Broyhill Asset Management Invests $201,000 in Yum! Brands, Inc. (NYSE:YUM)

Broyhill Asset Management bought a new stake in shares of Yum! Brands, Inc. (NYSE:YUM) during the 4th quarter, Holdings Channel reports. The firm bought 1,500 shares of the restaurant operator’s stock, valued at approximately $201,000.

Several other hedge funds have also bought and sold shares of YUM. Bank of New York Mellon Corp increased its holdings in Yum! Brands by 4.2% in 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 acquiring an additional 94,026 shares in the last quarter. Cantillon Capital Management LLC raised its position in shares of Yum! Brands by 31.7% during 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 purchasing an additional 452,339 shares during the period. DJE Kapital AG purchased a new position in shares of Yum! Brands during the 4th quarter valued at $3,306,000. Forsta AP Fonden boosted its holdings in Yum! Brands by 5.3% in 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 during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Yum! Brands by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,677,290 shares of the restaurant operator’s stock worth $225,025,000 after buying an additional 44,428 shares in the last quarter. Institutional investors own 82.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on YUM shares. Guggenheim boosted their price objective on Yum! Brands from $155.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, April 8th. Robert W. Baird reduced their price objective on shares of Yum! Brands from $176.00 to $174.00 and set an “outperform” rating on the stock in a research report on Monday, April 7th. Argus upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $155.00 target price for the company in a research report on Tuesday, December 31st. Cowen reaffirmed a “hold” rating on shares of Yum! Brands in a research note on Wednesday, March 5th. Finally, Stifel Nicolaus boosted their price target on shares of Yum! Brands from $130.00 to $148.00 and gave the stock a “hold” rating in a research note on Friday, February 28th. Sixteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Yum! Brands presently has a consensus rating of “Hold” and a consensus target price of $152.24.

Yum! Brands Stock Down 0.4 %

YUM opened at $144.97 on Monday. The business has a fifty day moving average of $152.06 and a 200 day moving average of $140.04. Yum! Brands, Inc. has a 52-week low of $122.13 and a 52-week high of $163.30. The stock has a market cap of $40.46 billion, a P/E ratio of 27.77, a PEG ratio of 2.31 and a beta of 0.90.

Yum! Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.96%. This is a boost from Yum! Brands’s previous quarterly dividend of $0.67. The ex-dividend date was Friday, February 21st. Yum! Brands’s payout ratio is 54.41%.

Insiders Place Their Bets

In other news, insider Erika Burkhardt sold 597 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $159.07, for a total transaction of $94,964.79. Following the transaction, the insider now owns 64 shares of the company’s stock, valued at approximately $10,180.48. This represents a 90.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David W. Gibbs sold 5,293 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was 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 of the company’s stock, valued at approximately $24,353,416.32. This trade represents a 3.24 % 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 worth $7,952,685 in the last three months. Corporate insiders own 0.31% of the company’s stock.

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.