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Principal Financial Group Inc. Purchases 6,673 Shares of Yum! Brands, Inc. (NYSE:YUM)

Yum! Brands logo with Retail/Wholesale background

Principal Financial Group Inc. boosted its stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 1.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 353,103 shares of the restaurant operator's stock after purchasing an additional 6,673 shares during the quarter. Principal Financial Group Inc. owned about 0.13% of Yum! Brands worth $55,564,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WealthTrak Capital Management LLC bought a new stake in shares of Yum! Brands in the fourth quarter valued at about $25,000. Itau Unibanco Holding S.A. boosted its position in shares of Yum! Brands by 436.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 279 shares of the restaurant operator's stock valued at $37,000 after acquiring an additional 227 shares during the period. LGT Financial Advisors LLC bought a new stake in shares of Yum! Brands in the fourth quarter valued at about $41,000. MorganRosel Wealth Management LLC bought a new stake in shares of Yum! Brands in the first quarter valued at about $41,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Yum! Brands in the fourth quarter valued at about $47,000. 82.37% of the stock is owned by institutional investors.

Yum! Brands Trading Up 0.1%

Shares of NYSE:YUM traded up $0.22 during trading on Monday, reaching $150.22. 1,779,917 shares of the company traded hands, compared to its average volume of 2,003,914. The firm has a market capitalization of $41.76 billion, a price-to-earnings ratio of 29.92, a P/E/G ratio of 2.25 and a beta of 0.74. Yum! Brands, Inc. has a 52-week low of $122.13 and a 52-week high of $163.30. The business's fifty day moving average is $145.68 and its 200-day moving average is $144.20.

Yum! Brands (NYSE:YUM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The restaurant operator reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.01. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.85 billion. Yum! Brands had a negative return on equity of 20.80% and a net margin of 18.42%. The firm's revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.15 earnings per share. 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 firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Tuesday, May 27th were issued 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 dividend yield of 1.89%. Yum! Brands's dividend payout ratio is presently 56.57%.

Wall Street Analysts Forecast Growth

YUM has been the subject of a number of recent research reports. TD Securities reissued a "hold" rating and issued a $158.00 target price on shares of Yum! Brands in a research report on Wednesday, April 30th. Guggenheim boosted their price target on Yum! Brands from $155.00 to $165.00 and gave the company a "buy" rating in a research note on Tuesday, April 8th. Piper Sandler boosted their price target 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 target on shares of Yum! Brands in a research note on Monday, April 28th. Finally, Barclays boosted their price target on Yum! Brands from $163.00 to $167.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Thirteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Yum! Brands currently has an average rating of "Hold" and a consensus target price of $157.86.

Read Our Latest Stock Report on YUM

Insider Buying and Selling

In other Yum! Brands news, CEO David W. Gibbs sold 7,063 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $145.57, for a total value of $1,028,160.91. Following the completion of the transaction, the chief executive officer owned 157,893 shares in the company, valued at approximately $22,984,484.01. This represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott Mezvinsky sold 272 shares of the stock in a transaction on Tuesday, July 1st. The stock was 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 owned 1,755 shares of the company's stock, valued at approximately $260,231.40. This trade represents a 13.42% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,742 shares of company stock valued at $1,861,504. 0.33% of the stock is owned by corporate insiders.

Yum! Brands Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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