $97,453,000. Northern Trust Corp increased its stake in Yum! Brands by 20.4% during the fourth quarter. Northern Trust Corp now owns 3,545,872 shares of the restaurant operator's stock worth $475,714,000 after acquiring an additional 601,361 shares during the last quarter. Vanguard Group Inc. increased its stake in Yum! Brands by 1.4% during the first quarter. Vanguard Group Inc. now owns 34,109,219 shares of the restaurant operator's stock worth $5,367,427,000 after acquiring an additional 483,918 shares during the last quarter. 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 valued at $305,286,000 after buying an additional 430,511 shares in the last quarter. Institutional investors and hedge funds own 82.37% of the company's stock.

Yum! Brands Trading Down 0.2%

NYSE:YUM opened at $147.7230 on Monday. The firm has a market cap of $41.00 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 2.31 and a beta of 0.73. The stock has a fifty day moving average price of $146.12 and a 200 day moving average price of $148.19. Yum! Brands, Inc. has a 12-month low of $122.13 and a 12-month high of $163.30.

Yum! Brands (NYSE:YUM - Get Free Report) last announced its quarterly earnings results 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). The business had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.94 billion. Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%.The firm's quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm earned $1.35 earnings per share. Equities analysts forecast that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Announces Dividend

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

Insiders Place Their Bets

In other Yum! Brands news, COO Tracy L. Skeans sold 12,220 shares of Yum! Brands stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $148.24, for a total transaction of $1,811,492.80. The sale was disclosed in a 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 Yum! Brands 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 sale, the director directly owned 1,233 shares of the company's stock, valued at $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. Insiders sold 29,284 shares of company stock valued at $4,310,663 over the last quarter. Corporate insiders own 0.33% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on YUM. The Goldman Sachs Group raised Yum! Brands from a "neutral" rating to a "buy" rating and set a $167.00 price objective for the company in a research note on Wednesday, June 4th. Barclays reaffirmed an "overweight" rating and issued a $164.00 price objective (down from $167.00) on shares of Yum! Brands in a research note on Tuesday, August 5th. Piper Sandler lifted their price objective on Yum! Brands from $150.00 to $155.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Oppenheimer reaffirmed an "outperform" rating and issued a $185.00 price objective on shares of Yum! Brands in a research note on Monday, April 28th. Finally, Morgan Stanley decreased their target price on Yum! Brands from $153.00 to $151.00 and set an "equal weight" rating for the company in a report on Wednesday, August 6th. Ten research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $161.23.

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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