Yum! Brands, Inc. $YUM Shares Acquired by Lbp Am Sa

Lbp Am Sa increased its holdings in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 37.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,711 shares of the restaurant operator's stock after acquiring an additional 7,296 shares during the quarter. Lbp Am Sa's holdings in Yum! Brands were worth $3,958,000 as of its most recent filing with the SEC.

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

Yum! Brands Price Performance

Shares of YUM stock opened at $151.26 on Friday. Yum! Brands, Inc. has a 12-month low of $122.13 and a 12-month high of $163.30. The firm has a market capitalization of $41.98 billion, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 2.39 and a beta of 0.72. The business has a 50 day simple moving average of $146.97 and a 200 day simple moving average of $147.32.

Yum! Brands (NYSE:YUM - Get Free Report) last issued 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). 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 the consensus estimate of $1.94 billion. During the same period last year, the company earned $1.35 earnings per share. The business's quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities analysts anticipate that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The firm also recently disclosed 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 yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 2nd. Yum! Brands's dividend payout ratio is 56.02%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. TD Cowen cut their price objective on Yum! Brands from $158.00 to $156.00 and set a "hold" rating on the stock in a research note on Tuesday, August 5th. Piper Sandler increased their price target on Yum! Brands from $155.00 to $157.00 and gave the stock a "neutral" rating in a research report on Thursday. Redburn Atlantic upgraded Yum! Brands from a "neutral" rating to a "buy" rating and increased their price target for the stock from $145.00 to $177.00 in a research report on Tuesday, June 10th. JPMorgan Chase & Co. dropped their price target on Yum! Brands from $162.00 to $160.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 6th. Finally, Evercore ISI dropped their price target on 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. Ten investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, Yum! Brands presently has a consensus rating of "Hold" and an average price target of $161.32.

Insiders Place Their Bets

In related news, CEO Scott Mezvinsky sold 275 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $152.59, for a total value of $41,962.25. Following the completion of the transaction, the chief executive officer directly owned 1,755 shares of the company's stock, valued at $267,795.45. This represents a 13.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Tracy L. Skeans sold 12,220 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $148.24, for a total value of $1,811,492.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,195 shares of company stock valued at $5,348,137. 0.33% of the stock is owned by corporate insiders.

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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