Pitcairn Co. Has $1.03 Million Holdings in Yum! Brands, Inc. (NYSE:YUM)

Pitcairn Co. decreased its holdings in Yum! Brands, Inc. (NYSE:YUM) by 1.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,657 shares of the restaurant operator’s stock after selling 121 shares during the period. Pitcairn Co.’s holdings in Yum! Brands were worth $1,027,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in YUM. Bank of New York Mellon Corp increased its position in Yum! Brands by 4.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,355,367 shares of the restaurant operator’s stock worth $315,996,000 after purchasing an additional 94,026 shares in the last quarter. Toronto Dominion Bank grew its holdings in Yum! Brands by 15.5% during the 3rd quarter. Toronto Dominion Bank now owns 127,446 shares of the restaurant operator’s stock worth $17,805,000 after acquiring an additional 17,133 shares during the period. Cantillon Capital Management LLC lifted its stake in Yum! Brands by 31.7% in the fourth quarter. Cantillon Capital Management LLC now owns 1,880,379 shares of the restaurant operator’s stock valued at $252,272,000 after buying an additional 452,339 shares during the period. DJE Kapital AG acquired a new position in shares of Yum! Brands during the 4th quarter valued at $3,306,000. Finally, Forsta AP Fonden boosted its position in shares of Yum! Brands by 5.3% during the 4th quarter. Forsta AP Fonden now owns 110,500 shares of the restaurant operator’s stock worth $14,825,000 after purchasing an additional 5,600 shares in the last quarter. Institutional investors own 82.37% of the company’s stock.

Insider Activity at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 5,293 shares of Yum! Brands stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $154.24, for a total transaction of $816,392.32. Following the completion of the sale, the chief executive officer now directly owns 157,893 shares in the company, valued at approximately $24,353,416.32. The trade was a 3.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 sale, the vice president now directly owns 11,960 shares in the company, valued at approximately $1,897,573.60. This trade represents a 29.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,132 shares of company stock valued at $7,952,685 in the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

YUM has been the subject of several recent research reports. Robert W. Baird boosted their target price on shares of Yum! Brands from $160.00 to $176.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. TD Securities reiterated a “hold” rating and issued a $164.00 target price on shares of Yum! Brands in a research note on Monday, March 31st. TD Cowen reaffirmed a “hold” rating and issued a $140.00 price target on shares of Yum! Brands in a report on Thursday, February 6th. Sanford C. Bernstein cut shares of Yum! Brands from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $140.00 to $135.00 in a research note on Wednesday, January 22nd. Finally, Piper Sandler upped their target price on Yum! Brands from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday. Sixteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Yum! Brands presently has a consensus rating of “Hold” and an average price target of $151.70.

Yum! Brands Stock Performance

NYSE YUM opened at $147.52 on Friday. The company’s 50-day simple moving average is $150.15 and its two-hundred day simple moving average is $139.41. Yum! Brands, Inc. has a one year low of $122.13 and a one year high of $163.30. The company has a market capitalization of $41.17 billion, a price-to-earnings ratio of 28.26, a price-to-earnings-growth ratio of 2.31 and a beta of 0.90.

Yum! Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a $0.71 dividend. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.67. This represents a $2.84 annualized dividend and a yield of 1.93%. The ex-dividend date was Friday, February 21st. Yum! Brands’s payout ratio is currently 54.41%.

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.