AE Wealth Management LLC Grows Position in Yum! Brands, Inc. $YUM

AE Wealth Management LLC lifted its holdings in Yum! Brands, Inc. (NYSE:YUM) by 4.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,928 shares of the restaurant operator’s stock after buying an additional 7,530 shares during the period. AE Wealth Management LLC’s holdings in Yum! Brands were worth $24,765,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of YUM. Brighton Jones LLC boosted its holdings in shares of Yum! Brands by 8.0% during the 4th quarter. Brighton Jones LLC now owns 7,861 shares of the restaurant operator’s stock worth $1,055,000 after purchasing an additional 583 shares during the last quarter. Capital Investment Advisors LLC boosted its stake in Yum! Brands by 2.8% during the second quarter. Capital Investment Advisors LLC now owns 9,095 shares of the restaurant operator’s stock worth $1,348,000 after buying an additional 247 shares during the last quarter. LBP AM SA grew its holdings in Yum! Brands by 37.6% in the 2nd quarter. LBP AM SA now owns 26,711 shares of the restaurant operator’s stock valued at $3,958,000 after buying an additional 7,296 shares in the last quarter. Ninety One UK Ltd acquired a new stake in shares of Yum! Brands in the 2nd quarter worth $14,827,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Yum! Brands by 163.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 68,773 shares of the restaurant operator’s stock worth $10,191,000 after acquiring an additional 42,668 shares during the period. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Yum! Brands Price Performance

Shares of Yum! Brands stock opened at $155.49 on Friday. The stock has a market capitalization of $43.17 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 2.12 and a beta of 0.67. The business has a 50-day moving average of $152.48 and a 200 day moving average of $148.61. Yum! Brands, Inc. has a 12 month low of $128.73 and a 12 month high of $163.30.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.12. Yum! Brands had a net margin of 17.95% and a negative return on equity of 21.79%. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the company earned $1.37 earnings per share. The business’s quarterly revenue was up 8.4% on a year-over-year basis. 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 declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Tuesday, December 2nd were given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, December 2nd. Yum! Brands’s dividend payout ratio (DPR) is currently 55.36%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Piper Sandler reissued a “neutral” rating on shares of Yum! Brands in a report on Friday, December 5th. Barclays raised their price target on shares of Yum! Brands from $175.00 to $179.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. The Goldman Sachs Group reiterated a “buy” rating and issued a $177.00 price objective on shares of Yum! Brands in a report on Wednesday, November 5th. Gordon Haskett upgraded Yum! Brands from a “hold” rating to a “buy” rating in a research report on Thursday, January 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Yum! Brands in a research note on Monday, December 29th. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned 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 target price of $170.30.

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, CEO Aaron Powell sold 2,790 shares of the business’s stock in a transaction 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 transaction, the chief executive officer 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 SEC, which is available at the SEC website. Also, insider Erika Burkhardt sold 1,269 shares of the stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $149.37, for a total value of $189,550.53. Following the completion of the sale, the insider owned 64 shares in the company, valued at approximately $9,559.68. The trade was a 95.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 30,695 shares of company stock worth $4,582,843. 0.33% of the stock is currently owned by corporate insiders.

About Yum! Brands

Yum! Brands, Inc (NYSE: YUM) is a global quick-service restaurant company that develops, operates and franchises a portfolio of well-known restaurant brands. The company’s principal brands are KFC, Pizza Hut and Taco Bell, each focused on distinct product categories—KFC on fried chicken and related menu items, Pizza Hut on pizza and complementary offerings, and Taco Bell on Mexican-inspired quick-service food. Yum! is headquartered in Louisville, Kentucky and was formed as Tricon Global Restaurants in 1997 when PepsiCo spun off its restaurant businesses, later adopting the Yum! Brands name.

The company’s operating model centers on brand development, system growth and franchising; a large portion of its restaurants are operated by independent franchisees, and Yum! generates revenue through franchise royalties and fees in addition to sales from company-operated locations.