Yum! Brands, Inc. (NYSE:YUM) Shares Sold by MV Capital Management Inc.

MV Capital Management Inc. cut its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 18.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 352 shares of the restaurant operator’s stock after selling 81 shares during the period. MV Capital Management Inc.’s holdings in Yum! Brands were worth $47,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Townsquare Capital LLC increased its holdings in Yum! Brands by 10.3% in the 3rd quarter. Townsquare Capital LLC now owns 16,779 shares of the restaurant operator’s stock worth $2,344,000 after acquiring an additional 1,568 shares in the last quarter. CreativeOne Wealth LLC acquired a new stake in shares of Yum! Brands in the third quarter valued at about $1,227,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Yum! Brands by 8.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 117,959 shares of the restaurant operator’s stock worth $16,480,000 after purchasing an additional 9,099 shares in the last quarter. Fiduciary Trust Co raised its position in shares of Yum! Brands by 3.4% during the 3rd quarter. Fiduciary Trust Co now owns 9,637 shares of the restaurant operator’s stock worth $1,346,000 after purchasing an additional 319 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its stake in Yum! Brands by 12.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 12,153 shares of the restaurant operator’s stock valued at $1,698,000 after buying an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Insider Buying and Selling

In related news, COO Tracy L. Skeans sold 8,638 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $158.36, for a total transaction of $1,367,913.68. Following the completion of the transaction, the chief operating officer now owns 2,970 shares of the company’s stock, valued at approximately $470,329.20. This trade represents a 74.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Erika Burkhardt sold 597 shares of Yum! Brands stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $159.07, for a total transaction of $94,964.79. Following the completion of the sale, the insider now owns 64 shares of the company’s stock, valued at $10,180.48. This trade represents a 90.32 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,132 shares of company stock valued at $7,952,685. 0.31% of the stock is currently owned by insiders.

Yum! Brands Stock Performance

Shares of Yum! Brands stock opened at $155.72 on Friday. The stock has a 50 day moving average of $147.14 and a 200 day moving average of $138.65. The firm has a market capitalization of $43.46 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 2.31 and a beta of 1.03. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $163.30.

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 issued a dividend of $0.71 per share. The ex-dividend date was Friday, February 21st. This is a boost from Yum! Brands’s previous quarterly dividend of $0.67. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.82%. Yum! Brands’s dividend payout ratio is currently 54.41%.

Analyst Ratings Changes

YUM has been the subject of several research reports. Cowen reiterated a “hold” rating on shares of Yum! Brands in a research note on Wednesday, March 5th. TD Securities increased their price objective on Yum! Brands from $151.00 to $164.00 and gave the company a “hold” rating in a research note on Wednesday, March 5th. TD Cowen restated a “hold” rating and issued a $140.00 price objective on shares of Yum! Brands in a report on Thursday, February 6th. Argus raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $155.00 target price for the company in a report on Tuesday, December 31st. Finally, UBS Group raised their price target on shares of Yum! Brands from $156.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Fifteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $151.79.

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.