BI Asset Management Fondsmaeglerselskab A S Purchases 4,903 Shares of Yum! Brands, Inc. (NYSE:YUM)

BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 92.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,219 shares of the restaurant operator's stock after purchasing an additional 4,903 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Yum! Brands were worth $1,371,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Capital International Inc. CA boosted its stake in Yum! Brands by 17.1% in the fourth quarter. Capital International Inc. CA now owns 316,123 shares of the restaurant operator's stock valued at $42,411,000 after acquiring an additional 46,149 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Yum! Brands by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 944,749 shares of the restaurant operator's stock worth $126,746,000 after purchasing an additional 19,210 shares during the last quarter. Capital International Sarl grew its stake in shares of Yum! Brands by 4.9% during the fourth quarter. Capital International Sarl now owns 119,231 shares of the restaurant operator's stock worth $15,996,000 after purchasing an additional 5,583 shares during the period. MSH Capital Advisors LLC bought a new stake in Yum! Brands in the fourth quarter valued at about $413,000. Finally, Operose Advisors LLC acquired a new position in Yum! Brands in the fourth quarter valued at about $47,000. Institutional investors own 82.37% of the company's stock.

Insider Activity

In other news, COO Tracy L. Skeans sold 8,638 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $158.36, for a total value of $1,367,913.68. Following the transaction, the chief operating officer now owns 2,970 shares of the company's stock, valued at approximately $470,329.20. This represents a 74.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David Eric Russell sold 5,000 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $158.66, for a total value of $793,300.00. Following the completion of the transaction, the vice president now directly owns 11,960 shares in the company, valued at approximately $1,897,573.60. This represents a 29.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,271 shares of company stock valued at $8,706,576. 0.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on YUM. Stifel Nicolaus increased their price target on shares of Yum! Brands from $130.00 to $148.00 and gave the company a "hold" rating in a research report on Friday, February 28th. Piper Sandler upped their price objective on shares of Yum! Brands from $140.00 to $150.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. Cowen reiterated a "hold" rating on shares of Yum! Brands in a report on Wednesday, March 5th. TD Cowen restated a "hold" rating and issued a $140.00 price target on shares of Yum! Brands in a report on Thursday, February 6th. Finally, Guggenheim lifted their price objective on Yum! Brands from $155.00 to $165.00 and gave the company a "buy" rating in a report on Tuesday, April 8th. Sixteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Yum! Brands currently has an average rating of "Hold" and an average target price of $153.81.

Yum! Brands Stock Up 0.2 %

Shares of NYSE:YUM traded up $0.28 during midday trading on Monday, hitting $147.58. The stock had a trading volume of 441,978 shares, compared to its average volume of 2,018,013. The company has a market cap of $41.19 billion, a P/E ratio of 28.29, a PEG ratio of 2.31 and a beta of 0.90. 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 $151.96 and its 200-day simple moving average is $140.57.

Yum! Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a dividend of $0.71 per share. The ex-dividend date was Friday, February 21st. This is a positive change 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 payout ratio is currently 54.41%.

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.