Yum! Brands, Inc. (NYSE:YUM) Stock Position Decreased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC decreased its position in Yum! Brands, Inc. (NYSE:YUM) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,110 shares of the restaurant operator’s stock after selling 157 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Yum! Brands were worth $954,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in YUM. Safe Harbor Fiduciary LLC acquired a new stake in Yum! Brands in the third quarter valued at approximately $29,000. Jackson Grant Investment Advisers Inc. raised its holdings in shares of Yum! Brands by 52.1% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 295 shares of the restaurant operator’s stock valued at $40,000 after purchasing an additional 101 shares in the last quarter. Morse Asset Management Inc acquired a new stake in shares of Yum! Brands in the 3rd quarter valued at $42,000. Global Wealth Strategies & Associates lifted its stake in shares of Yum! Brands by 649.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 367 shares of the restaurant operator’s stock valued at $49,000 after purchasing an additional 318 shares during the last quarter. Finally, Albion Financial Group UT boosted its holdings in Yum! Brands by 24.7% in the fourth quarter. Albion Financial Group UT now owns 566 shares of the restaurant operator’s stock worth $76,000 after purchasing an additional 112 shares in the last quarter. Institutional investors own 82.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Barclays boosted their price target on Yum! Brands from $162.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Redburn Atlantic lowered Yum! Brands from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. TD Cowen reiterated a “hold” rating and set a $140.00 price target on shares of Yum! Brands in a report on Thursday, February 6th. 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. Finally, Loop Capital lowered their target price on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $147.37.

Insider Activity at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 3,815 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $137.06, for a total value of $522,883.90. Following the sale, the chief executive officer now owns 149,385 shares of the company’s stock, valued at $20,474,708.10. The trade was a 2.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.31% of the stock is currently owned by corporate insiders.

Yum! Brands Stock Down 1.6 %

Shares of YUM opened at $148.51 on Friday. The stock’s 50-day moving average price is $134.35 and its 200 day moving average price is $135.03. The firm has a market capitalization of $41.45 billion, a price-to-earnings ratio of 28.45, a P/E/G ratio of 2.31 and a beta of 1.10. Yum! Brands, Inc. has a 12-month low of $122.13 and a 12-month high of $151.29.

Yum! Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is 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 1.91%. Yum! Brands’s payout ratio is currently 51.34%.

About Yum! Brands

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.