Arrowroot Family Office LLC Makes New $224,000 Investment in Yum! Brands, Inc. $YUM

Arrowroot Family Office LLC acquired a new position in shares of Yum! Brands, Inc. (NYSE:YUM) in the second quarter, Holdings Channel reports. The firm acquired 1,512 shares of the restaurant operator’s stock, valued at approximately $224,000.

A number of other hedge funds have also recently made changes to their positions in YUM. Manchester Capital Management LLC lifted its position in shares of Yum! Brands by 78.0% during the first quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 71 shares during the last quarter. Greykasell Wealth Strategies Inc. purchased a new stake in Yum! Brands during the first quarter valued at approximately $25,000. HFM Investment Advisors LLC purchased a new stake in Yum! Brands during the first quarter valued at approximately $25,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in Yum! Brands during the second quarter valued at approximately $29,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in Yum! Brands during the first quarter valued at approximately $38,000. 82.37% of the stock is currently owned by hedge funds and other institutional investors.

Yum! Brands Stock Down 0.2%

Shares of NYSE:YUM opened at $149.25 on Thursday. Yum! Brands, Inc. has a 52-week low of $122.13 and a 52-week high of $163.30. The stock has a market cap of $41.42 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 2.08 and a beta of 0.72. The business has a 50-day moving average price of $146.41 and a 200-day moving average price of $146.18.

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

Yum! Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 2nd. Yum! Brands’s dividend payout ratio (DPR) is 56.02%.

Analysts Set New Price Targets

Several brokerages have recently commented on YUM. BMO Capital Markets increased their price objective on Yum! Brands from $150.00 to $155.00 and gave the company a “market perform” rating in a report on Wednesday. Piper Sandler increased their price target on Yum! Brands from $157.00 to $158.00 and gave the company a “neutral” rating in a research note on Wednesday. Wells Fargo & Company decreased their price target on Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 6th. Guggenheim decreased their price objective on shares of Yum! Brands from $167.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Yum! Brands from $162.00 to $160.00 and set an “overweight” rating for the company in a research report on Wednesday, August 6th. Twelve investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.29.

Insider Buying and Selling at Yum! Brands

In related news, COO Tracy L. Skeans sold 12,220 shares of Yum! Brands stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $148.24, for a total transaction of $1,811,492.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Weir Mirian M. Graddick sold 2,038 shares of Yum! Brands stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $145.30, for a total value of $296,121.40. Following the transaction, the director owned 1,233 shares of the company’s stock, valued at approximately $179,154.90. This represents a 62.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 30,084 shares of company stock worth $4,457,537. Insiders own 0.33% of the company’s stock.

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.