Corient Private Wealth LLC Trims Position in Yum! Brands, Inc. (NYSE:YUM)

Corient Private Wealth LLC trimmed its holdings in Yum! Brands, Inc. (NYSE:YUM) by 7.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 194,584 shares of the restaurant operator’s stock after selling 14,789 shares during the period. Corient Private Wealth LLC owned 0.07% of Yum! Brands worth $26,106,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in YUM. Cantillon Capital Management LLC raised its holdings in shares of Yum! Brands by 31.7% in 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 buying an additional 452,339 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Yum! Brands in the fourth quarter valued at about $59,289,000. Los Angeles Capital Management LLC raised its holdings in shares of Yum! Brands by 140.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 437,625 shares of the restaurant operator’s stock valued at $58,712,000 after buying an additional 255,495 shares during the last quarter. Anchor Capital Advisors LLC purchased a new stake in shares of Yum! Brands in the fourth quarter valued at about $30,098,000. Finally, Amundi raised its holdings in shares of Yum! Brands by 23.8% in the fourth quarter. Amundi now owns 749,895 shares of the restaurant operator’s stock valued at $95,792,000 after buying an additional 144,406 shares during the last quarter. 82.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Tracy L. Skeans sold 8,638 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $158.36, for a total transaction of $1,367,913.68. Following the sale, the chief operating officer now owns 2,970 shares in the company, valued at approximately $470,329.20. This trade represents a 74.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David Eric Russell sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $158.66, for a total transaction of $793,300.00. Following the sale, the vice president now owns 11,960 shares in the company, valued at approximately $1,897,573.60. This trade represents a 29.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,132 shares of company stock worth $7,952,685 over the last ninety days. 0.31% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Barclays increased their price target on shares of Yum! Brands from $162.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Sanford C. Bernstein cut shares of Yum! Brands from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $140.00 to $135.00 in a report on Wednesday, January 22nd. TD Cowen reissued a “hold” rating and set a $140.00 price target on shares of Yum! Brands in a report on Thursday, February 6th. Stifel Nicolaus increased their price target on shares of Yum! Brands from $130.00 to $148.00 and gave the stock a “hold” rating in a report on Friday, February 28th. Finally, Wells Fargo & Company increased their price target 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 investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Yum! Brands has a consensus rating of “Hold” and a consensus price target of $150.95.

Yum! Brands Price Performance

YUM stock opened at $157.13 on Wednesday. The company’s 50 day simple moving average is $142.12 and its 200-day simple moving average is $137.39. The firm has a market capitalization of $43.85 billion, a PE ratio of 30.10, a P/E/G ratio of 2.31 and a beta of 1.03. Yum! Brands, Inc. has a 12 month low of $122.13 and a 12 month high of $163.30.

Yum! Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were given a $0.71 dividend. 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 1.81%. Yum! Brands’s dividend payout ratio is currently 54.41%.

Yum! Brands 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.