Cullinan Associates Inc. Has $6.22 Million Holdings in Yum! Brands, Inc. (NYSE:YUM)

Cullinan Associates Inc. trimmed its stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 19.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,596 shares of the restaurant operator's stock after selling 11,510 shares during the period. Cullinan Associates Inc.'s holdings in Yum! Brands were worth $6,219,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of YUM. Fortitude Family Office LLC bought a new stake in Yum! Brands during the 4th quarter worth about $27,000. Rise Advisors LLC lifted its holdings in Yum! Brands by 1,190.5% in the third quarter. Rise Advisors LLC now owns 271 shares of the restaurant operator's stock valued at $34,000 after buying an additional 250 shares during the period. Bruce G. Allen Investments LLC bought a new position in Yum! Brands in the fourth quarter valued at approximately $34,000. Clear Street Markets LLC grew its holdings in Yum! Brands by 28,400.0% during the 4th quarter. Clear Street Markets LLC now owns 285 shares of the restaurant operator's stock worth $37,000 after acquiring an additional 284 shares during the period. Finally, Legacy Financial Group LLC bought a new stake in shares of Yum! Brands during the 3rd quarter valued at $40,000. 82.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Royal Bank of Canada reduced their price target on Yum! Brands from $145.00 to $141.00 and set a "sector perform" rating on the stock in a research report on Friday, February 9th. Barclays reduced their target price on Yum! Brands from $146.00 to $144.00 and set an "overweight" rating on the stock in a report on Thursday, February 8th. TD Cowen upped their price target on Yum! Brands from $144.00 to $160.00 and gave the company an "outperform" rating in a research note on Thursday, March 7th. Guggenheim lifted their price objective on shares of Yum! Brands from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Thursday, March 7th. Finally, Citigroup upped their target price on shares of Yum! Brands from $164.00 to $166.00 and gave the company a "buy" rating in a research note on Thursday, February 8th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $145.00.

Yum! Brands Stock Performance

NYSE YUM traded down $0.15 on Friday, reaching $136.13. The company had a trading volume of 1,735,600 shares, compared to its average volume of 1,949,241. The company's fifty day moving average is $135.43 and its 200-day moving average is $129.23. The firm has a market capitalization of $38.30 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10. Yum! Brands, Inc. has a 1-year low of $115.53 and a 1-year high of $143.24.

Yum! Brands (NYSE:YUM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.13). Yum! Brands had a negative return on equity of 17.76% and a net margin of 22.57%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period in the prior year, the company earned $1.31 earnings per share. The firm's quarterly revenue was up .8% on a year-over-year basis. On average, research analysts forecast that Yum! Brands, Inc. will post 5.72 earnings per share for the current year.

Yum! Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Wednesday, February 21st were issued a $0.67 dividend. The ex-dividend date was Tuesday, February 20th. This is an increase from Yum! Brands's previous quarterly dividend of $0.61. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.97%. Yum! Brands's dividend payout ratio (DPR) is 47.94%.

Insider Transactions at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 3,756 shares of the business's stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $129.21, for a total transaction of $485,312.76. Following the sale, the chief executive officer now directly owns 57,325 shares of the company's stock, valued at approximately $7,406,963.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Yum! Brands news, CEO David W. Gibbs sold 3,756 shares of the business's stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $129.21, for a total transaction of $485,312.76. Following the transaction, the chief executive officer now owns 57,325 shares of the company's stock, valued at approximately $7,406,963.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David W. Gibbs sold 7,067 shares of the company's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $136.34, for a total value of $963,514.78. Following the sale, the chief executive officer now owns 175,377 shares in the company, valued at approximately $23,910,900.18. The disclosure for this sale can be found here. Insiders have sold a total of 20,742 shares of company stock valued at $2,734,628 over the last 90 days. 0.31% of the stock is owned by corporate insiders.

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.

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