OLD Point Trust & Financial Services N A Acquires 70 Shares of Yum! Brands, Inc. (NYSE:YUM)

OLD Point Trust & Financial Services N A increased its stake in Yum! Brands, Inc. (NYSE:YUM) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,357 shares of the restaurant operator’s stock after purchasing an additional 70 shares during the quarter. OLD Point Trust & Financial Services N A’s holdings in Yum! Brands were worth $2,060,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of YUM. Geode Capital Management LLC raised its stake in shares of Yum! Brands by 1.5% in the third quarter. Geode Capital Management LLC now owns 7,441,170 shares of the restaurant operator’s stock worth $1,038,775,000 after buying an additional 111,147 shares during the period. Bank of New York Mellon Corp lifted its holdings in Yum! Brands by 4.2% during the fourth quarter. Bank of New York Mellon Corp now owns 2,355,367 shares of the restaurant operator’s stock valued at $315,996,000 after purchasing an additional 94,026 shares in the last quarter. Cantillon Capital Management LLC lifted its holdings in Yum! Brands by 31.7% during the fourth quarter. Cantillon Capital Management LLC now owns 1,880,379 shares of the restaurant operator’s stock valued at $252,272,000 after purchasing an additional 452,339 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Yum! Brands by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,677,290 shares of the restaurant operator’s stock worth $225,025,000 after purchasing an additional 44,428 shares during the period. Finally, Amundi raised its position in shares of Yum! Brands by 23.8% during the 4th quarter. Amundi now owns 749,895 shares of the restaurant operator’s stock valued at $95,792,000 after purchasing an additional 144,406 shares during the period. 82.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Yum! Brands news, VP David Eric Russell sold 5,000 shares of the business’s stock in a transaction dated 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 sale, the vice president now directly owns 11,960 shares of the company’s stock, valued at $1,897,573.60. The trade was a 29.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David W. Gibbs sold 30,604 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $159.46, for a total value 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 represents a 16.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,132 shares of company stock valued at $7,952,685 in the last ninety days. 0.31% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. UBS Group increased their price target on Yum! Brands from $156.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. TD Cowen reiterated a “hold” rating and set a $140.00 target price on shares of Yum! Brands in a research report on Thursday, February 6th. Argus raised Yum! Brands from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a report on Tuesday, December 31st. Citigroup reaffirmed a “neutral” rating and set a $141.00 price objective (down from $153.00) on shares of Yum! Brands in a report on Friday, January 10th. Finally, Wells Fargo & Company boosted their target price on shares of Yum! Brands from $145.00 to $160.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 5th. Fifteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $150.95.

Yum! Brands Stock Up 0.2 %

NYSE YUM opened at $157.58 on Thursday. Yum! Brands, Inc. has a 52 week low of $122.13 and a 52 week high of $163.30. The firm has a market capitalization of $43.98 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 2.31 and a beta of 1.03. The company has a fifty day moving average of $142.72 and a two-hundred day moving average of $137.53.

Yum! Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.80%. This is an increase from Yum! Brands’s previous quarterly dividend of $0.67. The ex-dividend date was Friday, February 21st. Yum! Brands’s dividend payout ratio is presently 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.