Yum! Brands, Inc. $YUM Shares Sold by Russell Investments Group Ltd.

by · The Cerbat Gem

Russell Investments Group Ltd. lessened its stake in Yum! Brands, Inc. (NYSE:YUM – Free Report) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 420,152 shares of the restaurant operator’s stock after selling 8,638 shares during the period. Russell Investments Group Ltd.’s holdings in Yum! Brands were worth $62,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. HFM Investment Advisors LLC acquired a new stake in shares of Yum! Brands in the 1st quarter valued at about $25,000. Greykasell Wealth Strategies Inc. acquired a new position in Yum! Brands during the first quarter worth approximately $25,000. Manchester Capital Management LLC lifted its stake in Yum! Brands by 78.0% in the first quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 71 shares during the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in Yum! Brands in the second quarter valued at approximately $29,000. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of Yum! Brands in the second quarter valued at approximately $36,000. Institutional investors and hedge funds own 82.37% of the company’s stock.

Yum! Brands Stock Up 0.0%

Shares of Yum! Brands stock opened at $154.06 on Friday. The firm has a market cap of $42.78 billion, a price-to-earnings ratio of 30.39, a price-to-earnings-growth ratio of 2.08 and a beta of 0.73. Yum! Brands, Inc. has a 52-week low of $122.13 and a 52-week high of $163.30. The company’s 50-day simple moving average is $147.55 and its 200-day simple moving average is $146.50.

Yum! Brands (NYSE:YUM – Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.12. Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the firm earned $1.37 earnings per share. The firm’s revenue was up 8.4% 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Tuesday, December 2nd will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, December 2nd. Yum! Brands’s dividend payout ratio is currently 55.36%.

Insider Activity

In other news, insider Erika Burkhardt sold 1,269 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $149.37, for a total transaction of $189,550.53. Following the transaction, the insider directly owned 64 shares of the company’s stock, valued at $9,559.68. This represents a 95.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Aaron Powell sold 2,790 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $150.48, for a total transaction of $419,839.20. Following the completion of the transaction, the chief executive officer owned 26,650 shares of the company’s stock, valued at $4,010,292. This represents a 9.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,870 shares of company stock valued at $5,657,495 over the last three months. 0.33% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

YUM has been the topic of a number of recent research reports. Wells Fargo & Company cut their target price on shares of Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 6th. The Goldman Sachs Group restated a “buy” rating and issued a $177.00 price objective on shares of Yum! Brands in a research note on Wednesday, November 5th. JPMorgan Chase & Co. reduced their target price on shares of Yum! Brands from $162.00 to $160.00 and set an “overweight” rating for the company in a report on Wednesday, August 6th. Morgan Stanley set a $165.00 price target on Yum! Brands in a report on Tuesday, October 21st. Finally, Guggenheim dropped their price target on Yum! Brands from $167.00 to $160.00 and set a “buy” rating on the stock in a research report on Tuesday, October 28th. Thirteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Yum! Brands currently has an average rating of “Moderate Buy” and a consensus target price of $167.38.

Get Our Latest Report on YUM

Yum! Brands Company Profile

(Free Report)

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.

See Also

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