OVERSEA CHINESE BANKING Corp Ltd Has $1.55 Million Stock Position in Yum! Brands, Inc. (NYSE:YUM)

Key Points

• OVERSEA CHINESE BANKING Corp Ltd significantly increased its stake in Yum! Brands, acquiring an additional 4,683 shares, bringing its total holdings to 9,807 shares valued at approximately $1.5 million.
• Several other institutional investors have also increased their positions in Yum! Brands, indicating strong interest, as institutional ownership now stands at 82.37% of the company's stock.
• Analysts have raised their price targets for Yum! Brands, with Evercore ISI increasing its target from $160 to $170, while Oppenheimer set a target of $185, contributing to a consensus price target of $159.86.

OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 91.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,807 shares of the restaurant operator's stock after acquiring an additional 4,683 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Yum! Brands were worth $1,546,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Northern Trust Corp grew its position 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 buying an additional 601,361 shares during the period. FMR LLC lifted its stake in shares of Yum! Brands by 1.0% during the fourth quarter. FMR LLC now owns 2,521,583 shares of the restaurant operator's stock valued at $338,296,000 after buying an additional 24,681 shares during the period. Invesco Ltd. lifted its stake in shares of Yum! Brands by 12.0% during the fourth quarter. Invesco Ltd. now owns 2,284,171 shares of the restaurant operator's stock valued at $306,444,000 after buying an additional 244,264 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Yum! Brands by 14.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,045,475 shares of the restaurant operator's stock worth $274,421,000 after purchasing an additional 258,369 shares during the period. Finally, TD Asset Management Inc raised its stake in Yum! Brands by 1.4% during the first quarter. TD Asset Management Inc now owns 1,954,145 shares of the restaurant operator's stock worth $307,504,000 after purchasing an additional 27,355 shares during the period. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Yum! Brands Trading Down 2.6%

Shares of NYSE YUM traded down $3.88 during midday trading on Tuesday, reaching $143.12. The company's stock had a trading volume of 1,457,731 shares, compared to its average volume of 2,129,629. The company has a 50 day moving average price of $145.69 and a 200 day moving average price of $146.70. The company has a market cap of $39.78 billion, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 2.11 and a beta of 0.73. Yum! Brands, Inc. has a one year low of $122.13 and a one year high of $163.30.

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 for the quarter, missing the consensus estimate of $1.46 by ($0.02). Yum! Brands had a negative return on equity of 20.80% and a net margin of 18.42%. The firm had revenue of $1.93 billion during 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 business's revenue was up 9.6% on a year-over-year basis. Research analysts anticipate that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Tuesday, May 27th were given a dividend of $0.71 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $2.84 dividend on an annualized basis and a yield of 2.0%. Yum! Brands's payout ratio is presently 56.57%.

Insider Buying and Selling

In related news, CEO David W. Gibbs sold 7,117 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $146.60, for a total transaction of $1,043,352.20. Following the transaction, the chief executive officer directly owned 102,893 shares of the company's stock, valued at approximately $15,084,113.80. The trade was a 6.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Scott Mezvinsky sold 272 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $148.28, for a total transaction of $40,332.16. Following the completion of the sale, the chief executive officer directly owned 1,755 shares of the company's stock, valued at $260,231.40. This represents a 13.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,720 shares of company stock worth $2,150,965 over the last ninety days. 0.33% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Piper Sandler raised their target price on shares of Yum! Brands from $150.00 to $155.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. TD Securities reissued a "hold" rating and set a $158.00 price objective on shares of Yum! Brands in a report on Wednesday, April 30th. Barclays raised their price target on shares of Yum! Brands from $163.00 to $167.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Morgan Stanley raised their price target on shares of Yum! Brands from $151.00 to $153.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Finally, Melius assumed 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 for the company. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Yum! Brands has an average rating of "Hold" and an average price target of $159.95.

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.