Yum! Brands, Inc. (NYSE:YUM) Shares Acquired by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC lifted its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 24.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,970 shares of the restaurant operator’s stock after purchasing an additional 789 shares during the period. Frank Rimerman Advisors LLC’s holdings in Yum! Brands were worth $533,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in YUM. Bank of New York Mellon Corp lifted its stake in shares of Yum! Brands by 4.2% during the fourth quarter. Bank of New York Mellon Corp now owns 2,355,367 shares of the restaurant operator’s stock worth $315,996,000 after purchasing an additional 94,026 shares in the last quarter. Toronto Dominion Bank lifted its stake 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 worth $17,805,000 after purchasing an additional 17,133 shares in the last quarter. Cantillon Capital Management LLC lifted its stake in shares of Yum! Brands by 31.7% during the fourth quarter. Cantillon Capital Management LLC now owns 1,880,379 shares of the restaurant operator’s stock worth $252,272,000 after purchasing an additional 452,339 shares in the last quarter. Forsta AP Fonden lifted its stake in shares of Yum! Brands by 5.3% during the fourth quarter. Forsta AP Fonden now owns 110,500 shares of the restaurant operator’s stock worth $14,825,000 after purchasing an additional 5,600 shares in the last quarter. Finally, DJE Kapital AG acquired a new position in shares of Yum! Brands during the fourth quarter worth about $3,306,000. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Yum! Brands Trading Up 1.1 %

NYSE:YUM opened at $155.09 on Monday. The firm has a market capitalization of $43.29 billion, a PE ratio of 29.71, a price-to-earnings-growth ratio of 2.31 and a beta of 1.03. The stock has a 50 day moving average of $141.01 and a 200-day moving average of $137.08. Yum! Brands, Inc. has a 52 week low of $122.13 and a 52 week high of $163.30.

Yum! Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a dividend of $0.71 per share. The ex-dividend date was Friday, February 21st. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.67. This represents a $2.84 annualized dividend and a dividend yield of 1.83%. Yum! Brands’s dividend payout ratio is 54.41%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. TD Cowen restated a “hold” rating and set a $140.00 price objective on shares of Yum! Brands in a research note on Thursday, February 6th. Sanford C. Bernstein lowered Yum! Brands from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $140.00 to $135.00 in a research report on Wednesday, January 22nd. Oppenheimer lifted their target price on Yum! Brands from $154.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Morgan Stanley lifted their target price on Yum! Brands from $146.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, TD Securities lifted their target price on Yum! Brands from $151.00 to $164.00 and gave the stock a “hold” rating in a research report on Wednesday, March 5th. Fifteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $150.95.

Insider Activity

In other news, CEO David W. Gibbs sold 30,604 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $159.46, for a total transaction of $4,880,113.84. Following the completion of the transaction, the chief executive officer now directly owns 160,296 shares in the company, valued at approximately $25,560,800.16. The trade was a 16.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP David Eric Russell sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $158.66, for a total value of $793,300.00. Following the transaction, the vice president now owns 11,960 shares of the company’s stock, valued at approximately $1,897,573.60. This represents a 29.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,839 shares of company stock valued at $7,136,292. 0.31% of the stock is currently owned by insiders.

Yum! Brands Profile

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.