OVERSEA CHINESE BANKING Corp Ltd Sells 4,016 Shares of Yum! Brands, Inc. (NYSE:YUM)

OVERSEA CHINESE BANKING Corp Ltd decreased its position in Yum! Brands, Inc. (NYSE:YUM) by 43.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,124 shares of the restaurant operator’s stock after selling 4,016 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Yum! Brands were worth $693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of YUM. HBK Sorce Advisory LLC lifted its holdings in shares of Yum! Brands by 2.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 2,664 shares of the restaurant operator’s stock worth $357,000 after acquiring an additional 69 shares during the last quarter. Investment Partners LTD. lifted its stake in Yum! Brands by 2.3% in the fourth quarter. Investment Partners LTD. now owns 3,231 shares of the restaurant operator’s stock worth $433,000 after purchasing an additional 72 shares during the last quarter. Bahl & Gaynor Inc. boosted its position in Yum! Brands by 5.0% during the fourth quarter. Bahl & Gaynor Inc. now owns 1,575 shares of the restaurant operator’s stock valued at $211,000 after buying an additional 75 shares during the period. Gladstone Institutional Advisory LLC increased its holdings in shares of Yum! Brands by 3.9% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 2,165 shares of the restaurant operator’s stock worth $290,000 after buying an additional 82 shares during the period. Finally, Anchor Investment Management LLC lifted its stake in shares of Yum! Brands by 7.4% in the 3rd quarter. Anchor Investment Management LLC now owns 1,329 shares of the restaurant operator’s stock valued at $186,000 after acquiring an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Analyst Ratings Changes

YUM has been the topic of several recent research reports. TD Securities raised their price target on Yum! Brands from $151.00 to $164.00 and gave the stock a “hold” rating in a research report on Wednesday, March 5th. UBS Group lifted their target price on shares of Yum! Brands from $156.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Morgan Stanley increased their price target on shares of Yum! Brands from $146.00 to $150.00 and gave the company an “equal weight” rating in a research report on Thursday, March 13th. TD Cowen restated a “hold” rating and issued a $140.00 price objective on shares of Yum! Brands in a research report on Thursday, February 6th. Finally, Robert W. Baird increased their target price on shares of Yum! Brands from $160.00 to $176.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Fifteen 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, the stock presently has a consensus rating of “Hold” and an average price target of $150.95.

Insider Transactions at Yum! Brands

In other Yum! Brands news, VP David Eric Russell sold 5,000 shares of the business’s stock in a transaction 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 sale, the vice president now directly owns 11,960 shares of the company’s stock, valued at approximately $1,897,573.60. The trade was a 29.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David W. Gibbs sold 5,293 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $154.24, for a total value of $816,392.32. Following the transaction, the chief executive officer now owns 157,893 shares of the company’s stock, valued at $24,353,416.32. The trade was a 3.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,132 shares of company stock valued at $7,952,685 in the last ninety days. 0.31% of the stock is currently owned by corporate insiders.

Yum! Brands Price Performance

Shares of Yum! Brands stock opened at $157.58 on Thursday. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30. The company has a 50-day moving average of $142.72 and a 200 day moving average of $137.53. The firm has a market cap of $43.98 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 2.31 and a beta of 1.03.

Yum! Brands Increases Dividend

The firm 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. This represents a $2.84 annualized dividend and a dividend yield of 1.80%. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.67. The ex-dividend date was Friday, February 21st. Yum! Brands’s dividend payout ratio (DPR) is presently 54.41%.

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.