OVERSEA CHINESE BANKING Corp Ltd Boosts Stock Holdings in Yum! Brands, Inc. (NYSE:YUM)

OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 91.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,807 shares of the restaurant operator's stock after buying an additional 4,683 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Yum! Brands were worth $1,546,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Apollon Wealth Management LLC raised its stake in Yum! Brands by 5.0% in the 1st quarter. Apollon Wealth Management LLC now owns 8,123 shares of the restaurant operator's stock worth $1,278,000 after acquiring an additional 385 shares during the last quarter. Sigma Planning Corp raised its stake in Yum! Brands by 61.4% in the 1st quarter. Sigma Planning Corp now owns 2,447 shares of the restaurant operator's stock worth $385,000 after acquiring an additional 931 shares during the last quarter. Signaturefd LLC raised its stake in Yum! Brands by 4.3% in the 1st quarter. Signaturefd LLC now owns 7,045 shares of the restaurant operator's stock worth $1,109,000 after acquiring an additional 289 shares during the last quarter. Edgestream Partners L.P. purchased a new position in Yum! Brands in the 1st quarter worth $215,000. Finally, Secured Retirement Advisors LLC purchased a new position in Yum! Brands in the 1st quarter worth $1,443,000. Hedge funds and other institutional investors own 82.37% of the company's stock.

Yum! Brands Price Performance

Shares of YUM stock traded up $2.07 during trading on Thursday, hitting $148.21. 1,427,769 shares of the stock traded hands, compared to its average volume of 1,988,427. The firm has a market capitalization of $41.20 billion, a P/E ratio of 29.52, a price-to-earnings-growth ratio of 2.18 and a beta of 0.74. The firm's fifty day moving average price is $145.76 and its 200-day moving average price is $144.86. Yum! Brands, Inc. has a 52-week low of $122.13 and a 52-week high of $163.30.

Yum! Brands (NYSE:YUM - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $1.30 EPS for the quarter, beating the consensus estimate of $1.29 by $0.01. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.85 billion. Yum! Brands had a net margin of 18.42% and a negative return on equity of 20.80%. The business's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.15 EPS. As a group, equities research analysts expect that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Yum! Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Tuesday, May 27th were issued a $0.71 dividend. The ex-dividend date was Tuesday, May 27th. This represents a $2.84 annualized dividend and a yield of 1.92%. Yum! Brands's dividend payout ratio (DPR) is presently 56.57%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on YUM. Oppenheimer reaffirmed an "outperform" rating and set a $185.00 price target on shares of Yum! Brands in a research report on Monday, April 28th. TD Securities reaffirmed a "hold" rating and set a $158.00 price target on shares of Yum! Brands in a research report on Wednesday, April 30th. Evercore ISI increased their price target on Yum! Brands from $160.00 to $170.00 and gave the stock an "in-line" rating in a research report on Thursday, May 1st. Barclays raised their target price on Yum! Brands from $163.00 to $167.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Melius initiated coverage on Yum! Brands in a research report on Monday. They set a "buy" rating and a $200.00 target price on the stock. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $159.86.

Insider Activity at Yum! Brands

In related news, CEO David W. Gibbs sold 7,117 shares of Yum! Brands stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $146.60, for a total value of $1,043,352.20. Following the completion of the sale, the chief executive officer owned 102,893 shares in the company, valued at approximately $15,084,113.80. This trade represents a 6.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott Mezvinsky sold 272 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $148.28, for a total transaction of $40,332.16. Following the completion of the transaction, the chief executive officer owned 1,755 shares of the company's stock, valued at approximately $260,231.40. This trade represents a 13.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,720 shares of company stock valued at $2,150,965 in the last quarter. 0.33% of the stock is owned by insiders.

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.