Mindset Wealth Management LLC Makes New Investment in Yum! Brands, Inc. (NYSE:YUM)

Mindset Wealth Management LLC purchased a new position in shares of Yum! Brands, Inc. (NYSE:YUM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,900 shares of the restaurant operator’s stock, valued at approximately $2,670,000. Yum! Brands accounts for approximately 1.0% of Mindset Wealth Management LLC’s investment portfolio, making the stock its 6th biggest holding.

Several other institutional investors have also made changes to their positions in YUM. Kohmann Bosshard Financial Services LLC acquired a new stake in Yum! Brands in the fourth quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC acquired a new stake in Yum! Brands during the third quarter worth $29,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Yum! Brands during the fourth quarter worth $33,000. Jackson Grant Investment Advisers Inc. boosted its stake in Yum! Brands by 52.1% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 295 shares of the restaurant operator’s stock worth $40,000 after buying an additional 101 shares in the last quarter. Finally, Morse Asset Management Inc acquired a new stake in Yum! Brands during the third quarter worth $42,000. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on YUM shares. Sanford C. Bernstein downgraded shares of Yum! Brands from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $140.00 to $135.00 in a research note on Wednesday, January 22nd. Citigroup reiterated a “neutral” rating and set a $141.00 price target (down previously from $153.00) on shares of Yum! Brands in a research report on Friday, January 10th. Wells Fargo & Company upped their price target on shares of Yum! Brands from $145.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 5th. Morgan Stanley boosted their price objective on Yum! Brands from $146.00 to $150.00 and gave the stock an “equal weight” rating in a report on Thursday, March 13th. Finally, Cowen reaffirmed a “hold” rating on shares of Yum! Brands in a research note on Wednesday, March 5th. Fifteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $151.79.

Yum! Brands Stock Up 0.2 %

Shares of NYSE:YUM opened at $157.85 on Friday. The stock has a market cap of $44.06 billion, a price-to-earnings ratio of 30.24, a PEG 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. The business’s 50 day moving average is $143.32 and its 200 day moving average is $137.67.

Yum! Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a $0.71 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.84 annualized dividend and a yield of 1.80%. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.67. Yum! Brands’s dividend payout ratio (DPR) is 54.41%.

Insider Buying and Selling

In other news, CEO David W. Gibbs sold 30,604 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $159.46, for a total transaction of $4,880,113.84. Following the transaction, the chief executive officer now directly owns 160,296 shares of the company’s stock, valued at approximately $25,560,800.16. The trade was a 16.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Erika Burkhardt sold 597 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $159.07, for a total value of $94,964.79. Following the completion of the sale, the insider now directly owns 64 shares in the company, valued at approximately $10,180.48. The trade was a 90.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,132 shares of company stock valued at $7,952,685. 0.31% of the stock is owned by insiders.

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.