Raiffeisen Bank International AG Boosts Stake in Yum! Brands, Inc. (NYSE:YUM)

Key Points

• Raiffeisen Bank International AG increased its stake in Yum! Brands, Inc. by 152.5% during the first quarter, now holding 4,326 shares valued at approximately $674,000.
• Yum! Brands recently announced a quarterly dividend of $0.71 per share, equivalent to an annualized yield of 1.9%.
• Thirteen research analysts rated Yum! Brands with a hold rating, while ten analysts issued a buy rating, with a consensus price target of $159.95.

Raiffeisen Bank International AG lifted its holdings in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 152.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,326 shares of the restaurant operator's stock after buying an additional 2,613 shares during the quarter. Raiffeisen Bank International AG's holdings in Yum! Brands were worth $674,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Yum! Brands by 151.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 156,690 shares of the restaurant operator's stock valued at $24,657,000 after buying an additional 94,355 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Yum! Brands in the first quarter valued at approximately $270,000. Sowell Financial Services LLC purchased a new stake in Yum! Brands during the first quarter worth $939,000. First National Bank Sioux Falls purchased a new stake in Yum! Brands during the first quarter worth $283,000. Finally, Principal Financial Group Inc. boosted its position in Yum! Brands by 1.9% during the first quarter. Principal Financial Group Inc. now owns 353,103 shares of the restaurant operator's stock worth $55,564,000 after purchasing an additional 6,673 shares in the last quarter. 82.37% of the stock is currently owned by hedge funds and other institutional investors.

Yum! Brands Stock Performance

YUM stock opened at $147.34 on Tuesday. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30. The firm has a market cap of $40.95 billion, a P/E ratio of 29.35, a price-to-earnings-growth ratio of 2.11 and a beta of 0.73. The stock has a 50-day simple moving average of $145.69 and a 200-day simple moving average of $146.70.

Yum! Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Tuesday, May 27th were paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Tuesday, May 27th. Yum! Brands's dividend payout ratio (DPR) is 56.57%.

Insider Buying and Selling

In other Yum! Brands news, CEO Scott Mezvinsky sold 272 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 1,755 shares of the company's stock, valued at $260,231.40. This trade represents a 13.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David W. Gibbs sold 7,117 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $146.60, for a total value of $1,043,352.20. Following the transaction, the chief executive officer directly owned 102,893 shares in the company, valued at approximately $15,084,113.80. This represents a 6.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,720 shares of company stock valued at $2,150,965. 0.33% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on YUM. Guggenheim boosted their target price on Yum! Brands from $165.00 to $167.00 and gave the stock a "buy" rating in a research report on Monday. Melius began coverage on Yum! Brands in a research report on Monday, July 14th. They set a "buy" rating and a $200.00 target price on the stock. Morgan Stanley boosted their target price on Yum! Brands from $151.00 to $153.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Evercore ISI boosted their target price 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. Finally, Citigroup boosted their target price on Yum! Brands from $148.00 to $151.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Yum! Brands currently has an average rating of "Hold" and a consensus price target of $159.95.

Yum! Brands 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.

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