Yum! Brands, Inc. $YUM Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. lifted its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 31.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 419,878 shares of the restaurant operator’s stock after buying an additional 101,628 shares during the quarter. Federated Hermes Inc. owned approximately 0.15% of Yum! Brands worth $63,821,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in YUM. Brighton Jones LLC lifted its holdings in shares of Yum! Brands by 8.0% in the fourth quarter. Brighton Jones LLC now owns 7,861 shares of the restaurant operator’s stock valued at $1,055,000 after purchasing an additional 583 shares in the last quarter. Avior Wealth Management LLC lifted its stake in Yum! Brands by 37.4% in the 2nd quarter. Avior Wealth Management LLC now owns 3,267 shares of the restaurant operator’s stock valued at $484,000 after buying an additional 890 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in Yum! Brands by 2.8% during the 2nd quarter. Capital Investment Advisors LLC now owns 9,095 shares of the restaurant operator’s stock valued at $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% during 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 during the last quarter. Finally, OLD Point Trust & Financial Services N A increased its position in Yum! Brands by 1.7% during the second quarter. OLD Point Trust & Financial Services N A now owns 14,982 shares of the restaurant operator’s stock worth $2,220,000 after buying an additional 255 shares in the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Yum! Brands

In other Yum! Brands news, CEO Aaron Powell sold 2,790 shares of the company’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $150.48, for a total transaction of $419,839.20. Following the completion of the sale, the chief executive officer directly owned 26,650 shares in the company, valued at $4,010,292. This represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Erika Burkhardt sold 1,269 shares of Yum! Brands stock in a transaction dated 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 transaction, the insider directly owned 64 shares in the company, valued at $9,559.68. This represents a 95.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,695 shares of company stock worth $4,582,843 in the last three months. 0.33% of the stock is currently owned by insiders.

Yum! Brands Stock Performance

YUM opened at $153.95 on Thursday. Yum! Brands, Inc. has a 1 year low of $128.73 and a 1 year high of $163.30. The company’s 50 day simple moving average is $152.36 and its 200 day simple moving average is $148.56. The stock has a market capitalization of $42.74 billion, a PE ratio of 30.01, a P/E/G ratio of 2.12 and a beta of 0.67.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the firm posted $1.37 earnings per share. Yum! Brands’s revenue was up 8.4% on a year-over-year basis. As a group, sell-side analysts expect that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Tuesday, December 2nd were given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, December 2nd. Yum! Brands’s payout ratio is 55.36%.

Analyst Ratings Changes

A number of research firms recently commented on YUM. 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 objective on the stock. Citigroup raised their price target on shares of Yum! Brands from $164.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, January 22nd. Stifel Nicolaus set a $160.00 price objective on shares of Yum! Brands in a research report on Monday, November 17th. Piper Sandler reissued a “neutral” rating on shares of Yum! Brands in a research note on Friday, December 5th. Finally, TD Cowen raised shares of Yum! Brands from a “hold” rating to a “buy” rating and lifted their target price for the stock from $162.00 to $173.00 in a research note on Monday, November 17th. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Yum! Brands has a consensus rating of “Moderate Buy” and an average price target of $170.30.

Yum! Brands Profile

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.