Yum! Brands, Inc. $YUM Stock Position Increased by Ilmarinen Mutual Pension Insurance Co

Key Points

• Ilmarinen Mutual Pension Insurance Co has increased its stake in Yum! Brands by 50%, owning 45,000 shares valued at over $7 million.
• Yum! Brands reported a missed earnings estimate for the last quarter, with an EPS of $1.44 compared to the expected $1.46, and revenue of $1.93 billion, slightly below forecasts.
• The company has announced a quarterly dividend of $0.71, with a dividend yield of 1.9% and a payout ratio of 56.02%.

Ilmarinen Mutual Pension Insurance Co grew its stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 50.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,000 shares of the restaurant operator's stock after buying an additional 15,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Yum! Brands were worth $7,081,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in YUM. Manchester Capital Management LLC raised its position in shares of Yum! Brands by 78.0% during the 1st quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator's stock worth $25,000 after buying an additional 71 shares in the last quarter. Greykasell Wealth Strategies Inc. purchased a new position in shares of Yum! Brands in the first quarter worth approximately $25,000. HFM Investment Advisors LLC purchased a new position in Yum! Brands during the first quarter valued at approximately $25,000. Wayfinding Financial LLC purchased a new position in Yum! Brands during the first quarter valued at approximately $32,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in Yum! Brands in the first quarter worth approximately $38,000. 82.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Yum! Brands

In other news, COO Tracy L. Skeans sold 12,220 shares of Yum! Brands stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Scott Mezvinsky sold 263 shares of Yum! Brands stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $139.92, for a total transaction of $36,798.96. Following the completion of the sale, the chief executive officer owned 1,755 shares in the company, valued at $245,559.60. This trade represents a 13.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,016 shares of company stock valued at $4,271,543 over the last ninety days. 0.33% of the stock is currently owned by company insiders.

Yum! Brands Price Performance

Shares of NYSE:YUM opened at $146.04 on Wednesday. The company has a market capitalization of $40.53 billion, a price-to-earnings ratio of 28.80, a P/E/G ratio of 2.31 and a beta of 0.73. The firm's 50 day simple moving average is $146.67 and its 200 day simple moving average is $148.04. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $163.30.

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

Yum! Brands Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have commented on YUM. Morgan Stanley decreased their target price on shares of Yum! Brands from $153.00 to $151.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. TD Cowen cut their target price on shares of Yum! Brands from $158.00 to $156.00 and set a "hold" rating for the company in a research note on Tuesday, August 5th. Sanford C. Bernstein set a $164.00 target price on shares of Yum! Brands in a research note on Tuesday, August 5th. Evercore ISI dropped their price objective on shares of Yum! Brands from $170.00 to $165.00 and set an "in-line" rating for the company in a research note on Wednesday, August 6th. Finally, Redburn Atlantic upgraded shares of Yum! Brands from a "neutral" rating to a "buy" rating and increased their target price for the stock from $145.00 to $177.00 in a research report on Tuesday, June 10th. Ten analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $161.23.

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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