2,705 Shares in Yum! Brands, Inc. $YUM Bought by Neo Ivy Capital Management

Neo Ivy Capital Management purchased a new position in shares of Yum! Brands, Inc. (NYSE:YUM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,705 shares of the restaurant operator’s stock, valued at approximately $401,000.

A number of other hedge funds also recently made changes to their positions in YUM. Nuveen LLC bought a new position in shares of Yum! Brands during the 1st quarter worth about $97,453,000. Magellan Asset Management Ltd raised its position in Yum! Brands by 35.9% in the second quarter. Magellan Asset Management Ltd now owns 2,306,932 shares of the restaurant operator’s stock worth $341,841,000 after purchasing an additional 609,223 shares in the last quarter. Vanguard Group Inc. raised its position in Yum! Brands by 1.4% in the first quarter. Vanguard Group Inc. now owns 34,109,219 shares of the restaurant operator’s stock worth $5,367,427,000 after purchasing an additional 483,918 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Yum! Brands by 2,288.1% during the second quarter. Assenagon Asset Management S.A. now owns 502,267 shares of the restaurant operator’s stock worth $74,426,000 after purchasing an additional 481,235 shares during the period. Finally, Platinum Investment Management Ltd. acquired a new stake in Yum! Brands during the second quarter valued at approximately $64,352,000. Institutional investors and hedge funds own 82.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on YUM shares. Oppenheimer reissued an “outperform” rating on shares of Yum! Brands in a report on Wednesday, November 5th. Sanford C. Bernstein upped their price target on Yum! Brands from $145.00 to $160.00 and gave the company a “market perform” rating in a research report on Wednesday, November 5th. Barclays increased their price objective on Yum! Brands from $163.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. JPMorgan Chase & Co. reduced their target price on shares of Yum! Brands from $162.00 to $160.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 6th. Finally, Piper Sandler upped their target price on shares of Yum! Brands from $157.00 to $158.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Thirteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $167.38.

Insider Buying and Selling

In other news, insider Erika Burkhardt sold 1,269 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $149.37, for a total transaction of $189,550.53. Following the transaction, the insider directly owned 64 shares in the company, valued at approximately $9,559.68. This represents a 95.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Tracy L. Skeans sold 24,332 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $149.10, for a total transaction of $3,627,901.20. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 37,870 shares of company stock valued at $5,657,495. Insiders own 0.33% of the company’s stock.

Yum! Brands Stock Performance

Shares of YUM opened at $152.99 on Friday. The company has a market cap of $42.48 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 2.08 and a beta of 0.73. The stock has a fifty day moving average price of $147.10 and a two-hundred day moving average price of $146.35. Yum! Brands, Inc. has a 52-week low of $122.13 and a 52-week high of $163.30.

Yum! Brands (NYSE:YUM) last announced its earnings results on Tuesday, November 4th. The restaurant operator reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.12. Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%.The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the company posted $1.37 earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. As a group, research analysts predict that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Tuesday, December 2nd will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.9%. The ex-dividend date is Tuesday, December 2nd. Yum! Brands’s dividend payout ratio (DPR) is presently 55.36%.

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.