Fortitude Family Office LLC Has $162,000 Stock Holdings in Yum! Brands, Inc. (NYSE:YUM)

Fortitude Family Office LLC raised its position in Yum! Brands, Inc. (NYSE:YUM) by 478.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,209 shares of the restaurant operator’s stock after acquiring an additional 1,000 shares during the period. Fortitude Family Office LLC’s holdings in Yum! Brands were worth $162,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of YUM. Legal & General Group Plc boosted its holdings in Yum! Brands by 3.4% during the second quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock worth $419,123,000 after purchasing an additional 104,328 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Yum! Brands during the 2nd quarter worth about $7,645,000. Canada Pension Plan Investment Board grew its holdings in shares of Yum! Brands by 140.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 126,550 shares of the restaurant operator’s stock valued at $16,763,000 after acquiring an additional 73,844 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Yum! Brands by 15.5% in the third quarter. Toronto Dominion Bank now owns 127,446 shares of the restaurant operator’s stock valued at $17,805,000 after acquiring an additional 17,133 shares during the last quarter. Finally, DoubleLine ETF Adviser LP bought a new stake in Yum! Brands during the second quarter worth about $984,000. Institutional investors and hedge funds own 82.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Redburn Atlantic downgraded shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Loop Capital cut their price target on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. TD Cowen restated a “hold” rating and set a $145.00 price objective on shares of Yum! Brands in a research note on Wednesday, November 6th. Finally, 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 note on Tuesday, December 31st. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $146.78.

Insider Buying and Selling

In other news, CEO David W. Gibbs sold 7,059 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $135.94, for a total transaction of $959,600.46. Following the completion of the sale, the chief executive officer now directly owns 149,385 shares in the company, valued at approximately $20,307,396.90. This represents a 4.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 17,879 shares of company stock valued at $2,424,167 over the last 90 days. 0.31% of the stock is owned by corporate insiders.

Yum! Brands Price Performance

YUM opened at $127.72 on Friday. The company has a market capitalization of $35.64 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 2.37 and a beta of 1.11. The business has a fifty day simple moving average of $135.03 and a 200 day simple moving average of $133.90. Yum! Brands, Inc. has a 1 year low of $124.76 and a 1 year high of $143.20.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter last year, the company posted $1.44 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. Equities analysts anticipate that Yum! Brands, Inc. will post 5.47 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Monday, December 2nd. Yum! Brands’s dividend payout ratio (DPR) is currently 50.09%.

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.