Callan Family Office LLC Purchases New Shares in Yum! Brands, Inc. (NYSE:YUM)

Callan Family Office LLC acquired a new position in Yum! Brands, Inc. (NYSE:YUM) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,255 shares of the restaurant operator’s stock, valued at approximately $571,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in YUM. Freestone Capital Holdings LLC bought a new position in shares of Yum! Brands in the 4th quarter worth about $218,000. Raymond James Financial Inc. purchased a new stake in Yum! Brands in the fourth quarter worth about $59,289,000. Proficio Capital Partners LLC bought a new position in shares of Yum! Brands during the fourth quarter valued at approximately $14,403,000. Atria Investments Inc lifted its holdings in shares of Yum! Brands by 0.4% during the fourth quarter. Atria Investments Inc now owns 24,937 shares of the restaurant operator’s stock valued at $3,346,000 after purchasing an additional 92 shares during the last quarter. Finally, Keybank National Association OH boosted its position in shares of Yum! Brands by 7.8% in the 4th quarter. Keybank National Association OH now owns 15,847 shares of the restaurant operator’s stock worth $2,126,000 after purchasing an additional 1,142 shares in the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Yum! Brands Trading Up 2.1 %

YUM opened at $162.67 on Monday. Yum! Brands, Inc. has a 12-month low of $122.13 and a 12-month high of $163.30. The company has a market cap of $45.40 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 2.31 and a beta of 1.03. The company’s 50 day moving average is $138.84 and its 200 day moving average is $136.37.

Yum! Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were given a dividend of $0.71 per share. This is an increase from Yum! Brands’s previous quarterly dividend of $0.67. The ex-dividend date was Friday, February 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.75%. Yum! Brands’s payout ratio is presently 54.41%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on YUM shares. Citigroup reaffirmed a “neutral” rating and set a $141.00 price objective (down previously from $153.00) on shares of Yum! Brands in a research report on Friday, January 10th. Barclays lifted their price target on Yum! Brands from $162.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Stifel Nicolaus increased their price objective on shares of Yum! Brands from $130.00 to $148.00 and gave the company a “hold” rating in a research report on Friday, February 28th. UBS Group raised their price objective on shares of Yum! Brands from $156.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company upped their target price on shares of Yum! Brands from $145.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 5th. Fourteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $150.42.

Insider Transactions at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 30,604 shares of the company’s stock in a transaction dated 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 owns 160,296 shares in the company, valued at $25,560,800.16. This represents a 16.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP David Eric Russell sold 5,000 shares of Yum! Brands stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $158.66, for a total value of $793,300.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,654 shares of company stock worth $7,659,176 in the last three months. Corporate insiders own 0.31% of the company’s stock.

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.