SVB Wealth LLC Has $1.44 Million Stock Position in Yum! Brands, Inc. (NYSE:YUM)

SVB Wealth LLC raised its holdings in Yum! Brands, Inc. (NYSE:YUM) by 8.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,019 shares of the restaurant operator’s stock after buying an additional 823 shares during the quarter. SVB Wealth LLC’s holdings in Yum! Brands were worth $1,440,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in YUM. Capital Analysts LLC lifted its position in shares of Yum! Brands by 59.8% in the 4th quarter. Capital Analysts LLC now owns 1,104 shares of the restaurant operator’s stock worth $145,000 after acquiring an additional 413 shares during the period. Mackenzie Financial Corp lifted its position in shares of Yum! Brands by 53.4% in the 4th quarter. Mackenzie Financial Corp now owns 57,997 shares of the restaurant operator’s stock worth $7,578,000 after acquiring an additional 20,193 shares during the period. Cullen Investment Group LTD. bought a new stake in shares of Yum! Brands in the 4th quarter worth approximately $297,000. Louisiana State Employees Retirement System bought a new stake in shares of Yum! Brands in the 4th quarter worth approximately $2,208,000. Finally, Koshinski Asset Management Inc. lifted its position in shares of Yum! Brands by 17.6% in the 4th quarter. Koshinski Asset Management Inc. now owns 3,940 shares of the restaurant operator’s stock worth $515,000 after acquiring an additional 590 shares during the period. Institutional investors and hedge funds own 82.37% of the company’s stock.

Yum! Brands Price Performance

YUM stock opened at $137.84 on Friday. The business has a fifty day moving average price of $137.06 and a 200 day moving average price of $130.08. Yum! Brands, Inc. has a fifty-two week low of $115.53 and a fifty-two week high of $143.24. The stock has a market capitalization of $38.80 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 2.18 and a beta of 1.10.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Wednesday, February 7th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.13). The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.11 billion. Yum! Brands had a net margin of 22.57% and a negative return on equity of 17.76%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the business earned $1.31 earnings per share. On average, equities analysts expect that Yum! Brands, Inc. will post 5.73 earnings per share for the current fiscal year.

Yum! Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Wednesday, February 21st were paid a $0.67 dividend. This is a boost from Yum! Brands’s previous quarterly dividend of $0.61. This represents a $2.68 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Tuesday, February 20th. Yum! Brands’s dividend payout ratio (DPR) is 47.94%.

Insider Activity

In other news, CEO David W. Gibbs sold 7,078 shares of Yum! Brands stock in a transaction on Monday, April 15th. The stock was sold at an average price of $138.37, for a total value of $979,382.86. Following the completion of the sale, the chief executive officer now directly owns 172,128 shares of the company’s stock, valued at approximately $23,817,351.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP David Eric Russell sold 9,919 shares of Yum! Brands stock in a transaction on Friday, February 9th. The stock was sold at an average price of $129.63, for a total transaction of $1,285,799.97. Following the completion of the sale, the vice president now directly owns 18,661 shares of the company’s stock, valued at $2,419,025.43. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David W. Gibbs sold 7,078 shares of Yum! Brands stock in a transaction on Monday, April 15th. The stock was sold at an average price of $138.37, for a total value of $979,382.86. Following the sale, the chief executive officer now directly owns 172,128 shares of the company’s stock, valued at $23,817,351.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,064 shares of company stock valued at $3,228,698. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

YUM has been the subject of a number of research reports. Royal Bank of Canada reduced their price objective on Yum! Brands from $145.00 to $141.00 and set a “sector perform” rating for the company in a research report on Friday, February 9th. Guggenheim raised their target price on Yum! Brands from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Barclays cut their target price on Yum! Brands from $146.00 to $144.00 and set an “overweight” rating for the company in a research report on Thursday, February 8th. TD Cowen restated a “buy” rating and set a $160.00 target price on shares of Yum! Brands in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. raised their target price on Yum! Brands from $133.00 to $134.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $145.00.

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.