Yum! Brands, Inc. (NYSE:YUM) Holdings Reduced by Truist Financial Corp

Truist Financial Corp cut its stake in Yum! Brands, Inc. (NYSE:YUM) by 2.6% in the 4th quarter, HoldingsChannel reports. The fund owned 100,494 shares of the restaurant operator’s stock after selling 2,649 shares during the period. Truist Financial Corp’s holdings in Yum! Brands were worth $13,482,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in YUM. Allspring Global Investments Holdings LLC boosted its holdings in shares of Yum! Brands by 0.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 14,638 shares of the restaurant operator’s stock valued at $2,045,000 after acquiring an additional 105 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Yum! Brands by 6.5% in the third quarter. Private Advisor Group LLC now owns 18,079 shares of the restaurant operator’s stock valued at $2,526,000 after acquiring an additional 1,110 shares in the last quarter. Commerzbank Aktiengesellschaft FI bought a new position in shares of Yum! Brands in the third quarter valued at approximately $217,000. International Assets Investment Management LLC boosted its holdings in shares of Yum! Brands by 14,151.9% in the third quarter. International Assets Investment Management LLC now owns 148,220 shares of the restaurant operator’s stock valued at $20,708,000 after acquiring an additional 147,180 shares in the last quarter. Finally, Pinnacle West Asset Management Inc. bought a new position in shares of Yum! Brands in the third quarter valued at approximately $210,000. 82.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group raised their target price on shares of Yum! Brands from $156.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Redburn Atlantic cut shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. TD Securities raised their target price on shares of Yum! Brands from $140.00 to $151.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Loop Capital reduced their target price on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Finally, Morgan Stanley restated an “equal weight” rating and set a $140.00 target price (down from $158.00) on shares of Yum! Brands in a report on Tuesday, January 21st. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $147.37.

Yum! Brands Stock Up 1.9 %

Shares of NYSE:YUM opened at $151.08 on Friday. The firm has a fifty day moving average of $134.12 and a two-hundred day moving average of $134.93. The firm has a market capitalization of $42.16 billion, a P/E ratio of 28.94, a price-to-earnings-growth ratio of 2.25 and a beta of 1.10. Yum! Brands, Inc. has a 12-month low of $122.13 and a 12-month high of $151.29.

Yum! Brands Increases Dividend

The firm also recently declared 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. The ex-dividend date is Friday, February 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.88%. This is an increase from Yum! Brands’s previous quarterly dividend of $0.67. Yum! Brands’s dividend payout ratio (DPR) is currently 51.34%.

Insider Activity

In other news, CEO David W. Gibbs sold 3,815 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $137.06, for a total transaction of $522,883.90. Following the transaction, the chief executive officer now owns 149,385 shares in the company, valued at approximately $20,474,708.10. This trade represents a 2.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is owned by insiders.

Yum! Brands 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.