Integrated Advisors Network LLC acquired a new position in shares of Yum! Brands, Inc. (NYSE:YUM – Free Report) in the third quarter, HoldingsChannel.com reports. The firm acquired 1,818 shares of the restaurant operator’s stock, valued at approximately $254,000.
Several other large investors have also recently added to or reduced their stakes in the stock. Ruedi Wealth Management Inc. raised its holdings in shares of Yum! Brands by 79.8% during the first quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 83 shares during the last quarter. Manchester Capital Management LLC raised its stake in Yum! Brands by 165.7% during the 1st quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 116 shares in the last quarter. Crewe Advisors LLC acquired a new position in Yum! Brands during the 1st quarter worth $28,000. DiNuzzo Private Wealth Inc. grew its stake in shares of Yum! Brands by 957.1% in the third quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 201 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of Yum! Brands by 43.6% during the second quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 82 shares during the period. 82.37% of the stock is owned by institutional investors and hedge funds.
Yum! Brands Price Performance
Shares of Yum! Brands stock opened at $132.34 on Friday. The firm has a 50 day simple moving average of $134.30 and a 200 day simple moving average of $134.92. Yum! Brands, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $143.20. The firm has a market cap of $37.21 billion, a P/E ratio of 24.24, a P/E/G ratio of 2.10 and a beta of 1.08.
Yum! Brands Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum! Brands’s dividend payout ratio is currently 49.08%.
Analysts Set New Price Targets
YUM has been the subject of a number of recent analyst reports. Evercore ISI lowered shares of Yum! Brands from an “outperform” rating to an “inline” rating and decreased their target price for the company from $160.00 to $145.00 in a research report on Tuesday, July 16th. Robert W. Baird raised their price objective on shares of Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft upped their target price on Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Morgan Stanley lowered their price target on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. upped their price objective on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $146.44.
Read Our Latest Research Report on YUM
Insider Buying and Selling at Yum! Brands
In related news, CEO Sabir Sami sold 71,051 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $137.16, for a total transaction of $9,745,355.16. Following the sale, the chief executive officer now owns 68 shares of the company’s stock, valued at approximately $9,326.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $134.43, for a total value of $941,682.15. Following the sale, the chief executive officer now directly owns 155,883 shares in the company, valued at $20,955,351.69. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sabir Sami sold 71,051 shares of Yum! Brands stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $137.16, for a total transaction of $9,745,355.16. Following the completion of the sale, the chief executive officer now owns 68 shares in the company, valued at $9,326.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,673 shares of company stock valued at $13,918,095. Corporate insiders own 0.31% of the company’s stock.
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.
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