Glenview Trust co Cuts Stock Holdings in Yum! Brands, Inc. (NYSE:YUM)

Glenview Trust co reduced its stake in Yum! Brands, Inc. (NYSE:YUM) by 2.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 18,934 shares of the restaurant operator’s stock after selling 413 shares during the quarter. Glenview Trust co’s holdings in Yum! Brands were worth $2,540,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Bank of New York Mellon Corp raised its holdings in shares of Yum! Brands by 4.2% in the fourth quarter. Bank of New York Mellon Corp now owns 2,355,367 shares of the restaurant operator’s stock valued at $315,996,000 after purchasing an additional 94,026 shares during the last quarter. Toronto Dominion Bank grew its position in Yum! Brands by 15.5% in the 3rd quarter. Toronto Dominion Bank now owns 127,446 shares of the restaurant operator’s stock worth $17,805,000 after purchasing an additional 17,133 shares in the last quarter. Cantillon Capital Management LLC increased its stake in Yum! Brands by 31.7% in the 4th 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 last quarter. Forsta AP Fonden lifted 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 buying an additional 5,600 shares in the last quarter. Finally, DJE Kapital AG purchased a new position in shares of Yum! Brands in the 4th quarter worth approximately $3,306,000. 82.37% of the stock is currently owned by institutional investors.

Insider Activity

In other news, 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 transaction, the chief operating officer now owns 2,970 shares of the company’s stock, valued at $470,329.20. This represents a 74.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Erika Burkhardt sold 597 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $159.07, for a total transaction of $94,964.79. Following the sale, the insider now owns 64 shares in the company, valued at approximately $10,180.48. This trade represents a 90.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,839 shares of company stock worth $7,136,292 in the last three months. Corporate insiders own 0.31% of the company’s stock.

Yum! Brands Trading Up 1.1 %

Shares of Yum! Brands stock opened at $155.09 on Monday. The company’s 50-day moving average price is $141.01 and its 200-day moving average price is $137.08. The company has a market cap of $43.29 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 2.31 and a beta of 1.03. Yum! Brands, Inc. has a 12-month low of $122.13 and a 12-month high of $163.30.

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 represents a $2.84 annualized dividend and a yield of 1.83%. This is an increase from Yum! Brands’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Friday, February 21st. Yum! Brands’s dividend payout ratio (DPR) is presently 54.41%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on YUM. Stifel Nicolaus increased their price target on Yum! Brands from $130.00 to $148.00 and gave the company a “hold” rating in a research report on Friday, February 28th. Oppenheimer lifted their target price on Yum! Brands from $154.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Citigroup restated a “neutral” rating and set a $141.00 price target (down previously from $153.00) on shares of Yum! Brands in a research report on Friday, January 10th. Argus raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Tuesday, December 31st. Finally, Wells Fargo & Company increased their target price on shares of Yum! Brands from $145.00 to $160.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 5th. Fifteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $150.95.

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.