Yum! Brands, Inc. (NYSE:YUM) Shares Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lifted its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 16.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,076 shares of the restaurant operator’s stock after purchasing an additional 845 shares during the period. Kestra Private Wealth Services LLC’s holdings in Yum! Brands were worth $815,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of YUM. Toronto Dominion Bank raised its position in Yum! Brands by 15.5% in the third quarter. Toronto Dominion Bank now owns 127,446 shares of the restaurant operator’s stock worth $17,805,000 after acquiring an additional 17,133 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Yum! Brands in the 3rd quarter valued at about $1,262,000. Forsta AP Fonden lifted its stake in shares of Yum! Brands by 5.3% in the fourth quarter. Forsta AP Fonden now owns 110,500 shares of the restaurant operator’s stock valued at $14,825,000 after purchasing an additional 5,600 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Yum! Brands by 3.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 689,631 shares of the restaurant operator’s stock worth $96,348,000 after buying an additional 20,966 shares in the last quarter. Finally, Infusive Asset Management Inc. grew its position in Yum! Brands by 15.1% during the third quarter. Infusive Asset Management Inc. now owns 43,419 shares of the restaurant operator’s stock worth $6,066,000 after buying an additional 5,684 shares during the period. 82.37% of the stock is owned by institutional investors and hedge funds.

Yum! Brands Price Performance

NYSE YUM opened at $147.80 on Friday. The company has a 50-day moving average of $133.11 and a 200-day moving average of $134.40. Yum! Brands, Inc. has a 12 month low of $122.13 and a 12 month high of $149.30. The company has a market cap of $41.25 billion, a P/E ratio of 28.31, a P/E/G ratio of 2.36 and a beta of 1.10.

Yum! Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Friday, February 21st. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.67. Yum! Brands’s dividend payout ratio (DPR) is 51.34%.

Insider Activity

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

Wall Street Analyst Weigh In

YUM has been the subject of a number of research reports. Sanford C. Bernstein downgraded shares of Yum! Brands from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $140.00 to $135.00 in a research report on Wednesday, January 22nd. Barclays boosted their target price on Yum! Brands from $162.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. TD Cowen reaffirmed a “hold” rating and set a $140.00 price target on shares of Yum! Brands in a research note on Thursday, February 6th. Loop Capital decreased their price objective on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Finally, Oppenheimer raised their target price 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. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Yum! Brands currently has an average rating of “Hold” and a consensus target price of $147.37.

About Yum! Brands

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.