Orion Portfolio Solutions LLC trimmed its position in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,428 shares of the restaurant operator's stock after selling 4,463 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Yum! Brands were worth $13,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Kohmann Bosshard Financial Services LLC bought a new stake in Yum! Brands in the fourth quarter worth $25,000. Safe Harbor Fiduciary LLC bought a new position in shares of Yum! Brands in the 3rd quarter worth $29,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Yum! Brands in the 4th quarter valued at about $33,000. Jackson Grant Investment Advisers Inc. increased its position in shares of Yum! Brands by 52.1% during 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 in the last quarter. Finally, Morse Asset Management Inc purchased a new stake in Yum! Brands in the third quarter valued at about $42,000. Hedge funds and other institutional investors own 82.37% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on YUM. TD Cowen reiterated a "hold" rating and issued a $140.00 price objective on shares of Yum! Brands in a research report on Thursday, February 6th. Morgan Stanley increased their price target on shares of Yum! Brands from $146.00 to $150.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 13th. Cowen reaffirmed a "hold" rating on shares of Yum! Brands in a research report on Wednesday, March 5th. Citigroup reissued a "neutral" rating and issued a $141.00 target price (down from $153.00) on shares of Yum! Brands in a research report on Friday, January 10th. Finally, Barclays boosted their target price on Yum! Brands from $162.00 to $165.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Fifteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Yum! Brands currently has a consensus rating of "Hold" and an average target price of $151.79.
View Our Latest Analysis on Yum! Brands
Insiders Place Their Bets
In related news, insider Erika Burkhardt sold 597 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $159.07, for a total transaction of $94,964.79. Following the completion of the transaction, the insider now owns 64 shares in the company, valued at $10,180.48. The trade was a 90.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David W. Gibbs sold 5,293 shares of the stock in a transaction dated Monday, March 17th. The shares were 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 owns 157,893 shares of the company's stock, valued at $24,353,416.32. This represents a 3.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,132 shares of company stock worth $7,952,685. Insiders own 0.31% of the company's stock.
Yum! Brands Trading Up 0.8 %
NYSE:YUM traded up $1.28 during trading hours on Monday, hitting $157.04. 3,510,584 shares of the stock were exchanged, compared to its average volume of 1,959,951. The company has a market cap of $43.83 billion, a P/E ratio of 30.08, a P/E/G ratio of 2.31 and a beta of 1.03. Yum! Brands, Inc. has a 52-week low of $122.13 and a 52-week high of $163.30. The firm's fifty day moving average price is $147.14 and its 200 day moving average price is $138.69.
Yum! Brands Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders 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 yield of 1.81%. The ex-dividend date was Friday, February 21st. Yum! Brands's dividend payout ratio is presently 54.41%.
About Yum! Brands
(
Free Report)
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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