NewEdge Advisors LLC Has $2.06 Million Stock Position in Yum! Brands, Inc. (NYSE:YUM)

NewEdge Advisors LLC reduced its position in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 29.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,349 shares of the restaurant operator's stock after selling 6,450 shares during the period. NewEdge Advisors LLC's holdings in Yum! Brands were worth $2,059,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Operose Advisors LLC acquired a new stake in shares of Yum! Brands during the fourth quarter worth $47,000. Jump Financial LLC grew its stake in shares of Yum! Brands by 68.5% during the fourth quarter. Jump Financial LLC now owns 5,508 shares of the restaurant operator's stock worth $739,000 after purchasing an additional 2,239 shares during the period. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Yum! Brands during the fourth quarter worth $696,000. XTX Topco Ltd acquired a new stake in shares of Yum! Brands during the fourth quarter worth $3,912,000. Finally, Broyhill Asset Management acquired a new stake in shares of Yum! Brands during the fourth quarter worth $201,000. 82.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 30,604 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $159.46, for a total transaction of $4,880,113.84. Following the completion of the sale, the chief executive officer now owns 160,296 shares of the company's stock, valued at $25,560,800.16. This trade represents a 16.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Erika Burkhardt sold 597 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $159.07, for a total value of $94,964.79. Following the sale, the insider now directly owns 64 shares of the company's stock, valued at $10,180.48. This represents a 90.32 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,271 shares of company stock valued at $8,706,576. 0.33% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. UBS Group lifted their target price on Yum! Brands from $156.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Robert W. Baird reduced their target price on Yum! Brands from $176.00 to $174.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Wells Fargo & Company lifted their target price on Yum! Brands from $145.00 to $160.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 5th. Stifel Nicolaus lifted their target price on Yum! Brands from $130.00 to $148.00 and gave the stock a "hold" rating in a report on Friday, February 28th. Finally, Argus upgraded Yum! Brands from a "hold" rating to a "buy" rating and set a $155.00 target price on the stock in a report on Tuesday, December 31st. Sixteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $153.81.

Yum! Brands Stock Up 0.4 %

Shares of NYSE:YUM traded up $0.54 during midday trading on Monday, hitting $147.84. The stock had a trading volume of 2,218,780 shares, compared to its average volume of 2,024,884. Yum! Brands, Inc. has a 12 month low of $122.13 and a 12 month high of $163.30. The business's 50-day simple moving average is $151.95 and its 200-day simple moving average is $140.66. The company has a market cap of $41.26 billion, a P/E ratio of 28.32, a PEG ratio of 2.31 and a beta of 0.90.

Yum! Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a $0.71 dividend. The ex-dividend date was Friday, February 21st. This is a boost from Yum! Brands's previous quarterly dividend of $0.67. This represents a $2.84 annualized dividend and a dividend yield of 1.92%. Yum! Brands's dividend payout ratio (DPR) is currently 54.41%.

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.