Flagship Wealth Advisors LLC Acquires Shares of 2,139 Yum! Brands, Inc. (NYSE:YUM)

Flagship Wealth Advisors LLC acquired a new position in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,139 shares of the restaurant operator's stock, valued at approximately $287,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its holdings in shares of Yum! Brands by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 7,441,170 shares of the restaurant operator's stock worth $1,038,775,000 after acquiring an additional 111,147 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Yum! Brands by 4.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,355,367 shares of the restaurant operator's stock worth $315,996,000 after buying an additional 94,026 shares during the last quarter. Cantillon Capital Management LLC boosted its position 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 buying an additional 452,339 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Yum! Brands by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,677,290 shares of the restaurant operator's stock valued at $225,025,000 after acquiring an additional 44,428 shares during the last quarter. Finally, Swiss National Bank grew its stake in Yum! Brands by 0.3% in the 3rd quarter. Swiss National Bank now owns 835,800 shares of the restaurant operator's stock valued at $116,770,000 after acquiring an additional 2,800 shares during the last quarter. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insider Activity

In other news, CEO David W. Gibbs sold 5,293 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $154.24, for a total transaction of $816,392.32. Following the completion of the transaction, the chief executive officer now directly owns 157,893 shares of the company's stock, valued at $24,353,416.32. This represents a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David Eric Russell sold 5,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was 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 of the company's stock, valued at $1,897,573.60. The trade was 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 valued at $7,952,685 in the last ninety days. 0.31% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. TD Cowen reiterated a "hold" rating and issued a $140.00 price target on shares of Yum! Brands in a research report on Thursday, February 6th. Barclays raised their price target on Yum! Brands from $162.00 to $165.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Morgan Stanley upped their price objective on Yum! Brands from $146.00 to $150.00 and gave the company an "equal weight" rating in a research report on Thursday, March 13th. Argus upgraded Yum! Brands from a "hold" rating to a "buy" rating and set a $155.00 price objective for the company in a research report on Tuesday, December 31st. Finally, Oppenheimer raised 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $151.79.

Yum! Brands Stock Performance

Shares of NYSE YUM traded down $1.15 during trading on Friday, reaching $156.75. The company had a trading volume of 3,071,625 shares, compared to its average volume of 1,884,593. The stock has a market cap of $43.75 billion, a PE ratio of 30.03, a PEG ratio of 2.31 and a beta of 1.03. The business's 50 day moving average price is $143.32 and its 200-day moving average price is $137.67. Yum! Brands, Inc. has a 52 week low of $122.13 and a 52 week high of $163.30.

Yum! Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were given a dividend of $0.71 per share. This is a positive change from Yum! Brands's previous quarterly dividend of $0.67. This represents a $2.84 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Friday, February 21st. 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.