Avantax Advisory Services Inc. Has $1.64 Million Stock Position in Yum! Brands, Inc. (NYSE:YUM)

Avantax Advisory Services Inc. decreased its position in Yum! Brands, Inc. (NYSE:YUMFree Report) by 9.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,131 shares of the restaurant operator’s stock after selling 1,392 shares during the period. Avantax Advisory Services Inc.’s holdings in Yum! Brands were worth $1,641,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Rise Advisors LLC lifted its stake in shares of Yum! Brands by 1,190.5% in the 3rd quarter. Rise Advisors LLC now owns 271 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 250 shares during the period. Clear Street Markets LLC boosted its holdings in shares of Yum! Brands by 28,400.0% during the 4th quarter. Clear Street Markets LLC now owns 285 shares of the restaurant operator’s stock worth $37,000 after buying an additional 284 shares in the last quarter. Legacy Financial Group LLC acquired a new stake in shares of Yum! Brands during the 3rd quarter worth approximately $40,000. Vestor Capital LLC increased its stake in shares of Yum! Brands by 303.5% in the 2nd quarter. Vestor Capital LLC now owns 2,163 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 1,627 shares in the last quarter. Finally, KB Financial Partners LLC acquired a new position in shares of Yum! Brands during the 2nd quarter valued at $41,000. Institutional investors own 80.17% of the company’s stock.

Insider Transactions at Yum! Brands

In related news, CEO David W. Gibbs sold 3,727 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $127.97, for a total transaction of $476,944.19. Following the completion of the sale, the chief executive officer now directly owns 57,325 shares of the company’s stock, valued at $7,335,880.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO David W. Gibbs sold 3,727 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $127.97, for a total transaction of $476,944.19. Following the completion of the transaction, the chief executive officer now owns 57,325 shares in the company, valued at $7,335,880.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David W. Gibbs sold 3,792 shares of Yum! Brands stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $130.17, for a total transaction of $493,604.64. Following the completion of the sale, the chief executive officer now directly owns 57,325 shares in the company, valued at approximately $7,461,995.25. The disclosure for this sale can be found here. Insiders have sold 11,275 shares of company stock worth $1,455,862 in the last 90 days. Insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

YUM has been the subject of a number of research reports. Stifel Nicolaus restated a “hold” rating and issued a $135.00 price target on shares of Yum! Brands in a report on Thursday, January 4th. Barclays raised Yum! Brands from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $126.00 to $146.00 in a research note on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on Yum! Brands in a research note on Thursday, October 19th. They issued a “hold” rating and a $131.00 price objective for the company. Oppenheimer raised Yum! Brands from a “market perform” rating to an “outperform” rating and set a $154.00 target price on the stock in a research report on Friday, January 5th. Finally, Citigroup lifted their price target on shares of Yum! Brands from $155.00 to $164.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $145.71.

Get Our Latest Analysis on YUM

Yum! Brands Price Performance

YUM opened at $127.26 on Wednesday. Yum! Brands, Inc. has a fifty-two week low of $115.53 and a fifty-two week high of $143.24. The firm has a market capitalization of $35.67 billion, a P/E ratio of 24.19, a PEG ratio of 1.80 and a beta of 1.09. The company’s 50-day moving average is $128.90 and its 200 day moving average is $127.74.

Yum! Brands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Wednesday, February 21st will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $2.68 annualized dividend and a dividend yield of 2.11%. This is a boost from Yum! Brands’s previous quarterly dividend of $0.61. Yum! Brands’s dividend payout ratio (DPR) is currently 46.01%.

About Yum! Brands

(Free Report)

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. It 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.

Further Reading

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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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