Atria Wealth Solutions Inc. Trims Stock Position in Yum! Brands, Inc. (NYSE:YUM)

Atria Wealth Solutions Inc. lessened its stake in Yum! Brands, Inc. (NYSE:YUM) by 34.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,513 shares of the restaurant operator’s stock after selling 5,623 shares during the period. Atria Wealth Solutions Inc.’s holdings in Yum! Brands were worth $1,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in YUM. Toronto Dominion Bank boosted its stake in Yum! Brands by 15.5% during the 3rd quarter. Toronto Dominion Bank now owns 127,446 shares of the restaurant operator’s stock worth $17,805,000 after purchasing an additional 17,133 shares during the period. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of Yum! Brands in the third quarter valued at about $1,262,000. Forsta AP Fonden boosted its stake in shares of Yum! Brands by 5.3% during the fourth quarter. Forsta AP Fonden now owns 110,500 shares of the restaurant operator’s stock worth $14,825,000 after buying an additional 5,600 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Yum! Brands by 3.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 689,631 shares of the restaurant operator’s stock worth $96,348,000 after buying an additional 20,966 shares during the last quarter. Finally, Infusive Asset Management Inc. increased its position in Yum! Brands by 15.1% in the 3rd quarter. Infusive Asset Management Inc. now owns 43,419 shares of the restaurant operator’s stock valued at $6,066,000 after acquiring an additional 5,684 shares during the period. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Yum! Brands Stock Performance

YUM opened at $148.51 on Monday. The company has a market cap of $41.45 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 2.31 and a beta of 1.10. Yum! Brands, Inc. has a one year low of $122.13 and a one year high of $151.29. The business’s fifty day moving average is $134.35 and its two-hundred day moving average is $135.02.

Yum! Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be given a $0.71 dividend. The ex-dividend date is 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 1.91%. Yum! Brands’s payout ratio is currently 51.34%.

Insider Activity at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 3,815 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $137.06, for a total value of $522,883.90. Following the sale, the chief executive officer now owns 149,385 shares of the company’s stock, valued at $20,474,708.10. This represents a 2.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on YUM shares. Barclays lifted their target price on Yum! Brands from $162.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. TD Securities lifted their price objective on shares of Yum! Brands from $140.00 to $151.00 and gave the company a “hold” rating in a research report on Friday, February 7th. Redburn Atlantic downgraded shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Sanford C. Bernstein downgraded shares of Yum! Brands from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $140.00 to $135.00 in a report on Wednesday, January 22nd. Finally, UBS Group boosted their price target on shares of Yum! Brands from $156.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Yum! Brands presently has a consensus rating of “Hold” and a consensus price target of $147.37.

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.