Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lowered its stake in Yum! Brands, Inc. (NYSE:YUM) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,110 shares of the restaurant operator’s stock after selling 157 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Yum! Brands were worth $954,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Safe Harbor Fiduciary LLC bought a new stake in shares of Yum! Brands during the 3rd quarter worth about $29,000. Jackson Grant Investment Advisers Inc. increased its stake in shares of Yum! Brands by 52.1% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 295 shares of the restaurant operator’s stock valued at $40,000 after acquiring an additional 101 shares during the period. Morse Asset Management Inc bought a new stake in Yum! Brands during the third quarter worth approximately $42,000. Global Wealth Strategies & Associates lifted its position in Yum! Brands by 649.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 367 shares of the restaurant operator’s stock worth $49,000 after purchasing an additional 318 shares during the period. Finally, Albion Financial Group UT boosted its stake in Yum! Brands by 24.7% during the 4th quarter. Albion Financial Group UT now owns 566 shares of the restaurant operator’s stock valued at $76,000 after purchasing an additional 112 shares in the last quarter. Institutional investors own 82.37% of the company’s stock.

Yum! Brands Trading Down 1.6 %

NYSE:YUM opened at $148.51 on Friday. The business’s fifty day moving average price is $134.35 and its 200 day moving average price is $135.03. The firm has a market capitalization of $41.45 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 2.31 and a beta of 1.10. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $151.29.

Yum! Brands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be issued a $0.71 dividend. This is an increase from Yum! Brands’s previous quarterly dividend of $0.67. The ex-dividend date is Friday, February 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.91%. Yum! Brands’s dividend payout ratio is currently 51.34%.

Insider Transactions at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 3,815 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $137.06, for a total value 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 represents a 2.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on YUM shares. Citigroup reissued a “neutral” rating and issued a $141.00 price objective (down previously from $153.00) on shares of Yum! Brands in a research note on Friday, January 10th. Redburn Atlantic cut shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Barclays lifted their price objective on shares of Yum! Brands from $162.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Finally, Oppenheimer increased their target price on shares of Yum! Brands from $154.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Yum! Brands has an average rating of “Hold” and a consensus price target of $147.37.

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.