Yum! Brands, Inc. (NYSE:YUM) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its position in Yum! Brands, Inc. (NYSE:YUM) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,638 shares of the restaurant operator’s stock after buying an additional 105 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Yum! Brands were worth $2,045,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in YUM. Deseret Mutual Benefit Administrators increased its stake in shares of Yum! Brands by 3.9% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 2,049 shares of the restaurant operator’s stock worth $271,000 after purchasing an additional 76 shares in the last quarter. Legacy Financial Advisors Inc. lifted its position in shares of Yum! Brands by 2.2% in the second quarter. Legacy Financial Advisors Inc. now owns 3,460 shares of the restaurant operator’s stock valued at $458,000 after acquiring an additional 76 shares in the last quarter. Wesbanco Bank Inc. boosted its stake in shares of Yum! Brands by 1.9% during the second quarter. Wesbanco Bank Inc. now owns 4,169 shares of the restaurant operator’s stock valued at $552,000 after acquiring an additional 78 shares during the last quarter. Diversified Trust Co increased its position in Yum! Brands by 2.4% during the 3rd quarter. Diversified Trust Co now owns 3,321 shares of the restaurant operator’s stock worth $464,000 after purchasing an additional 79 shares in the last quarter. Finally, Choreo LLC raised its stake in Yum! Brands by 1.6% in the 1st quarter. Choreo LLC now owns 5,312 shares of the restaurant operator’s stock valued at $737,000 after purchasing an additional 82 shares during the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Yum! Brands Price Performance

NYSE:YUM opened at $133.97 on Wednesday. Yum! Brands, Inc. has a 12 month low of $119.26 and a 12 month high of $143.20. The business’s 50-day moving average is $134.56 and its two-hundred day moving average is $134.99. The firm has a market capitalization of $37.67 billion, a PE ratio of 24.54, a price-to-earnings-growth ratio of 2.09 and a beta of 1.08.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, topping the consensus estimate of $1.33 by $0.02. Yum! Brands had a negative return on equity of 18.90% and a net margin of 21.96%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the company posted $1.41 EPS. Equities analysts anticipate that Yum! Brands, Inc. will post 5.59 EPS for the current year.

Yum! Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were paid a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $2.68 annualized dividend and a dividend yield of 2.00%. Yum! Brands’s dividend payout ratio (DPR) is presently 49.08%.

Insider Buying and Selling

In other news, Director Weir Mirian M. Graddick sold 1,309 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $137.40, for a total transaction of $179,856.60. Following the completion of the sale, the director now directly owns 1,233 shares in the company, valued at $169,414.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Sabir Sami sold 71,051 shares of Yum! Brands stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $137.16, for a total value of $9,745,355.16. Following the completion of the transaction, the chief executive officer now directly owns 68 shares in the company, valued at approximately $9,326.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Weir Mirian M. Graddick sold 1,309 shares of Yum! Brands stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $137.40, for a total value of $179,856.60. Following the completion of the transaction, the director now owns 1,233 shares of the company’s stock, valued at $169,414.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,673 shares of company stock valued at $13,918,095 in the last quarter. Company insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

YUM has been the subject of a number of analyst reports. Robert W. Baird boosted their price objective on shares of Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft increased their price target on Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price objective on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Evercore ISI downgraded Yum! Brands from an “outperform” rating to an “inline” rating and reduced their target price for the stock from $160.00 to $145.00 in a research report on Tuesday, July 16th. Finally, Morgan Stanley lowered their price target on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $146.44.

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.