Penserra Capital Management LLC Purchases 5,425 Shares of Yum! Brands, Inc. (NYSE:YUM)

Penserra Capital Management LLC grew its position in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 741.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,157 shares of the restaurant operator's stock after purchasing an additional 5,425 shares during the period. Penserra Capital Management LLC's holdings in Yum! Brands were worth $968,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new stake in Yum! Brands during the fourth quarter valued at approximately $418,692,000. GAMMA Investing LLC increased its holdings in shares of Yum! Brands by 14,795.6% in the first quarter. GAMMA Investing LLC now owns 769,805 shares of the restaurant operator's stock valued at $121,137,000 after buying an additional 764,637 shares in the last quarter. Northern Trust Corp lifted its position in shares of Yum! Brands by 20.4% during the 4th quarter. Northern Trust Corp now owns 3,545,872 shares of the restaurant operator's stock valued at $475,714,000 after acquiring an additional 601,361 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Yum! Brands during the 4th quarter valued at $43,944,000. Finally, Man Group plc boosted its stake in shares of Yum! Brands by 602.1% during the 4th quarter. Man Group plc now owns 364,836 shares of the restaurant operator's stock worth $48,946,000 after acquiring an additional 312,871 shares in the last quarter. Institutional investors own 82.37% of the company's stock.

Yum! Brands Stock Up 1.0%

YUM traded up $1.52 during midday trading on Thursday, hitting $152.37. 1,250,070 shares of the company were exchanged, compared to its average volume of 1,999,120. The firm's 50 day moving average price is $145.79 and its 200-day moving average price is $144.41. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30. The firm has a market capitalization of $42.35 billion, a P/E ratio of 30.35, a P/E/G ratio of 2.26 and a beta of 0.74.

Yum! Brands (NYSE:YUM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $1.30 EPS for the quarter, topping the consensus estimate of $1.29 by $0.01. Yum! Brands had a net margin of 18.42% and a negative return on equity of 20.80%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the firm posted $1.15 EPS. The company's quarterly revenue was up 11.8% on a year-over-year basis. On average, sell-side analysts predict that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Tuesday, May 27th were paid a dividend of $0.71 per share. The ex-dividend date was Tuesday, May 27th. This represents a $2.84 dividend on an annualized basis and a yield of 1.86%. Yum! Brands's dividend payout ratio (DPR) is currently 56.57%.

Insider Buying and Selling

In other news, CEO David W. Gibbs sold 7,063 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $145.57, for a total value of $1,028,160.91. Following the completion of the sale, the chief executive officer owned 157,893 shares in the company, valued at $22,984,484.01. This represents a 4.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Scott Mezvinsky sold 272 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $148.28, for a total value of $40,332.16. Following the completion of the transaction, the chief executive officer directly owned 1,755 shares of the company's stock, valued at approximately $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 a total of 12,742 shares of company stock valued at $1,861,504 over the last three months. Corporate insiders own 0.33% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Piper Sandler raised their target price on shares of Yum! Brands from $150.00 to $155.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Morgan Stanley raised their price objective on shares of Yum! Brands from $147.00 to $151.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 1st. Guggenheim boosted their target price on shares of Yum! Brands from $155.00 to $165.00 and gave the company a "buy" rating in a research note on Tuesday, April 8th. Redburn Atlantic raised Yum! Brands from a "neutral" rating to a "buy" rating and raised their target price for the stock from $145.00 to $177.00 in a research report on Tuesday, June 10th. Finally, Oppenheimer reiterated an "outperform" rating and set a $185.00 price target on shares of Yum! Brands in a report on Monday, April 28th. Thirteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Yum! Brands has an average rating of "Hold" and an average target price of $157.86.

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.