Maverick Capital Ltd. Has $2.96 Million Holdings in Yum! Brands, Inc. (NYSE:YUM)

Maverick Capital Ltd. boosted its holdings in Yum! Brands, Inc. (NYSE:YUM) by 87.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,362 shares of the restaurant operator’s stock after purchasing an additional 10,403 shares during the quarter. Maverick Capital Ltd.’s holdings in Yum! Brands were worth $2,962,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of YUM. Ruedi Wealth Management Inc. raised its position in shares of Yum! Brands by 79.8% in the first quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 83 shares in the last quarter. Manchester Capital Management LLC raised its holdings in Yum! Brands by 165.7% in the 1st quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 116 shares in the last quarter. Redmont Wealth Advisors LLC bought a new stake in shares of Yum! Brands during the 1st quarter valued at $28,000. Crewe Advisors LLC acquired a new stake in shares of Yum! Brands during the 1st quarter worth $28,000. Finally, Meeder Asset Management Inc. increased its position in shares of Yum! Brands by 43.6% in the second quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 82 shares during the period. Institutional investors own 82.37% of the company’s stock.

Insider Activity

In related news, CEO David W. Gibbs sold 6,961 shares of Yum! Brands stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $131.02, for a total value of $912,030.22. Following the transaction, the chief executive officer now directly owns 162,381 shares of the company’s stock, valued at $21,275,158.62. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Yum! Brands news, Director Weir Mirian M. Graddick sold 1,309 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $137.40, for a total transaction of $179,856.60. Following the sale, the director now owns 1,233 shares of the company’s stock, valued at $169,414.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David W. Gibbs sold 6,961 shares of Yum! Brands stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $131.02, for a total value of $912,030.22. Following the completion of the transaction, the chief executive officer now directly owns 162,381 shares of the company’s stock, valued at $21,275,158.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 101,629 shares of company stock valued at $13,888,443. Company insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group began coverage on shares of Yum! Brands in a research note on Thursday, June 13th. They set a “neutral” rating and a $150.00 price objective on the stock. TD Cowen reissued a “buy” rating and issued a $156.00 price objective on shares of Yum! Brands in a research note on Thursday, September 12th. Morgan Stanley lowered their price objective on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. JPMorgan Chase & Co. raised their target price on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Finally, Stifel Nicolaus lowered their price target on Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $145.25.

Yum! Brands Price Performance

NYSE:YUM opened at $138.07 on Friday. Yum! Brands, Inc. has a one year low of $115.53 and a one year high of $143.20. The company has a market cap of $38.82 billion, a PE ratio of 24.48, a P/E/G ratio of 2.05 and a beta of 1.08. The firm’s 50 day simple moving average is $133.52 and its 200 day simple moving average is $135.38.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.02. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. During the same quarter in the previous year, the business earned $1.41 earnings per share. Equities research analysts expect that Yum! Brands, Inc. will post 5.61 EPS for the current year.

Yum! Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were given a $0.67 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.94%. Yum! Brands’s dividend payout ratio (DPR) is presently 47.52%.

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.