Chevy Chase Trust Holdings LLC Sells 4,397 Shares of Yum! Brands, Inc. (NYSE:YUM)

Chevy Chase Trust Holdings LLC trimmed its position in Yum! Brands, Inc. (NYSE:YUM) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 153,164 shares of the restaurant operator’s stock after selling 4,397 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Yum! Brands worth $20,548,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Toronto Dominion Bank boosted its holdings in Yum! Brands by 15.5% in the 3rd quarter. Toronto Dominion Bank now owns 127,446 shares of the restaurant operator’s stock valued at $17,805,000 after purchasing an additional 17,133 shares during the period. OVERSEA CHINESE BANKING Corp Ltd bought a new position in Yum! Brands in the 3rd quarter valued at $1,262,000. Forsta AP Fonden boosted its holdings in Yum! Brands by 5.3% in the 4th 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% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 689,631 shares of the restaurant operator’s stock valued at $96,348,000 after purchasing an additional 20,966 shares during the period. Finally, Infusive Asset Management Inc. boosted its holdings in Yum! Brands by 15.1% in the 3rd quarter. Infusive Asset Management Inc. now owns 43,419 shares of the restaurant operator’s stock valued at $6,066,000 after purchasing an additional 5,684 shares during the period. 82.37% of the stock is owned by institutional investors.

Insider Buying and Selling at Yum! Brands

In related news, CEO David W. Gibbs sold 3,815 shares of the business’s 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 owns 149,385 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Yum! Brands Trading Down 0.6 %

YUM stock opened at $147.80 on Friday. The firm’s 50-day moving average price is $133.32 and its two-hundred day moving average price is $134.52. Yum! Brands, Inc. has a 12-month low of $122.13 and a 12-month high of $149.30. The stock has a market capitalization of $41.25 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 2.36 and a beta of 1.10.

Yum! Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a $0.71 dividend. This is a boost from Yum! Brands’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.92%. Yum! Brands’s payout ratio is presently 51.34%.

Analyst Ratings Changes

YUM has been the subject of a number of research analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $140.00 price objective (down from $158.00) on shares of Yum! Brands in a report on Tuesday, January 21st. Oppenheimer lifted their price objective 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. Sanford C. Bernstein downgraded shares of Yum! Brands from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $140.00 to $135.00 in a report on Wednesday, January 22nd. Bank of America dropped their price objective on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Finally, Citigroup reaffirmed a “neutral” rating and set a $141.00 price objective (down from $153.00) on shares of Yum! Brands in a report on Friday, January 10th. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Yum! Brands presently has an average rating of “Hold” and an average price target of $147.37.

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.