Glenview Trust co Sells 413 Shares of Yum! Brands, Inc. (NYSE:YUM)

Glenview Trust co lessened its holdings in Yum! Brands, Inc. (NYSE:YUM) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,934 shares of the restaurant operator’s stock after selling 413 shares during the quarter. Glenview Trust co’s holdings in Yum! Brands were worth $2,540,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of YUM. Cantillon Capital Management LLC grew 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 buying an additional 452,339 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Yum! Brands during the 4th quarter worth $59,289,000. Los Angeles Capital Management LLC increased its holdings in Yum! Brands by 140.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 437,625 shares of the restaurant operator’s stock worth $58,712,000 after purchasing an additional 255,495 shares in the last quarter. Anchor Capital Advisors LLC bought a new position in Yum! Brands in the fourth quarter valued at about $30,098,000. Finally, Amundi boosted its stake in shares of Yum! Brands by 23.8% during the fourth quarter. Amundi now owns 749,895 shares of the restaurant operator’s stock valued at $95,792,000 after purchasing an additional 144,406 shares in the last quarter. Institutional investors own 82.37% of the company’s stock.

Insider Transactions at Yum! Brands

In related news, VP David Eric Russell sold 5,000 shares of the company’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 transaction of $793,300.00. Following the transaction, the vice president now directly owns 11,960 shares of the company’s stock, valued at approximately $1,897,573.60. This represents a 29.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Tracy L. Skeans sold 8,638 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $158.36, for a total value of $1,367,913.68. Following the completion of the sale, the chief operating officer now directly owns 2,970 shares of the company’s stock, valued at $470,329.20. This trade represents a 74.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,839 shares of company stock valued at $7,136,292 in the last 90 days. 0.31% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

YUM has been the subject of a number of research reports. Cowen reiterated a “hold” rating on shares of Yum! Brands in a report on Wednesday, March 5th. Wells Fargo & Company raised their price target on shares of Yum! Brands from $145.00 to $160.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 5th. Sanford C. Bernstein cut shares of Yum! Brands from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $140.00 to $135.00 in a research note on Wednesday, January 22nd. The Goldman Sachs Group raised their target price on Yum! Brands from $140.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Finally, Argus upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research report on Tuesday, December 31st. Fifteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Yum! Brands presently has a consensus rating of “Hold” and a consensus price target of $150.95.

Yum! Brands Stock Up 1.1 %

Yum! Brands stock opened at $155.09 on Monday. The company has a market capitalization of $43.29 billion, a PE ratio of 29.71, a PEG ratio of 2.31 and a beta of 1.03. Yum! Brands, Inc. has a 12-month low of $122.13 and a 12-month high of $163.30. The firm’s fifty day moving average is $141.01 and its 200 day moving average is $137.08.

Yum! Brands Increases Dividend

The business also recently disclosed 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 of this dividend was Friday, February 21st. This represents a $2.84 annualized dividend and a dividend yield of 1.83%. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.67. Yum! Brands’s dividend payout ratio is currently 54.41%.

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.