Mill Capital Management LLC Has $2.31 Million Position in Yum! Brands, Inc. (NYSE:YUM)

Mill Capital Management LLC lowered its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 8.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,196 shares of the restaurant operator’s stock after selling 1,502 shares during the quarter. Mill Capital Management LLC’s holdings in Yum! Brands were worth $2,307,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in YUM. Cantillon Capital Management LLC grew its position 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 worth $252,272,000 after buying an additional 452,339 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Yum! Brands in the 4th quarter valued at $59,289,000. Los Angeles Capital Management LLC boosted its holdings in shares of Yum! Brands by 140.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 437,625 shares of the restaurant operator’s stock valued at $58,712,000 after purchasing an additional 255,495 shares in the last quarter. Anchor Capital Advisors LLC acquired a new stake in shares of Yum! Brands in the 4th quarter valued at $30,098,000. Finally, Amundi boosted its holdings in shares of Yum! Brands by 23.8% in 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 in the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Yum! Brands Trading Down 0.7 %

YUM stock opened at $156.75 on Monday. The stock has a 50-day moving average price of $143.99 and a 200-day moving average price of $137.88. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30. The firm has a market cap of $43.75 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 2.31 and a beta of 1.03.

Yum! Brands Increases Dividend

The firm also recently disclosed 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 (DPR) is 54.41%.

Analyst Upgrades and Downgrades

YUM has been the topic of a number of research analyst reports. Robert W. Baird raised their target price on Yum! Brands from $160.00 to $176.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. 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. JPMorgan Chase & Co. raised their target price on Yum! Brands from $138.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday. Oppenheimer raised their target price on Yum! Brands from $154.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, Sanford C. Bernstein cut Yum! Brands from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $140.00 to $135.00 in a research note on Wednesday, January 22nd. Fifteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $151.79.

Insider Transactions at Yum! Brands

In other news, VP David Eric Russell sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was 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 in the company, valued at $1,897,573.60. This trade represents a 29.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Erika Burkhardt sold 597 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were 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 owns 64 shares of the company’s stock, valued at approximately $10,180.48. This represents a 90.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,132 shares of company stock valued at $7,952,685. Corporate insiders own 0.31% of the company’s stock.

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.