Swedbank AB Has $23.85 Million Stock Holdings in Yum! Brands, Inc. $YUM

Key Points

• Swedbank AB reduced its holdings in Yum! Brands by 1.7% in Q1 2023, maintaining approximately 0.05% ownership worth $23.85 million.
• Yum! Brands reported Q2 earnings of $1.44 per share, falling short of analysts' expectations, and recorded a net margin of 18.11%.
• The company declared a quarterly dividend of $0.71 per share, yielding approximately 1.9% annually, with a payout ratio of 56.02%.

Swedbank AB trimmed its holdings in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 1.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 151,538 shares of the restaurant operator's stock after selling 2,566 shares during the period. Swedbank AB owned about 0.05% of Yum! Brands worth $23,846,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Yum! Brands by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 34,109,219 shares of the restaurant operator's stock valued at $5,367,427,000 after purchasing an additional 483,918 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Yum! Brands by 2.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,098,801 shares of the restaurant operator's stock valued at $330,267,000 after purchasing an additional 53,326 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Yum! Brands by 14.5% in the 4th 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 valued at $274,421,000 after purchasing an additional 258,369 shares during the last quarter. TD Asset Management Inc lifted its stake in Yum! Brands by 1.4% in the 1st quarter. TD Asset Management Inc now owns 1,954,145 shares of the restaurant operator's stock valued at $307,504,000 after purchasing an additional 27,355 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Yum! Brands by 28.5% in the 1st 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 acquiring an additional 430,511 shares during the period. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,106 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $146.84, for a total value of $1,043,445.04. Following the sale, the chief executive officer owned 102,893 shares in the company, valued at $15,108,808.12. This trade represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Tracy L. Skeans sold 12,220 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $148.24, for a total transaction of $1,811,492.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,016 shares of company stock worth $4,271,543. Corporate insiders own 0.33% of the company's stock.

Yum! Brands Price Performance

Shares of NYSE:YUM opened at $149.49 on Friday. The company's 50 day simple moving average is $146.56 and its 200 day simple moving average is $147.96. The stock has a market capitalization of $41.49 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 2.33 and a beta of 0.73. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30.

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

Yum! Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 2nd. Yum! Brands's dividend payout ratio (DPR) is 56.02%.

Analyst Ratings Changes

YUM has been the topic of several research analyst reports. Guggenheim reissued a "buy" rating and issued a $167.00 price target (up from $165.00) on shares of Yum! Brands in a report on Monday, August 4th. TD Cowen lowered their price target on shares of Yum! Brands from $158.00 to $156.00 and set a "hold" rating on the stock in a report on Tuesday, August 5th. Sanford C. Bernstein set a $164.00 price target on shares of Yum! Brands in a report on Tuesday, August 5th. Barclays reaffirmed an "overweight" rating and set a $164.00 target price (down from $167.00) on shares of Yum! Brands in a report on Tuesday, August 5th. Finally, Melius assumed coverage on shares of Yum! Brands in a report on Monday, July 14th. They set a "buy" rating and a $200.00 target price on the stock. Ten investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target 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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