Yum! Brands, Inc. $YUM Shares Acquired by Norinchukin Bank The

Key Points

• Norinchukin Bank increased its stake in Yum! Brands by 15.1%, purchasing an additional 1,894 shares, bringing its total holdings to 14,418 shares valued at approximately $2.27 million.
• CEO Scott Mezvinsky and Director Mirian M. Graddick both sold shares recently, with Mezvinsky's sale resulting in a 13.03% decrease in his ownership, while Graddick decreased her stake by 62.31%.
• Recent analyst upgrades set Yum! Brands' price targets between $177 and $200, with the consensus rating currently at "Hold."

Norinchukin Bank The grew its holdings in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 15.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,418 shares of the restaurant operator's stock after purchasing an additional 1,894 shares during the period. Norinchukin Bank The's holdings in Yum! Brands were worth $2,269,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of YUM. GAMMA Investing LLC lifted its stake in shares of Yum! Brands by 14,795.6% in the 1st quarter. GAMMA Investing LLC now owns 769,805 shares of the restaurant operator's stock valued at $121,137,000 after purchasing an additional 764,637 shares during the last quarter. Nuveen LLC acquired a new position in shares of Yum! Brands in the 1st quarter valued at $97,453,000. Northern Trust Corp lifted its stake in shares of Yum! Brands by 20.4% in the 4th quarter. Northern Trust Corp now owns 3,545,872 shares of the restaurant operator's stock valued at $475,714,000 after purchasing an additional 601,361 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of 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. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of 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 purchasing an additional 430,511 shares during the last quarter. Institutional investors and hedge funds own 82.37% of the company's stock.

Insider Buying and Selling

In other Yum! Brands news, CEO Scott Mezvinsky sold 263 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $139.92, for a total transaction of $36,798.96. Following the sale, the chief executive officer owned 1,755 shares in the company, valued at $245,559.60. This represents a 13.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Weir Mirian M. Graddick sold 2,038 shares of the company's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $145.30, for a total value of $296,121.40. Following the sale, the director owned 1,233 shares in the company, valued at approximately $179,154.90. This trade represents a 62.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,284 shares of company stock worth $4,310,663 in the last quarter. Company insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

YUM has been the topic of several recent analyst reports. Redburn Atlantic raised Yum! Brands from a "neutral" rating to a "buy" rating and upped their price target for the company from $145.00 to $177.00 in a research note on Tuesday, June 10th. Melius initiated coverage on Yum! Brands in a research note on Monday, July 14th. They set a "buy" rating and a $200.00 target price on the stock. Oppenheimer reissued an "outperform" rating and set a $185.00 target price on shares of Yum! Brands in a research note on Monday, April 28th. Sanford C. Bernstein set a $164.00 target price on Yum! Brands in a research note on Tuesday, August 5th. Finally, Piper Sandler increased their target price on Yum! Brands from $150.00 to $155.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. 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 currently has a consensus rating of "Hold" and a consensus price target of $161.23.

Yum! Brands Price Performance

Shares of NYSE YUM opened at $147.7230 on Friday. The stock's 50-day moving average is $146.12 and its two-hundred day moving average is $148.05. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30. The company has a market cap of $41.00 billion, a price-to-earnings ratio of 29.14, a price-to-earnings-growth ratio of 2.31 and a beta of 0.73.

Yum! Brands (NYSE:YUM - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter last year, the company earned $1.35 EPS. Yum! Brands's revenue for the quarter was up 9.6% compared to the same quarter last year. Equities research analysts anticipate 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 will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.71 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.84 annualized dividend and a yield of 1.9%. Yum! Brands's dividend payout ratio is 56.02%.

Yum! Brands 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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