NewEdge Advisors LLC Decreases Stock Holdings in Yum! Brands, Inc. (NYSE:YUM)

NewEdge Advisors LLC lessened its stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 29.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,349 shares of the restaurant operator's stock after selling 6,450 shares during the quarter. NewEdge Advisors LLC's holdings in Yum! Brands were worth $2,059,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in YUM. Kohmann Bosshard Financial Services LLC bought a new position in shares of Yum! Brands in the fourth quarter worth about $25,000. WealthTrak Capital Management LLC purchased a new stake in Yum! Brands in the 4th quarter worth approximately $25,000. Halbert Hargrove Global Advisors LLC purchased a new position in Yum! Brands during the fourth quarter valued at approximately $33,000. Jackson Grant Investment Advisers Inc. boosted its position in shares of Yum! Brands by 52.1% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 295 shares of the restaurant operator's stock worth $40,000 after purchasing an additional 101 shares during the period. Finally, Morse Asset Management Inc bought a new stake in shares of Yum! Brands during the 3rd quarter valued at $42,000. Institutional investors own 82.37% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on YUM shares. UBS Group lifted their target price on Yum! Brands from $156.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, February 7th. TD Securities restated a "hold" rating and set a $164.00 price objective on shares of Yum! Brands in a research report on Monday, March 31st. Piper Sandler boosted their target price on Yum! Brands from $140.00 to $150.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Morgan Stanley raised their price target on Yum! Brands from $146.00 to $150.00 and gave the company an "equal weight" rating in a report on Thursday, March 13th. Finally, Cowen reaffirmed a "hold" rating on shares of Yum! Brands in a report on Wednesday, March 5th. Sixteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $152.62.

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, insider Erika Burkhardt sold 597 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $159.07, for a total transaction of $94,964.79. Following the transaction, the insider now owns 64 shares of the company's stock, valued at approximately $10,180.48. This trade represents a 90.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP David Eric Russell sold 5,000 shares of the business'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 completion of the sale, 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 sold a total of 55,271 shares of company stock valued at $8,706,576 in the last ninety days. Corporate insiders own 0.33% of the company's stock.

Yum! Brands Price Performance

Yum! Brands stock opened at $145.09 on Wednesday. The stock has a market cap of $40.49 billion, a price-to-earnings ratio of 27.79, a price-to-earnings-growth ratio of 2.31 and a beta of 0.90. The firm has a 50-day moving average of $152.00 and a two-hundred day moving average of $140.27. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30.

Yum! Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a $0.71 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.84 annualized dividend and a yield of 1.96%. This is a boost from Yum! Brands's previous quarterly dividend of $0.67. Yum! Brands's dividend payout ratio is 54.41%.

Yum! Brands Company 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.

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