Corient Private Wealth LLC Trims Holdings in Yum! Brands, Inc. (NYSE:YUM)

Corient Private Wealth LLC lessened its holdings in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 194,584 shares of the restaurant operator's stock after selling 14,789 shares during the period. Corient Private Wealth LLC owned approximately 0.07% of Yum! Brands worth $26,106,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cantillon Capital Management LLC boosted its holdings in shares of Yum! Brands by 31.7% in the 4th quarter. Cantillon Capital Management LLC now owns 1,880,379 shares of the restaurant operator's stock worth $252,272,000 after purchasing an additional 452,339 shares during the period. Raymond James Financial Inc. purchased a new position in Yum! Brands during the fourth quarter worth $59,289,000. Los Angeles Capital Management LLC increased its position in Yum! Brands by 140.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 437,625 shares of the restaurant operator's stock valued at $58,712,000 after acquiring an additional 255,495 shares during the last quarter. Anchor Capital Advisors LLC purchased a new stake in shares of Yum! Brands in the fourth quarter valued at $30,098,000. Finally, Amundi lifted its holdings in shares of Yum! Brands by 23.8% in the 4th quarter. Amundi now owns 749,895 shares of the restaurant operator's stock worth $95,792,000 after acquiring an additional 144,406 shares during the last quarter. Hedge funds and other institutional investors own 82.37% of the company's stock.

Analysts Set New Price Targets

YUM has been the topic of a number of recent analyst reports. Oppenheimer increased their price objective on shares of Yum! Brands from $154.00 to $160.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. TD Securities increased their price target on Yum! Brands from $151.00 to $164.00 and gave the stock a "hold" rating in a report on Wednesday, March 5th. Morgan Stanley raised their price target on Yum! Brands from $146.00 to $150.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 13th. Argus raised Yum! Brands from a "hold" rating to a "buy" rating and set a $155.00 price objective on the stock in a research report on Tuesday, December 31st. Finally, Barclays increased their target price on Yum! Brands from $162.00 to $165.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Fifteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $151.79.

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Insider Buying and Selling

In other Yum! Brands news, CEO David W. Gibbs sold 30,604 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $159.46, for a total value of $4,880,113.84. Following the completion of the sale, the chief executive officer now owns 160,296 shares of the company's stock, valued at approximately $25,560,800.16. This trade represents a 16.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David Eric Russell sold 5,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $158.66, for a total transaction of $793,300.00. Following the transaction, the vice president now owns 11,960 shares in the company, valued at approximately $1,897,573.60. This trade represents a 29.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,132 shares of company stock worth $7,952,685 in the last 90 days. 0.31% of the stock is owned by corporate insiders.

Yum! Brands Stock Performance

YUM stock traded down $1.15 during trading on Friday, reaching $156.75. 3,071,625 shares of the company traded hands, compared to its average volume of 1,885,066. The business has a 50 day simple moving average of $143.99 and a 200 day simple moving average of $137.82. Yum! Brands, Inc. has a 12 month low of $122.13 and a 12 month high of $163.30. The company has a market capitalization of $43.75 billion, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of 2.31 and a beta of 1.03.

Yum! Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were given a $0.71 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.81%. This is an increase from Yum! Brands's previous quarterly dividend of $0.67. Yum! Brands's payout ratio is presently 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.