Peapack Gladstone Financial Corp Sells 1,760 Shares of Yum! Brands, Inc. (NYSE:YUM)

Peapack Gladstone Financial Corp lowered its position in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,117 shares of the restaurant operator's stock after selling 1,760 shares during the period. Peapack Gladstone Financial Corp's holdings in Yum! Brands were worth $2,832,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in Yum! Brands in the 4th quarter valued at about $25,000. WealthTrak Capital Management LLC purchased a new stake in shares of Yum! Brands during the fourth quarter valued at approximately $25,000. Halbert Hargrove Global Advisors LLC bought a new stake in Yum! Brands during the fourth quarter worth $33,000. Jackson Grant Investment Advisers Inc. boosted its position in 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 last quarter. Finally, Morse Asset Management Inc bought a new position in Yum! Brands in the 3rd quarter valued at $42,000. 82.37% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, VP David Eric Russell sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $158.66, for a total value of $793,300.00. Following the completion of the sale, the vice president now directly owns 11,960 shares in the company, valued at approximately $1,897,573.60. The trade was a 29.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David W. Gibbs sold 30,604 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $159.46, for a total transaction of $4,880,113.84. Following the transaction, the chief executive officer now directly owns 160,296 shares in the company, valued at approximately $25,560,800.16. This represents a 16.03 % 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 over the last 90 days. Insiders own 0.31% of the company's stock.

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Yum! Brands Price Performance

Shares of NYSE:YUM traded down $0.53 on Friday, hitting $144.97. The company's stock had a trading volume of 3,002,483 shares, compared to its average volume of 2,017,295. The company has a market capitalization of $40.46 billion, a PE ratio of 27.77, a PEG ratio of 2.31 and a beta of 0.90. The company has a 50-day simple moving average of $152.06 and a 200 day simple moving average of $140.04. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30.

Yum! Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a dividend of $0.71 per share. 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 dividend yield of 1.96%. The ex-dividend date was Friday, February 21st. Yum! Brands's payout ratio is currently 54.41%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Oppenheimer boosted their price target on shares of Yum! Brands from $154.00 to $160.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Cowen reissued a "hold" rating on shares of Yum! Brands in a research report on Wednesday, March 5th. UBS Group upped their price objective 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 reissued a "hold" rating and issued a $164.00 target price on shares of Yum! Brands in a research report on Monday, March 31st. Finally, Sanford C. Bernstein lowered Yum! Brands from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $140.00 to $135.00 in a research note on Wednesday, January 22nd. Sixteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $152.24.

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.