Huntington National Bank Has $2.50 Million Stock Position in Yum! Brands, Inc. (NYSE:YUM)

Huntington National Bank raised its position in Yum! Brands, Inc. (NYSE:YUM) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,635 shares of the restaurant operator’s stock after buying an additional 1,403 shares during the period. Huntington National Bank’s holdings in Yum! Brands were worth $2,500,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Yum! Brands in the 4th quarter worth approximately $418,692,000. Cantillon Capital Management LLC boosted 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 worth $252,272,000 after purchasing an additional 452,339 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Yum! Brands during the fourth quarter worth $59,289,000. Los Angeles Capital Management LLC increased its stake in shares of Yum! Brands by 140.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 437,625 shares of the restaurant operator’s stock valued at $58,712,000 after buying an additional 255,495 shares in the last quarter. Finally, Anchor Capital Advisors LLC bought a new position in shares of Yum! Brands in the fourth quarter valued at about $30,098,000. 82.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on YUM. Citigroup reissued a “neutral” rating and set a $141.00 price objective (down previously from $153.00) on shares of Yum! Brands in a report on Friday, January 10th. Piper Sandler raised their price target on shares of Yum! Brands from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday. Sanford C. Bernstein cut shares of Yum! Brands from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $140.00 to $135.00 in a research report on Wednesday, January 22nd. Oppenheimer increased their price objective on Yum! Brands from $154.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group boosted their target price on Yum! Brands from $140.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Sixteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $151.70.

Yum! Brands Stock Up 2.0 %

Shares of YUM stock opened at $161.46 on Friday. Yum! Brands, Inc. has a 12-month low of $122.13 and a 12-month high of $163.30. The firm has a fifty day moving average of $149.76 and a 200-day moving average of $139.32. The firm has a market capitalization of $45.06 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 2.31 and a beta of 1.03.

Yum! Brands Increases Dividend

The firm 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 an increase from Yum! Brands’s previous quarterly dividend of $0.67. This represents a $2.84 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Friday, February 21st. Yum! Brands’s dividend payout ratio is 54.41%.

Insider Transactions at Yum! Brands

In other news, CEO David W. Gibbs sold 5,293 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $154.24, for a total value of $816,392.32. Following the completion of the transaction, the chief executive officer now owns 157,893 shares in the company, valued at $24,353,416.32. This represents a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Tracy L. Skeans sold 8,638 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $158.36, for a total transaction of $1,367,913.68. Following the sale, the chief operating officer now owns 2,970 shares in the company, valued at approximately $470,329.20. The trade was a 74.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,132 shares of company stock valued at $7,952,685 over the last 90 days. 0.31% of the stock is owned by company insiders.

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.