Mindset Wealth Management LLC Takes Position in Yum! Brands, Inc. (NYSE:YUM)

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

A number of other institutional investors and hedge funds have also recently modified their holdings of YUM. Thrivent Financial for Lutherans increased its holdings in shares of Yum! Brands by 10.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 13,000 shares of the restaurant operator’s stock valued at $1,817,000 after acquiring an additional 1,234 shares during the period. Quest Partners LLC raised its position in Yum! Brands by 153.1% during the 3rd quarter. Quest Partners LLC now owns 4,016 shares of the restaurant operator’s stock worth $561,000 after buying an additional 2,429 shares during the last quarter. Prospera Financial Services Inc raised its position in Yum! Brands by 3.7% during the 3rd quarter. Prospera Financial Services Inc now owns 7,112 shares of the restaurant operator’s stock worth $994,000 after buying an additional 253 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of Yum! Brands by 3.6% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 5,214 shares of the restaurant operator’s stock valued at $728,000 after purchasing an additional 183 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Yum! Brands during the 3rd quarter valued at approximately $4,081,000. 82.37% of the stock is owned by institutional investors.

Insider Activity at Yum! Brands

In other news, VP David Eric Russell sold 5,000 shares of the company’s stock in a transaction on 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 owns 11,960 shares in the company, valued at $1,897,573.60. This represents a 29.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Tracy L. Skeans sold 8,638 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $158.36, for a total value of $1,367,913.68. Following the completion of the transaction, the chief operating officer now owns 2,970 shares of the company’s stock, valued at $470,329.20. This trade represents a 74.41 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,132 shares of company stock valued at $7,952,685. Corporate insiders own 0.31% of the company’s stock.

Yum! Brands Stock Performance

Shares of NYSE:YUM opened at $157.85 on Friday. The stock has a 50-day simple moving average of $143.32 and a 200-day simple moving average of $137.67. The stock has a market capitalization of $44.06 billion, a P/E ratio of 30.24, a PEG ratio of 2.31 and a beta of 1.03. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30.

Yum! Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a dividend of $0.71 per share. 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 1.80%. The ex-dividend date of this dividend was Friday, February 21st. Yum! Brands’s dividend payout ratio is currently 54.41%.

Analysts Set New Price Targets

YUM has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on shares of Yum! Brands from $145.00 to $160.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 5th. TD Cowen reaffirmed a “hold” rating and set a $140.00 target price on shares of Yum! Brands in a research note on Thursday, February 6th. Robert W. Baird boosted their price target on shares of Yum! Brands from $160.00 to $176.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Citigroup restated a “neutral” rating and issued a $141.00 price objective (down from $153.00) on shares of Yum! Brands in a report on Friday, January 10th. Finally, TD Securities boosted their price objective on shares of Yum! Brands from $151.00 to $164.00 and gave the company a “hold” rating in a report 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 MarketBeat, Yum! Brands has a consensus rating of “Hold” and a consensus price target of $151.79.

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.