Skandinaviska Enskilda Banken AB publ Acquires 1,256 Shares of Yum! Brands, Inc. $YUM

Skandinaviska Enskilda Banken AB publ raised its stake in Yum! Brands, Inc. (NYSE:YUM) by 2.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,718 shares of the restaurant operator’s stock after acquiring an additional 1,256 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Yum! Brands were worth $8,849,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in YUM. Manchester Capital Management LLC increased its position in Yum! Brands by 78.0% during the 1st quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 71 shares in the last quarter. Greykasell Wealth Strategies Inc. acquired a new stake in Yum! Brands in the first quarter valued at approximately $25,000. HFM Investment Advisors LLC bought a new stake in shares of Yum! Brands during the first quarter worth $25,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Yum! Brands during the second quarter worth $29,000. Finally, Financial Gravity Companies Inc. acquired a new position in shares of Yum! Brands during the second quarter worth $36,000. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Yum! Brands

In related news, COO Tracy L. Skeans sold 24,332 shares of Yum! Brands stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $419,839.20. Following the completion of the transaction, the chief executive officer owned 26,650 shares in the company, valued at approximately $4,010,292. The trade was a 9.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 37,870 shares of company stock valued at $5,657,495 over the last 90 days. 0.33% of the stock is owned by company insiders.

Yum! Brands Trading Down 0.4%

Shares of YUM stock opened at $153.21 on Friday. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30. The stock has a market cap of $42.54 billion, a price-to-earnings ratio of 30.22, a PEG ratio of 2.08 and a beta of 0.73. The stock has a 50-day moving average of $147.70 and a 200-day moving average of $146.55.

Yum! Brands (NYSE:YUM) last announced its earnings results on Tuesday, November 4th. The restaurant operator reported $1.58 EPS for the quarter, beating the consensus estimate of $1.46 by $0.12. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%.The firm’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.37 earnings per share. Sell-side analysts forecast that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Yum! Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Tuesday, December 2nd will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, December 2nd. Yum! Brands’s dividend payout ratio is currently 55.36%.

Analyst Ratings Changes

YUM has been the topic of several recent research reports. Wells Fargo & Company cut their price objective on Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 6th. Royal Bank Of Canada began coverage on Yum! Brands in a research note on Wednesday, October 8th. They set a “sector perform” rating and a $165.00 price target on the stock. Barclays boosted their price target on Yum! Brands from $163.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. BMO Capital Markets raised their price objective on shares of Yum! Brands from $150.00 to $155.00 and gave the company a “market perform” rating in a report on Wednesday, November 5th. Finally, Piper Sandler boosted 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 equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Yum! Brands has an average rating of “Moderate Buy” and an average 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.