Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado reduced its holdings in Yum! Brands, Inc. (NYSE:YUM) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,826 shares of the restaurant operator’s stock after selling 2,642 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Yum! Brands were worth $4,806,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in YUM. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Yum! Brands in the 4th quarter valued at $25,000. WealthTrak Capital Management LLC purchased a new stake in Yum! Brands during the fourth quarter worth $25,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Yum! Brands during the fourth quarter worth $33,000. Jackson Grant Investment Advisers Inc. boosted its holdings in Yum! Brands by 52.1% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 295 shares of the restaurant operator’s stock worth $40,000 after buying an additional 101 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new stake in Yum! Brands during the third quarter worth $42,000. 82.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on YUM shares. Guggenheim increased their price target on shares of Yum! Brands from $155.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, April 8th. Piper Sandler increased their price target on shares of Yum! Brands from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, April 3rd. The Goldman Sachs Group increased their price objective on shares of Yum! Brands from $140.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, February 7th. TD Cowen reaffirmed a “hold” rating and set a $140.00 price objective on shares of Yum! Brands in a report on Thursday, February 6th. Finally, Cowen reaffirmed a “hold” rating on shares of Yum! Brands in a report on Wednesday, March 5th. Sixteen analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Yum! Brands presently has a consensus rating of “Hold” and a consensus target price of $153.81.

Yum! Brands Stock Performance

Shares of Yum! Brands stock opened at $147.60 on Wednesday. The stock has a 50 day moving average of $151.88 and a 200 day moving average of $140.71. The firm has a market capitalization of $41.11 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 2.31 and a beta of 0.90. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $163.30.

Yum! Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a dividend of $0.71 per share. The ex-dividend date was Friday, February 21st. This is a boost from Yum! Brands’s previous quarterly dividend of $0.67. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.92%. Yum! Brands’s dividend payout ratio (DPR) is currently 54.41%.

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 5,139 shares of the firm’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $146.70, for a total value of $753,891.30. Following the sale, the chief executive officer now directly owns 157,893 shares in the company, valued at $23,162,903.10. This trade represents a 3.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 sale, the vice president now 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 55,271 shares of company stock valued at $8,706,576 over the last quarter. 0.33% of the stock is owned by company insiders.

Yum! Brands Company 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.