L.M. Kohn & Company Decreases Stock Holdings in Yum! Brands, Inc. (NYSE:YUM)

L.M. Kohn & Company decreased its position in Yum! Brands, Inc. (NYSE:YUM) by 11.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,516 shares of the restaurant operator’s stock after selling 338 shares during the quarter. L.M. Kohn & Company’s holdings in Yum! Brands were worth $338,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Toronto Dominion Bank increased its position in shares of Yum! Brands by 15.5% during 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 period. OVERSEA CHINESE BANKING Corp Ltd bought a new position in Yum! Brands during the 3rd quarter valued at approximately $1,262,000. Forsta AP Fonden raised its stake in Yum! Brands by 5.3% during the fourth quarter. Forsta AP Fonden now owns 110,500 shares of the restaurant operator’s stock valued at $14,825,000 after buying an additional 5,600 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Yum! Brands by 3.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 689,631 shares of the restaurant operator’s stock worth $96,348,000 after acquiring an additional 20,966 shares in the last quarter. Finally, Infusive Asset Management Inc. grew its stake in shares of Yum! Brands by 15.1% in the third quarter. Infusive Asset Management Inc. now owns 43,419 shares of the restaurant operator’s stock worth $6,066,000 after acquiring an additional 5,684 shares during the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Insider Activity

In other news, CEO David W. Gibbs sold 3,815 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $137.06, for a total transaction of $522,883.90. Following the completion of the sale, the chief executive officer now owns 149,385 shares of the company’s stock, valued at $20,474,708.10. The trade was a 2.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.31% of the company’s stock.

Yum! Brands Price Performance

Shares of YUM stock opened at $147.80 on Monday. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $149.30. The firm has a fifty day moving average price of $133.32 and a 200-day moving average price of $134.53. The company has a market cap of $41.25 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 2.36 and a beta of 1.10.

Yum! Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be given a dividend of $0.71 per share. This is an increase from Yum! Brands’s previous quarterly dividend of $0.67. The ex-dividend date is Friday, February 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.92%. Yum! Brands’s payout ratio is presently 54.41%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on YUM. UBS Group lifted their price target on Yum! Brands from $156.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Citigroup reiterated a “neutral” rating and issued a $141.00 target price (down previously from $153.00) on shares of Yum! Brands in a research note on Friday, January 10th. Morgan Stanley reiterated an “equal weight” rating and set a $140.00 price target (down previously from $158.00) on shares of Yum! Brands in a report on Tuesday, January 21st. Loop Capital reduced their price target on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Finally, Argus raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $155.00 price target for the company in a research report on Tuesday, December 31st. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Yum! Brands currently has a consensus rating of “Hold” and a consensus target price of $147.37.

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.