Yum! Brands, Inc. (NYSE:YUM) Shares Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC grew its holdings in Yum! Brands, Inc. (NYSE:YUM) by 8.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,200 shares of the restaurant operator’s stock after buying an additional 857 shares during the period. Kingsview Wealth Management LLC’s holdings in Yum! Brands were worth $1,503,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of YUM. Anchor Investment Management LLC raised its holdings in 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. Occidental Asset Management LLC increased its holdings in shares of Yum! Brands by 2.5% in the third quarter. Occidental Asset Management LLC now owns 3,880 shares of the restaurant operator’s stock valued at $542,000 after purchasing an additional 96 shares during the last quarter. Graypoint LLC lifted its position in Yum! Brands by 1.7% during the fourth quarter. Graypoint LLC now owns 5,902 shares of the restaurant operator’s stock worth $792,000 after buying an additional 97 shares in the last quarter. Joel Isaacson & Co. LLC boosted its stake in Yum! Brands by 2.1% during the third quarter. Joel Isaacson & Co. LLC now owns 4,927 shares of the restaurant operator’s stock worth $688,000 after buying an additional 100 shares during the last quarter. Finally, Jackson Grant Investment Advisers Inc. grew its holdings in Yum! Brands by 52.1% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 295 shares of the restaurant operator’s stock valued at $40,000 after buying an additional 101 shares in the last quarter. 82.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Yum! Brands news, CEO David W. Gibbs sold 3,815 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $137.06, for a total transaction of $522,883.90. Following the sale, the chief executive officer now owns 149,385 shares in the company, valued at $20,474,708.10. This represents a 2.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. The Goldman Sachs Group lifted their price target on Yum! Brands from $140.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday. Citigroup reaffirmed a “neutral” rating and set a $141.00 target price (down from $153.00) on shares of Yum! Brands in a research note on Friday, January 10th. Bank of America dropped their price target on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Oppenheimer lifted their price target on shares of Yum! Brands from $154.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Finally, TD Cowen reiterated a “hold” rating and issued a $140.00 price objective on shares of Yum! Brands in a research report on Thursday, February 6th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Yum! Brands currently has an average rating of “Hold” and a consensus price target of $147.37.

Yum! Brands Stock Performance

Shares of YUM stock opened at $148.06 on Tuesday. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $148.19. The company has a 50 day moving average price of $132.37 and a 200 day moving average price of $133.93. The stock has a market capitalization of $41.32 billion, a P/E ratio of 28.36, a price-to-earnings-growth ratio of 2.36 and a beta of 1.10.

Yum! Brands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a $0.71 dividend. This is an increase from Yum! Brands’s previous quarterly dividend of $0.67. The ex-dividend date is Friday, February 21st. This represents a $2.84 annualized dividend and a dividend yield of 1.92%. Yum! Brands’s payout ratio is 51.34%.

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.