Apollon Wealth Management LLC Purchases 512 Shares of Yum! Brands, Inc. (NYSE:YUM)

Apollon Wealth Management LLC grew its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 7.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,738 shares of the restaurant operator’s stock after buying an additional 512 shares during the quarter. Apollon Wealth Management LLC’s holdings in Yum! Brands were worth $1,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of YUM. Los Angeles Capital Management LLC lifted its holdings in shares of Yum! Brands by 5,077.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 182,130 shares of the restaurant operator’s stock valued at $25,445,000 after buying an additional 178,612 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Yum! Brands by 14,151.9% during the 3rd quarter. International Assets Investment Management LLC now owns 148,220 shares of the restaurant operator’s stock valued at $20,708,000 after buying an additional 147,180 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Yum! Brands by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 7,441,170 shares of the restaurant operator’s stock valued at $1,038,775,000 after buying an additional 111,147 shares during the period. Markel Group Inc. raised its holdings in Yum! Brands by 80.9% in the 3rd quarter. Markel Group Inc. now owns 156,502 shares of the restaurant operator’s stock worth $21,865,000 after purchasing an additional 70,000 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in Yum! Brands by 907.3% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 76,416 shares of the restaurant operator’s stock worth $10,252,000 after purchasing an additional 68,830 shares during the period. 82.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on YUM. Redburn Atlantic cut Yum! Brands from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Loop Capital decreased their target price on Yum! Brands from $143.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. The Goldman Sachs Group raised their target price on Yum! Brands from $140.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Oppenheimer raised their target price on Yum! Brands from $154.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, TD Cowen reaffirmed a “hold” rating and issued a $140.00 target price on shares of Yum! Brands in a report on Thursday, February 6th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Yum! Brands has an average rating of “Hold” and an average price target of $147.37.

Insider Buying and Selling

In related news, CEO David W. Gibbs sold 3,815 shares of Yum! Brands stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $137.06, for a total value of $522,883.90. Following the completion of the transaction, the chief executive officer now owns 149,385 shares in the company, valued at approximately $20,474,708.10. This trade represents a 2.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.31% of the stock is currently owned by company insiders.

Yum! Brands Stock Down 1.0 %

Shares of Yum! Brands stock opened at $146.62 on Wednesday. The firm has a market cap of $40.92 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 2.36 and a beta of 1.11. Yum! Brands, Inc. has a twelve month low of $122.13 and a twelve month high of $148.20. The business has a 50-day moving average price of $132.55 and a 200-day moving average price of $134.08.

Yum! Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be given a $0.71 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.84 annualized dividend and a yield of 1.94%. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.67. Yum! Brands’s dividend payout ratio (DPR) is currently 54.41%.

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.