Yum! Brands, Inc. (NYSE:YUM) Shares Acquired by Cwm LLC

Posted by Defense World Staff on Jul 25th, 2023

Cwm LLC lifted its stake in shares of Yum! Brands, Inc. (NYSE:YUM – Free Report) by 9.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,810 shares of the restaurant operator’s stock after purchasing an additional 480 shares during the quarter. Cwm LLC’s holdings in Yum! Brands were worth $767,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in YUM. Geode Capital Management LLC increased its position in Yum! Brands by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 5,857,247 shares of the restaurant operator’s stock valued at $749,541,000 after acquiring an additional 73,735 shares during the period. Capital World Investors increased its position in Yum! Brands by 19.6% in the 1st quarter. Capital World Investors now owns 5,507,237 shares of the restaurant operator’s stock valued at $652,773,000 after acquiring an additional 901,181 shares during the period. Capital International Investors increased its position in shares of Yum! Brands by 1.6% during the 1st quarter. Capital International Investors now owns 4,365,517 shares of the restaurant operator’s stock valued at $517,792,000 after purchasing an additional 67,468 shares during the period. Victory Capital Management Inc. increased its position in shares of Yum! Brands by 3.1% during the 4th quarter. Victory Capital Management Inc. now owns 3,970,023 shares of the restaurant operator’s stock valued at $508,481,000 after purchasing an additional 119,275 shares during the period. Finally, Morgan Stanley increased its position in shares of Yum! Brands by 27.3% during the 4th quarter. Morgan Stanley now owns 3,257,809 shares of the restaurant operator’s stock valued at $417,260,000 after purchasing an additional 698,493 shares during the period. 92.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Yum! Brands

In other news, insider Scott Catlett sold 2,553 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $140.00, for a total transaction of $357,420.00. Following the completion of the transaction, the insider now directly owns 11,724 shares in the company, valued at $1,641,360. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Scott Catlett sold 2,553 shares of the business’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $140.00, for a total transaction of $357,420.00. Following the sale, the insider now directly owns 11,724 shares in the company, valued at $1,641,360. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David W. Gibbs sold 3,877 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $135.92, for a total value of $526,961.84. Following the sale, the chief executive officer now owns 57,325 shares in the company, valued at $7,791,614. The disclosure for this sale can be found here. Insiders sold a total of 19,234 shares of company stock worth $2,646,823 over the last three months. 0.31% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on YUM shares. UBS Group lifted their price target on Yum! Brands from $148.00 to $156.00 in a research report on Thursday, May 4th. Barclays lifted their price target on Yum! Brands from $136.00 to $138.00 and gave the company an “equal weight” rating in a research report on Friday, April 21st. StockNews.com lowered Yum! Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. BMO Capital Markets raised their price objective on Yum! Brands from $140.00 to $144.00 in a research note on Monday, May 8th. Finally, Bank of America raised their price objective on Yum! Brands from $145.00 to $151.00 in a research note on Thursday, May 4th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Yum! Brands has an average rating of “Moderate Buy” and an average target price of $148.00.

Yum! Brands Stock Performance

Shares of NYSE YUM opened at $137.94 on Tuesday. The business has a 50 day simple moving average of $134.95 and a 200 day simple moving average of $132.63. Yum! Brands, Inc. has a 52 week low of $103.96 and a 52 week high of $143.24. The stock has a market cap of $38.64 billion, a price-to-earnings ratio of 32.46, a PEG ratio of 2.19 and a beta of 1.01.

Yum! Brands (NYSE:YUM – Get Free Report) last posted its earnings results on Wednesday, May 3rd. The restaurant operator reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.08). Yum! Brands had a negative return on equity of 14.97% and a net margin of 17.67%. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the firm posted $1.05 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, analysts predict that Yum! Brands, Inc. will post 5.07 EPS for the current year.

Yum! Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 30th were issued a dividend of $0.605 per share. The ex-dividend date was Friday, May 26th. This represents a $2.42 dividend on an annualized basis and a dividend yield of 1.75%. Yum! Brands’s dividend payout ratio (DPR) is presently 56.94%.

Yum! Brands Profile

(Free Report)

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. It 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.