Yum! Brands, Inc. $YUM Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in Yum! Brands, Inc. (NYSE:YUM) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,557,612 shares of the restaurant operator’s stock after buying an additional 448,393 shares during the period. Vanguard Group Inc. owned approximately 0.12% of Yum! Brands worth $5,120,747,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Empowered Funds LLC lifted its holdings in shares of Yum! Brands by 159.4% during the second quarter. Empowered Funds LLC now owns 88,877 shares of the restaurant operator’s stock valued at $13,170,000 after purchasing an additional 54,616 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Yum! Brands by 3.3% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 124,144 shares of the restaurant operator’s stock worth $18,396,000 after buying an additional 3,934 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Yum! Brands by 143.7% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 323,605 shares of the restaurant operator’s stock valued at $47,952,000 after buying an additional 190,829 shares in the last quarter. Westpac Banking Corp boosted its holdings in shares of Yum! Brands by 31.9% in the second quarter. Westpac Banking Corp now owns 57,806 shares of the restaurant operator’s stock worth $8,566,000 after buying an additional 13,982 shares during the period. Finally, Bell Investment Advisors Inc increased its position in shares of Yum! Brands by 169.5% in the second quarter. Bell Investment Advisors Inc now owns 407 shares of the restaurant operator’s stock worth $60,000 after acquiring an additional 256 shares in the last quarter. 82.37% of the stock is owned by institutional investors.

Insider Activity

In other Yum! Brands news, CEO Aaron Powell sold 2,790 shares of Yum! Brands stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $150.48, for a total value of $419,839.20. Following the completion of the sale, the chief executive officer directly owned 26,650 shares in the company, valued at $4,010,292. The trade was a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David W. Gibbs sold 7,176 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $149.80, for a total transaction of $1,074,964.80. Following the transaction, the chief executive officer owned 102,893 shares in the company, valued at approximately $15,413,371.40. This trade represents a 6.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 37,870 shares of company stock valued at $5,657,495. 0.33% of the stock is currently owned by company insiders.

Yum! Brands Price Performance

Shares of NYSE YUM opened at $148.23 on Thursday. The business’s 50-day moving average price is $147.03 and its two-hundred day moving average price is $146.30. Yum! Brands, Inc. has a one year low of $122.13 and a one year high of $163.30. The company has a market capitalization of $41.16 billion, a P/E ratio of 29.24, a price-to-earnings-growth ratio of 2.08 and a beta of 0.73.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.12. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.96 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 8.4% on a year-over-year basis. During the same period last year, the business earned $1.37 EPS. On average, equities analysts anticipate that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Yum! Brands in a research report on Wednesday, October 8th. Piper Sandler boosted their target price on shares of Yum! Brands from $157.00 to $158.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $177.00 target price on shares of Yum! Brands in a research report on Wednesday, November 5th. Morgan Stanley set a $165.00 price target on Yum! Brands in a research report on Tuesday, October 21st. Finally, Sanford C. Bernstein increased their price objective on Yum! Brands from $145.00 to $160.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 5th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.38.

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.