Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in Yum! Brands, Inc. (NYSE:YUM) by 3.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,450 shares of the restaurant operator’s stock after selling 1,193 shares during the period. Mutual of America Capital Management LLC’s holdings in Yum! Brands were worth $4,488,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Anchor Capital Advisors LLC purchased a new position in Yum! Brands in the 4th quarter worth approximately $30,098,000. Linscomb Wealth Inc. increased its holdings in shares of Yum! Brands by 2.7% in the fourth quarter. Linscomb Wealth Inc. now owns 24,644 shares of the restaurant operator’s stock valued at $3,306,000 after purchasing an additional 649 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Yum! Brands during the fourth quarter worth approximately $14,403,000. Oppenheimer & Co. Inc. boosted its stake in Yum! Brands by 1.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 7,512 shares of the restaurant operator’s stock worth $1,008,000 after buying an additional 103 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its holdings in Yum! Brands by 1.7% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 109,300 shares of the restaurant operator’s stock valued at $14,664,000 after buying an additional 1,800 shares in the last quarter. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO David W. Gibbs sold 3,815 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $137.06, for a total transaction of $522,883.90. Following the sale, the chief executive officer now owns 149,385 shares of the company’s stock, valued at approximately $20,474,708.10. This represents a 2.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.31% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on YUM shares. Deutsche Bank Aktiengesellschaft reduced their price target on Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Redburn Atlantic downgraded shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Stifel Nicolaus increased their price target on shares of Yum! Brands from $130.00 to $148.00 and gave the company a “hold” rating in a research note on Friday, February 28th. Morgan Stanley restated an “equal weight” rating and set a $140.00 price target (down previously from $158.00) on shares of Yum! Brands in a report on Tuesday, January 21st. Finally, Argus upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a report on Tuesday, December 31st. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Yum! Brands currently has a consensus rating of “Hold” and an average price target of $148.32.

Yum! Brands Price Performance

Shares of Yum! Brands stock opened at $158.65 on Wednesday. The stock has a market capitalization of $44.28 billion, a price-to-earnings ratio of 30.39, a price-to-earnings-growth ratio of 2.31 and a beta of 1.10. The business has a 50-day moving average of $137.32 and a 200 day moving average of $135.88. Yum! Brands, Inc. has a 12 month low of $122.13 and a 12 month high of $164.08.

Yum! Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be paid a $0.71 dividend. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.84 annualized dividend and a dividend yield of 1.79%. Yum! Brands’s dividend payout ratio (DPR) is presently 54.41%.

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.