Nordea Investment Management AB Purchases 649 Shares of Yum! Brands, Inc. $YUM

Nordea Investment Management AB raised its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 0.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 203,294 shares of the restaurant operator’s stock after purchasing an additional 649 shares during the period. Nordea Investment Management AB owned about 0.07% of Yum! Brands worth $29,905,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. HFM Investment Advisors LLC bought a new stake in Yum! Brands during the 1st quarter valued at $25,000. Greykasell Wealth Strategies Inc. bought a new stake in Yum! Brands during the 1st quarter valued at $25,000. Manchester Capital Management LLC raised its position in Yum! Brands by 78.0% during the 1st quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 71 shares in the last quarter. Oliver Lagore Vanvalin Investment Group bought a new stake in Yum! Brands during the 2nd quarter valued at $29,000. Finally, Wayfinding Financial LLC bought a new stake in Yum! Brands during the 1st quarter valued at $32,000. 82.37% of the stock is owned by institutional investors.

Yum! Brands Price Performance

Shares of YUM stock opened at $145.25 on Friday. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30. The stock’s fifty day moving average price is $147.14 and its 200 day moving average price is $146.31. The company has a market cap of $40.31 billion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 2.25 and a beta of 0.72.

Yum! Brands (NYSE:YUM) last announced its earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 earnings per share for the quarter, missing the consensus estimate 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 quarter last year, the firm earned $1.35 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Yum! Brands Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have weighed in on YUM. Wells Fargo & Company decreased their target price on Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 6th. Royal Bank Of Canada began coverage on Yum! Brands in a report on Wednesday, October 8th. They issued a “sector perform” rating and a $165.00 price target on the stock. JPMorgan Chase & Co. cut 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 cut their price target on Yum! Brands from $153.00 to $151.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 6th. Finally, Piper Sandler lifted their price target on Yum! Brands from $155.00 to $157.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. Eleven investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, Yum! Brands has a consensus rating of “Hold” and a consensus price target of $161.48.

Insiders Place Their Bets

In other Yum! Brands news, COO Tracy L. Skeans sold 12,220 shares of Yum! Brands stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $148.24, for a total transaction of $1,811,492.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott Mezvinsky sold 275 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $152.59, for a total value of $41,962.25. Following the completion of the transaction, the chief executive officer directly owned 1,755 shares in the company, valued at $267,795.45. This represents a 13.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,078 shares of company stock valued at $4,304,785 in the last 90 days. 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.