CIBC Private Wealth Group LLC Decreases Holdings in Yum! Brands, Inc. (NYSE:YUM)

CIBC Private Wealth Group LLC decreased its stake in Yum! Brands, Inc. (NYSE:YUM) by 0.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,121 shares of the restaurant operator’s stock after selling 88 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Yum! Brands were worth $13,300,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp raised its stake in Yum! Brands by 4.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,355,367 shares of the restaurant operator’s stock valued at $315,996,000 after purchasing an additional 94,026 shares during the last quarter. Toronto Dominion Bank raised its position in shares of Yum! Brands by 15.5% in the third quarter. Toronto Dominion Bank now owns 127,446 shares of the restaurant operator’s stock valued at $17,805,000 after buying an additional 17,133 shares during the last quarter. Cantillon Capital Management LLC lifted its stake in shares of Yum! Brands by 31.7% in the fourth quarter. Cantillon Capital Management LLC now owns 1,880,379 shares of the restaurant operator’s stock worth $252,272,000 after buying an additional 452,339 shares in the last quarter. DJE Kapital AG acquired a new position in Yum! Brands during the fourth quarter worth about $3,306,000. Finally, Forsta AP Fonden grew its position in shares of Yum! Brands by 5.3% in the fourth quarter. Forsta AP Fonden now owns 110,500 shares of the restaurant operator’s stock valued at $14,825,000 after purchasing an additional 5,600 shares in the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Insider Activity

In other Yum! Brands news, VP David Eric Russell sold 5,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $158.66, for a total transaction of $793,300.00. Following the transaction, the vice president now directly owns 11,960 shares of the company’s stock, valued at approximately $1,897,573.60. This trade represents a 29.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David W. Gibbs sold 5,293 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $154.24, for a total value of $816,392.32. Following the completion of the transaction, the chief executive officer now owns 157,893 shares in the company, valued at $24,353,416.32. This trade represents a 3.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,132 shares of company stock worth $7,952,685. Corporate insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

YUM has been the subject of a number of recent research reports. Oppenheimer raised their target price on Yum! Brands from $154.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Wells Fargo & Company raised their price objective on shares of Yum! Brands from $145.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 5th. TD Cowen reissued a “hold” rating and issued a $140.00 price target on shares of Yum! Brands in a research note on Thursday, February 6th. TD Securities reaffirmed a “hold” rating and set a $164.00 price target on shares of Yum! Brands in a research report on Monday. Finally, Argus upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Tuesday, December 31st. Fifteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Yum! Brands currently has a consensus rating of “Hold” and a consensus price target of $151.79.

Yum! Brands Price Performance

Yum! Brands stock opened at $157.04 on Tuesday. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30. The stock has a market cap of $43.83 billion, a PE ratio of 30.08, a P/E/G ratio of 2.31 and a beta of 1.03. The stock’s fifty day moving average is $147.77 and its two-hundred day moving average is $138.85.

Yum! Brands Increases Dividend

The business 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 represents a $2.84 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Friday, February 21st. This is an increase from Yum! Brands’s previous quarterly dividend of $0.67. Yum! Brands’s payout ratio 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.