OVERSEA CHINESE BANKING Corp Ltd Decreases Stake in Yum! Brands, Inc. (NYSE:YUM)

OVERSEA CHINESE BANKING Corp Ltd decreased its holdings in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 43.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,124 shares of the restaurant operator's stock after selling 4,016 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Yum! Brands were worth $693,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. HBK Sorce Advisory LLC grew its holdings in shares of Yum! Brands by 2.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 2,664 shares of the restaurant operator's stock worth $357,000 after purchasing an additional 69 shares in the last quarter. Investment Partners LTD. lifted its position in Yum! Brands by 2.3% during the fourth quarter. Investment Partners LTD. now owns 3,231 shares of the restaurant operator's stock valued at $433,000 after purchasing an additional 72 shares during the last quarter. Bahl & Gaynor Inc. grew its stake in Yum! Brands by 5.0% in the 4th quarter. Bahl & Gaynor Inc. now owns 1,575 shares of the restaurant operator's stock worth $211,000 after buying an additional 75 shares in the last quarter. Gladstone Institutional Advisory LLC increased its holdings in shares of Yum! Brands by 3.9% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 2,165 shares of the restaurant operator's stock worth $290,000 after buying an additional 82 shares during the last quarter. Finally, Anchor Investment Management LLC raised its position in shares of Yum! Brands by 7.4% during the 3rd quarter. Anchor Investment Management LLC now owns 1,329 shares of the restaurant operator's stock valued at $186,000 after buying an additional 92 shares in the last quarter. 82.37% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In related news, CEO David W. Gibbs sold 5,293 shares of the business's 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 sale, the chief executive officer now owns 157,893 shares of the company's stock, valued at $24,353,416.32. The trade was a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Erika Burkhardt sold 597 shares of the company'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 value of $94,964.79. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold 50,132 shares of company stock worth $7,952,685 over the last three months. Company insiders own 0.31% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wells Fargo & Company increased their target price on Yum! Brands from $145.00 to $160.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 5th. Oppenheimer increased their price objective on Yum! Brands from $154.00 to $160.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. Cowen restated a "hold" rating on shares of Yum! Brands in a research report on Wednesday, March 5th. Morgan Stanley upped their target price 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. Finally, Stifel Nicolaus lifted their price target on shares of Yum! Brands from $130.00 to $148.00 and gave the stock a "hold" rating in a research note on Friday, February 28th. Fifteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $151.79.

Yum! Brands Stock Performance

YUM stock traded down $0.93 on Monday, reaching $155.82. The company's stock had a trading volume of 1,952,505 shares, compared to its average volume of 1,887,687. Yum! Brands, Inc. has a 12-month low of $122.13 and a 12-month high of $163.30. The firm has a market cap of $43.49 billion, a PE ratio of 29.85, a PEG ratio of 2.31 and a beta of 1.03. The business has a fifty day simple moving average of $143.99 and a two-hundred day simple moving average of $137.88.

Yum! Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a $0.71 dividend. This is an increase from Yum! Brands's previous quarterly dividend of $0.67. This represents a $2.84 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Friday, February 21st. Yum! Brands's dividend 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.