Yum! Brands, Inc. $YUM Shares Bought by Cantillon Capital Management LLC

Key Points

• Cantillon Capital Management LLC increased its stake in Yum! Brands by 13.1%, owning 2,063,179 shares valued at approximately $305.7 million as of the latest SEC filing.
• Yum! Brands reported Q2 earnings of $1.44 per share, slightly below expectations, with revenue totaling $1.93 billion, a 9.6% year-over-year increase.
• The company announced a quarterly dividend of $0.71 per share, which translates to an annualized dividend of $2.84 with a yield of 1.9%.

Cantillon Capital Management LLC grew its holdings in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 13.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,063,179 shares of the restaurant operator's stock after purchasing an additional 238,615 shares during the period. Yum! Brands makes up about 1.8% of Cantillon Capital Management LLC's holdings, making the stock its 28th biggest position. Cantillon Capital Management LLC owned approximately 0.74% of Yum! Brands worth $305,722,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in YUM. Nuveen LLC acquired a new position in Yum! Brands during the 1st quarter worth approximately $97,453,000. Vanguard Group Inc. increased its position in Yum! Brands by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 34,109,219 shares of the restaurant operator's stock worth $5,367,427,000 after purchasing an additional 483,918 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Yum! Brands by 2,288.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 502,267 shares of the restaurant operator's stock worth $74,426,000 after acquiring an additional 481,235 shares during the period. Platinum Investment Management Ltd. acquired a new stake in shares of Yum! Brands in the 2nd quarter worth approximately $64,352,000. Finally, Price T Rowe Associates Inc. MD grew its holdings 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 worth $305,286,000 after acquiring an additional 430,511 shares during the period. Institutional investors and hedge funds own 82.37% of the company's stock.

Yum! Brands Stock Up 0.3%

Shares of Yum! Brands stock opened at $148.64 on Wednesday. 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 cap of $41.25 billion, a PE ratio of 29.32, a P/E/G ratio of 2.30 and a beta of 0.72. The business's fifty day moving average is $147.41 and its two-hundred day moving average is $146.23.

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 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 for the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the prior year, the company earned $1.35 EPS. The company'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 EPS for the current year.

Yum! Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend 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 a number of research reports. JPMorgan Chase & Co. lowered their price target on Yum! Brands from $162.00 to $160.00 and set an "overweight" rating on the stock in a report on Wednesday, August 6th. Morgan Stanley set a $165.00 target price on Yum! Brands in a research note on Tuesday. Melius assumed coverage on Yum! Brands in a research note on Monday, July 14th. They issued a "buy" rating and a $200.00 target price on the stock. Piper Sandler upped their target price on Yum! Brands from $155.00 to $157.00 and gave the company a "neutral" rating in a research note on Thursday, October 2nd. Finally, Guggenheim reaffirmed a "buy" rating and issued a $167.00 target price (up previously from $165.00) on shares of Yum! Brands in a research note on Monday, August 4th. Eleven investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $163.18.

Insider Transactions at Yum! Brands

In related news, CEO Scott Mezvinsky sold 275 shares of the stock in a transaction 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 transaction, the chief executive officer directly owned 1,755 shares of the company's stock, valued at approximately $267,795.45. This trade represents a 13.55% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David W. Gibbs sold 7,176 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $149.80, for a total value of $1,074,964.80. Following the completion of the transaction, the chief executive officer directly owned 102,893 shares in the company, valued at $15,413,371.40. This trade represents a 6.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,078 shares of company stock valued at $4,304,785. Corporate insiders own 0.33% of the company's stock.

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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