Yum! Brands, Inc. $YUM Shares Bought by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC grew its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 153,513 shares of the restaurant operator’s stock after purchasing an additional 458 shares during the period. Chevy Chase Trust Holdings LLC owned 0.06% of Yum! Brands worth $22,748,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Yum! Brands by 1.4% during the first 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Yum! Brands by 2.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,098,801 shares of the restaurant operator’s stock worth $330,267,000 after purchasing an additional 53,326 shares during the period. TD Asset Management Inc raised its holdings in shares of Yum! Brands by 1.4% during the first quarter. TD Asset Management Inc now owns 1,954,145 shares of the restaurant operator’s stock worth $307,504,000 after purchasing an additional 27,355 shares during the period. Price T Rowe Associates Inc. MD increased 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. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Yum! Brands by 1.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,700,298 shares of the restaurant operator’s stock worth $267,559,000 after acquiring an additional 23,008 shares during the period. 82.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Guggenheim reaffirmed a “buy” rating and issued a $167.00 price objective (up previously from $165.00) on shares of Yum! Brands in a report on Monday, August 4th. Piper Sandler increased their price objective on shares of Yum! Brands from $155.00 to $157.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Yum! Brands in a report on Wednesday, October 8th. Royal Bank Of Canada assumed coverage on shares of Yum! Brands in a report on Wednesday, October 8th. They issued a “sector perform” rating and a $165.00 price objective on the stock. Finally, Barclays reissued an “overweight” rating and set a $164.00 target price (down previously from $167.00) on shares of Yum! Brands in a research note on Tuesday, August 5th. Eleven equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, Yum! Brands has a consensus rating of “Hold” and a consensus price target of $161.48.

Yum! Brands Trading Up 1.3%

Yum! Brands stock opened at $145.25 on Friday. The stock has a market cap of $40.31 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 2.25 and a beta of 0.72. The company’s 50-day moving average price is $147.14 and its two-hundred day moving average price is $146.31. Yum! Brands, Inc. has a 52 week low of $122.13 and a 52 week high of $163.30.

Yum! Brands (NYSE:YUM) last released 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). Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the business posted $1.35 EPS. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. Research analysts expect that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.71 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $2.84 annualized dividend and a dividend yield of 2.0%. Yum! Brands’s dividend payout ratio (DPR) is 56.02%.

Insider Buying and Selling at Yum! Brands

In other news, CEO Scott Mezvinsky sold 275 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $152.59, for a total transaction of $41,962.25. Following the completion of the transaction, the chief executive officer owned 1,755 shares in the company, valued at approximately $267,795.45. This trade represents a 13.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Tracy L. Skeans sold 12,220 shares of the firm’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $148.24, for a total transaction of $1,811,492.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,078 shares of company stock worth $4,304,785. Company insiders own 0.33% of the company’s stock.

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.