Valmark Advisers Inc. purchased a new stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,730 shares of the restaurant operator's stock, valued at approximately $232,000.
Other institutional investors also recently added to or reduced their stakes in the company. Safe Harbor Fiduciary LLC bought a new stake in Yum! Brands during the third quarter valued at about $29,000. Jackson Grant Investment Advisers Inc. boosted its position in Yum! Brands by 52.1% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 295 shares of the restaurant operator's stock valued at $40,000 after buying an additional 101 shares during the last quarter. Morse Asset Management Inc purchased a new stake in Yum! Brands in the third quarter valued at approximately $42,000. Global Wealth Strategies & Associates lifted its holdings in Yum! Brands by 649.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 367 shares of the restaurant operator's stock valued at $49,000 after acquiring an additional 318 shares during the period. Finally, Albion Financial Group UT lifted its holdings in Yum! Brands by 24.7% in the fourth quarter. Albion Financial Group UT now owns 566 shares of the restaurant operator's stock valued at $76,000 after acquiring an additional 112 shares during the period. Institutional investors own 82.37% of the company's stock.
Shares of YUM stock opened at $147.27 on Wednesday. The business's 50 day moving average is $133.49 and its two-hundred day moving average is $134.64. Yum! Brands, Inc. has a twelve month low of $122.13 and a twelve month high of $149.30. The company has a market capitalization of $41.10 billion, a P/E ratio of 28.21, a price-to-earnings-growth ratio of 2.36 and a beta of 1.10.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a $0.71 dividend. This is an increase from Yum! Brands's previous quarterly dividend of $0.67. This represents a $2.84 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Friday, February 21st. Yum! Brands's dividend payout ratio (DPR) is 51.34%.
In related news, CEO David W. Gibbs sold 3,815 shares of Yum! Brands stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $137.06, for a total value of $522,883.90. Following the sale, the chief executive officer now directly owns 149,385 shares in the company, valued at $20,474,708.10. The trade was a 2.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.31% of the company's stock.
Several research analysts have recently weighed in on the company. UBS Group upped their target price on Yum! Brands from $156.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Bank of America dropped their target price on Yum! Brands from $147.00 to $145.00 and set a "neutral" rating for the company in a report on Tuesday, October 22nd. TD Cowen reiterated a "hold" rating and set a $140.00 price target on shares of Yum! Brands in a report on Thursday, February 6th. Barclays increased their target price on Yum! Brands from $162.00 to $165.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Finally, Citigroup reaffirmed 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. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $147.37.
Get Our Latest Research Report on YUM
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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