Vanguard Personalized Indexing Management LLC Has $6.06 Million Stock Position in Yum! Brands, Inc. $YUM

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Yum! Brands by 8.2%, reaching a total of 40,890 shares valued at approximately $6.06 million.
• Yum! Brands announced a quarterly dividend of $0.71 per share, translating to an annualized dividend yield of 2.0%.
• Despite a miss on earnings per share and revenue estimates, Yum! Brands experienced a 9.6% year-over-year revenue growth for the quarter.

Vanguard Personalized Indexing Management LLC grew its stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 8.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 40,890 shares of the restaurant operator's stock after buying an additional 3,092 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Yum! Brands were worth $6,059,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Manchester Capital Management LLC grew its stake in shares of Yum! Brands by 78.0% during the first quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator's stock worth $25,000 after buying an additional 71 shares during the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in shares of Yum! Brands during the first quarter worth $25,000. HFM Investment Advisors LLC bought a new stake in shares of Yum! Brands during the first quarter worth $25,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Yum! Brands during the second quarter worth $29,000. Finally, Wayfinding Financial LLC bought a new stake in shares of Yum! Brands during the first quarter worth $32,000. Institutional investors own 82.37% of the company's stock.

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, CEO Scott Mezvinsky sold 275 shares of the company's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $152.59, for a total value of $41,962.25. Following the completion of the sale, the chief executive officer directly owned 1,755 shares of the company's stock, valued at approximately $267,795.45. This represents a 13.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David W. Gibbs sold 7,176 shares of the company's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $149.80, for a total transaction of $1,074,964.80. Following the completion of the sale, the chief executive officer directly owned 102,893 shares of the company's stock, valued at $15,413,371.40. The trade was a 6.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,078 shares of company stock worth $4,304,785. 0.33% of the stock is currently owned by insiders.

Yum! Brands Price Performance

YUM opened at $140.41 on Tuesday. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $163.30. The firm has a market capitalization of $38.97 billion, a PE ratio of 27.69, a P/E/G ratio of 2.21 and a beta of 0.72. The company's 50-day moving average is $146.90 and its 200 day moving average is $146.61.

Yum! Brands (NYSE:YUM - Get Free Report) last posted its earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 earnings per share for the quarter, missing analysts' consensus estimates of $1.46 by ($0.02). Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%.The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the company earned $1.35 EPS. The company's revenue was up 9.6% on a year-over-year basis. As a group, analysts expect that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Tuesday, September 2nd. Yum! Brands's dividend payout ratio is currently 56.02%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on YUM shares. Wells Fargo & Company reduced their price objective on shares of Yum! Brands from $160.00 to $155.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. Piper Sandler boosted their price objective on shares of Yum! Brands from $155.00 to $157.00 and gave the stock a "neutral" rating in a research note on Thursday, October 2nd. Barclays reissued an "overweight" rating and issued a $164.00 price objective (down previously from $167.00) on shares of Yum! Brands in a research note on Tuesday, August 5th. Evercore ISI cut their price target on shares of Yum! Brands from $170.00 to $165.00 and set an "in-line" rating on the stock in a research report on Wednesday, August 6th. Finally, Guggenheim reaffirmed a "buy" rating and set a $167.00 price target (up previously from $165.00) on shares of Yum! Brands in a research report on Monday, August 4th. Eleven analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, Yum! Brands presently has an average rating of "Hold" and a consensus price target of $161.48.

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.

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