Callan Family Office LLC Makes New Investment in Yum! Brands, Inc. (NYSE:YUM)

Callan Family Office LLC acquired a new position in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,255 shares of the restaurant operator's stock, valued at approximately $571,000.

A number of other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in shares of Yum! Brands by 4.2% during the fourth quarter. Bank of New York Mellon Corp now owns 2,355,367 shares of the restaurant operator's stock valued at $315,996,000 after acquiring an additional 94,026 shares during the period. Toronto Dominion Bank raised its stake in Yum! Brands by 15.5% during the 3rd quarter. Toronto Dominion Bank now owns 127,446 shares of the restaurant operator's stock valued at $17,805,000 after purchasing an additional 17,133 shares during the period. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of Yum! Brands in the third quarter valued at $1,262,000. Cantillon Capital Management LLC boosted its position in shares of Yum! Brands by 31.7% in the fourth quarter. Cantillon Capital Management LLC now owns 1,880,379 shares of the restaurant operator's stock worth $252,272,000 after buying an additional 452,339 shares during the period. Finally, Forsta AP Fonden grew its holdings in shares of Yum! Brands by 5.3% during the fourth quarter. Forsta AP Fonden now owns 110,500 shares of the restaurant operator's stock valued at $14,825,000 after buying an additional 5,600 shares in the last quarter. 82.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Yum! Brands news, COO Tracy L. Skeans sold 8,638 shares of Yum! Brands stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $158.36, for a total transaction of $1,367,913.68. Following the sale, the chief operating officer now owns 2,970 shares in the company, valued at $470,329.20. The trade was a 74.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP David Eric Russell sold 5,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $158.66, for a total transaction of $793,300.00. Following the completion of the transaction, the vice president now owns 11,960 shares of the company's stock, valued at approximately $1,897,573.60. This represents a 29.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,654 shares of company stock valued at $7,659,176 over the last three months. 0.31% of the stock is owned by corporate insiders.

Remove Ads

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Argus raised Yum! Brands from a "hold" rating to a "buy" rating and set a $155.00 price objective for the company in a research note on Tuesday, December 31st. UBS Group raised their price target on shares of Yum! Brands from $156.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Cowen reiterated a "hold" rating on shares of Yum! Brands in a research note on Wednesday, March 5th. Stifel Nicolaus lifted their target price on shares of Yum! Brands from $130.00 to $148.00 and gave the company a "hold" rating in a research note on Friday, February 28th. Finally, Oppenheimer upped their price target on shares of Yum! Brands from $154.00 to $160.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Fifteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $150.42.

Yum! Brands Stock Performance

Shares of Yum! Brands stock traded down $0.56 during trading on Tuesday, reaching $157.53. The company's stock had a trading volume of 1,074,274 shares, compared to its average volume of 1,910,724. Yum! Brands, Inc. has a one year low of $122.13 and a one year high of $163.30. The firm has a market cap of $43.97 billion, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 2.31 and a beta of 1.03. The business's fifty day moving average price is $139.32 and its 200-day moving average price is $136.52.

Yum! Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.80%. This is a positive change from Yum! Brands's previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Friday, February 21st. Yum! Brands's dividend payout ratio (DPR) is currently 54.41%.

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.