Transcend Capital Advisors LLC Has $547,000 Holdings in Yum! Brands, Inc. (NYSE:YUM)

Transcend Capital Advisors LLC cut its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 48.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,077 shares of the restaurant operator’s stock after selling 3,891 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Yum! Brands were worth $547,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Safe Harbor Fiduciary LLC acquired a new position in shares of Yum! Brands in the third quarter valued at $29,000. Jackson Grant Investment Advisers Inc. raised its stake in shares of Yum! Brands by 52.1% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 295 shares of the restaurant operator’s stock valued at $40,000 after purchasing an additional 101 shares in the last quarter. Morse Asset Management Inc acquired a new position in shares of Yum! Brands in the third quarter valued at $42,000. Global Wealth Strategies & Associates raised its stake in shares of Yum! Brands by 649.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 367 shares of the restaurant operator’s stock valued at $49,000 after purchasing an additional 318 shares in the last quarter. Finally, Albion Financial Group UT raised its stake in shares of Yum! Brands by 24.7% in the fourth quarter. Albion Financial Group UT now owns 566 shares of the restaurant operator’s stock valued at $76,000 after purchasing an additional 112 shares in the last quarter. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

YUM has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut their target price on Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. TD Cowen restated a “hold” rating and issued a $140.00 target price on shares of Yum! Brands in a research note on Thursday, February 6th. Barclays upped their price target on Yum! Brands from $162.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. TD Securities upped their price target on Yum! Brands from $140.00 to $151.00 and gave the company a “hold” rating in a research report on Friday, February 7th. Finally, Oppenheimer upped their price target on Yum! Brands from $154.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Yum! Brands has a consensus rating of “Hold” and a consensus price target of $147.37.

Insider Activity at Yum! Brands

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

Yum! Brands Stock Performance

Shares of YUM stock opened at $148.51 on Friday. The stock’s fifty day moving average is $134.35 and its 200-day moving average is $135.03. The stock has a market capitalization of $41.45 billion, a PE ratio of 28.45, a PEG ratio of 2.31 and a beta of 1.10. Yum! Brands, Inc. has a 52 week low of $122.13 and a 52 week high of $151.29.

Yum! Brands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Friday, February 21st. This is a boost from Yum! Brands’s previous quarterly dividend of $0.67. Yum! Brands’s dividend payout ratio is presently 51.34%.

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.