Yum! Brands, Inc. (NYSE:YUM) Shares Purchased by Greenleaf Trust

Greenleaf Trust boosted its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 16.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,767 shares of the restaurant operator’s stock after buying an additional 1,509 shares during the period. Greenleaf Trust’s holdings in Yum! Brands were worth $1,445,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in YUM. Toronto Dominion Bank increased its holdings in shares of Yum! Brands by 15.5% in the 3rd quarter. Toronto Dominion Bank now owns 127,446 shares of the restaurant operator’s stock valued at $17,805,000 after acquiring an additional 17,133 shares during the period. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Yum! Brands in the third quarter valued at $1,262,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Yum! Brands by 3.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 689,631 shares of the restaurant operator’s stock valued at $96,348,000 after buying an additional 20,966 shares during the last quarter. Infusive Asset Management Inc. boosted its stake in shares of Yum! Brands by 15.1% during the third quarter. Infusive Asset Management Inc. now owns 43,419 shares of the restaurant operator’s stock worth $6,066,000 after buying an additional 5,684 shares during the period. Finally, RFG Advisory LLC grew its holdings in shares of Yum! Brands by 222.8% during the fourth quarter. RFG Advisory LLC now owns 7,146 shares of the restaurant operator’s stock worth $959,000 after buying an additional 4,932 shares during the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on YUM shares. Sanford C. Bernstein cut Yum! Brands from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $140.00 to $135.00 in a research report on Wednesday, January 22nd. TD Cowen reiterated a “hold” rating and issued a $145.00 price objective on shares of Yum! Brands in a research report on Wednesday, November 6th. Argus upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Tuesday, December 31st. Citigroup reaffirmed a “neutral” rating and issued a $141.00 target price (down previously from $153.00) on shares of Yum! Brands in a report on Friday, January 10th. Finally, Oppenheimer increased their price target on shares of Yum! Brands from $154.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $144.89.

Insider Buying and Selling

In related news, CEO David W. Gibbs sold 7,059 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $135.94, for a total transaction of $959,600.46. Following the transaction, the chief executive officer now directly owns 149,385 shares in the company, valued at approximately $20,307,396.90. This represents a 4.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.31% of the stock is owned by company insiders.

Yum! Brands Stock Performance

Yum! Brands stock opened at $131.58 on Tuesday. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $143.20. The stock has a fifty day moving average of $132.60 and a two-hundred day moving average of $133.61. The company has a market capitalization of $36.72 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 2.14 and a beta of 1.11.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the prior year, the business posted $1.44 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, analysts forecast that Yum! Brands, Inc. will post 5.46 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Monday, December 2nd. Yum! Brands’s payout ratio is 50.09%.

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.