Yum! Brands, Inc. (NYSE:YUM) Shares Bought by FIL Ltd

FIL Ltd boosted its stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 70.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,518 shares of the restaurant operator's stock after purchasing an additional 2,287 shares during the quarter. FIL Ltd's holdings in Yum! Brands were worth $740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in YUM. WealthTrak Capital Management LLC bought a new position in shares of Yum! Brands during the 4th quarter worth approximately $25,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Yum! Brands during the fourth quarter worth $25,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Yum! Brands during the 4th quarter valued at $33,000. Jackson Grant Investment Advisers Inc. boosted its position in shares of Yum! Brands by 52.1% in the 4th 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 position in Yum! Brands during the 3rd quarter worth $42,000. Hedge funds and other institutional investors own 82.37% of the company's stock.

Insider Activity at Yum! Brands

In other Yum! Brands news, insider Erika Burkhardt sold 597 shares of the business's stock in a transaction 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 transaction, the insider now owns 64 shares of the company's stock, valued at approximately $10,180.48. The trade was a 90.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David W. Gibbs sold 30,604 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $159.46, for a total value of $4,880,113.84. Following the completion of the sale, the chief executive officer now directly owns 160,296 shares of the company's stock, valued at $25,560,800.16. This trade represents a 16.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,271 shares of company stock valued at $8,706,576. Corporate insiders own 0.31% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

YUM has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on Yum! Brands from $130.00 to $148.00 and gave the stock a "hold" rating in a research note on Friday, February 28th. Cowen reaffirmed a "hold" rating on shares of Yum! Brands in a report on Wednesday, March 5th. Oppenheimer boosted their price objective on shares of Yum! Brands from $154.00 to $160.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Robert W. Baird reduced their target price on Yum! Brands from $176.00 to $174.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. Finally, Piper Sandler boosted their price target on Yum! Brands from $140.00 to $150.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Sixteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $152.71.

Yum! Brands Stock Performance

Shares of NYSE:YUM traded down $2.01 during trading on Wednesday, reaching $142.68. The stock had a trading volume of 1,952,691 shares, compared to its average volume of 2,021,209. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30. The stock has a market cap of $39.82 billion, a PE ratio of 27.33, a PEG ratio of 2.31 and a beta of 0.90. The business has a fifty day moving average price of $152.37 and a 200-day moving average price of $140.11.

Yum! Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders 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 annualized dividend and a dividend yield of 1.99%. The ex-dividend date was Friday, February 21st. Yum! Brands's dividend payout ratio (DPR) is currently 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.