Summit Place Financial Advisors LLC Acquires Shares of 13,585 Yum! Brands, Inc. (NYSE:YUM)

Summit Place Financial Advisors LLC bought a new position in shares of Yum! Brands, Inc. (NYSE:YUM) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 13,585 shares of the restaurant operator’s stock, valued at approximately $1,823,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in shares of Yum! Brands by 23.1% in the third quarter. Blue Trust Inc. now owns 3,561 shares of the restaurant operator’s stock worth $472,000 after buying an additional 668 shares during the last quarter. Raymond James & Associates grew its stake in shares of Yum! Brands by 0.8% during the 3rd quarter. Raymond James & Associates now owns 358,345 shares of the restaurant operator’s stock worth $50,064,000 after purchasing an additional 2,921 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Yum! Brands by 0.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 14,638 shares of the restaurant operator’s stock valued at $2,045,000 after purchasing an additional 105 shares in the last quarter. Venture Visionary Partners LLC lifted its stake in shares of Yum! Brands by 3.5% in the 3rd quarter. Venture Visionary Partners LLC now owns 4,524 shares of the restaurant operator’s stock valued at $632,000 after purchasing an additional 155 shares during the period. Finally, Ledyard National Bank boosted its holdings in Yum! Brands by 26.4% during the third quarter. Ledyard National Bank now owns 2,358 shares of the restaurant operator’s stock worth $329,000 after buying an additional 493 shares in the last quarter. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Yum! Brands Trading Down 0.4 %

NYSE:YUM opened at $147.27 on Wednesday. The company’s 50-day moving average price is $133.67 and its 200-day moving average price is $134.73. The company has a market cap of $41.10 billion, a P/E ratio of 28.21, a P/E/G ratio of 2.26 and a beta of 1.10. Yum! Brands, Inc. has a twelve month low of $122.13 and a twelve month high of $149.30.

Yum! Brands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be 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 1.93%. The ex-dividend date is Friday, February 21st. Yum! Brands’s dividend payout ratio (DPR) is currently 51.34%.

Insider Transactions at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 3,815 shares of Yum! Brands stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $137.06, for a total transaction of $522,883.90. Following the transaction, the chief executive officer now directly owns 149,385 shares of the company’s stock, valued at $20,474,708.10. The trade was a 2.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on YUM shares. UBS Group raised their price target on shares of Yum! Brands from $156.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Morgan Stanley restated an “equal weight” rating and set a $140.00 price target (down previously from $158.00) on shares of Yum! Brands in a research report on Tuesday, January 21st. TD Securities raised their price target on shares of Yum! Brands from $140.00 to $151.00 and gave the company a “hold” rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Finally, TD Cowen restated a “hold” rating and set a $140.00 price target on shares of Yum! Brands in a research report on Thursday, February 6th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $147.37.

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.