Frank Rimerman Advisors LLC Grows Stock Holdings in Yum! Brands, Inc. (NYSE:YUM)

Frank Rimerman Advisors LLC lifted its stake in Yum! Brands, Inc. (NYSE:YUM) by 24.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,970 shares of the restaurant operator’s stock after purchasing an additional 789 shares during the period. Frank Rimerman Advisors LLC’s holdings in Yum! Brands were worth $533,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new stake in Yum! Brands during the 4th quarter worth about $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Yum! Brands during the third quarter worth about $29,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Yum! Brands during the fourth quarter worth about $33,000. Jackson Grant Investment Advisers Inc. increased its position in shares of Yum! Brands by 52.1% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 295 shares of the restaurant operator’s stock worth $40,000 after purchasing an additional 101 shares in the last quarter. Finally, Morse Asset Management Inc acquired a new stake in shares of Yum! Brands during the third quarter worth about $42,000. 82.37% of the stock is owned by hedge funds and other institutional investors.

Yum! Brands Stock Performance

YUM stock opened at $155.09 on Monday. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30. The stock’s 50 day moving average price is $141.01 and its 200 day moving average price is $137.08. The firm has a market cap of $43.29 billion, a P/E ratio of 29.71, a PEG ratio of 2.31 and a beta of 1.03.

Yum! Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a $0.71 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.84 dividend on an annualized basis and a yield of 1.83%. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.67. Yum! Brands’s dividend payout ratio is presently 54.41%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Morgan Stanley lifted their target price on Yum! Brands from $146.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Thursday. Stifel Nicolaus lifted their target price on Yum! Brands from $130.00 to $148.00 and gave the stock a “hold” rating in a research report on Friday, February 28th. Barclays lifted 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. Cowen restated a “hold” rating on shares of Yum! Brands in a research report on Wednesday, March 5th. Finally, Citigroup restated a “neutral” rating and issued a $141.00 price target (down previously from $153.00) on shares of Yum! Brands in a research report on Friday, January 10th. Fifteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $150.95.

Insider Activity at Yum! Brands

In other Yum! Brands news, insider Erika Burkhardt sold 597 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $159.07, for a total value of $94,964.79. Following the completion of the transaction, the insider now directly owns 64 shares in the company, valued at approximately $10,180.48. The trade was a 90.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Tracy L. Skeans sold 8,638 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $158.36, for a total value 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 $470,329.20. This trade represents a 74.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,839 shares of company stock valued at $7,136,292. 0.31% of the stock is owned by corporate insiders.

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.