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

Transcend Capital Advisors LLC decreased its stake in Yum! Brands, Inc. (NYSE:YUM) by 48.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Safe Harbor Fiduciary LLC acquired a new stake in shares of Yum! Brands during the third quarter worth about $29,000. Jackson Grant Investment Advisers Inc. raised its position in Yum! Brands by 52.1% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 295 shares of the restaurant operator’s stock valued at $40,000 after buying an additional 101 shares during the last quarter. Morse Asset Management Inc acquired a new stake in Yum! Brands in the 3rd quarter valued at approximately $42,000. Global Wealth Strategies & Associates grew its stake in 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 grew its stake in 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. Institutional investors and hedge funds own 82.37% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on YUM. Deutsche Bank Aktiengesellschaft decreased their price target 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. Loop Capital decreased their price target on Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. The Goldman Sachs Group raised their price target on Yum! Brands from $140.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Redburn Atlantic downgraded Yum! Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Argus upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $155.00 target price for the company in a research note on Tuesday, December 31st. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $147.37.

Yum! Brands Trading Down 1.6 %

NYSE:YUM opened at $148.51 on Friday. The stock has a market cap of $41.45 billion, a P/E ratio of 28.45, a PEG ratio of 2.31 and a beta of 1.10. The stock has a 50 day simple moving average of $134.35 and a 200 day simple moving average of $135.03. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $151.29.

Yum! Brands Increases Dividend

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

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 3,815 shares of Yum! Brands stock in a transaction on Monday, December 16th. The stock was sold at an average price of $137.06, for a total value of $522,883.90. Following the completion of the transaction, the chief executive officer now directly owns 149,385 shares of the company’s stock, valued at $20,474,708.10. The trade was a 2.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.31% of the company’s stock.

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.