1ST Source Bank Has $2.23 Million Stake in Yum! Brands, Inc. (NYSE:YUM)

1ST Source Bank trimmed its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,653 shares of the restaurant operator’s stock after selling 255 shares during the period. 1ST Source Bank’s holdings in Yum! Brands were worth $2,234,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in YUM. Harbour Investments Inc. increased its holdings in Yum! Brands by 41.9% during the third quarter. Harbour Investments Inc. now owns 2,653 shares of the restaurant operator’s stock worth $371,000 after buying an additional 784 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Yum! Brands by 6.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 16,538 shares of the restaurant operator’s stock worth $2,311,000 after buying an additional 974 shares during the last quarter. Curi RMB Capital LLC acquired a new position in Yum! Brands during the third quarter worth $262,000. CIBC Asset Management Inc increased its holdings in Yum! Brands by 3.2% during the third quarter. CIBC Asset Management Inc now owns 72,097 shares of the restaurant operator’s stock worth $10,063,000 after buying an additional 2,235 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in Yum! Brands by 145.8% during the third quarter. Empowered Funds LLC now owns 28,296 shares of the restaurant operator’s stock worth $3,953,000 after buying an additional 16,782 shares during the last quarter. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Yum! Brands

In related news, CEO David W. Gibbs sold 30,604 shares of Yum! Brands stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $159.46, for a total transaction of $4,880,113.84. Following the sale, the chief executive officer now directly owns 160,296 shares of the company’s stock, valued at approximately $25,560,800.16. The trade was a 16.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP David Eric Russell sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $158.66, for a total transaction of $793,300.00. Following the sale, the vice president now directly owns 11,960 shares in the company, valued at $1,897,573.60. The trade was a 29.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,839 shares of company stock valued at $7,136,292. 0.31% of the stock is owned by insiders.

Yum! Brands Trading Up 1.1 %

Shares of NYSE YUM opened at $155.09 on Monday. The company has a market cap of $43.29 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 2.31 and a beta of 1.03. Yum! Brands, Inc. has a 12 month low of $122.13 and a 12 month high of $163.30. The stock has a 50-day moving average price of $141.01 and a two-hundred day moving average price of $137.08.

Yum! Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a dividend of $0.71 per share. The ex-dividend date was Friday, February 21st. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.67. This represents a $2.84 annualized dividend and a dividend yield of 1.83%. Yum! Brands’s payout ratio is 54.41%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on YUM shares. Wells Fargo & Company lifted their price objective on shares of Yum! Brands from $145.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 5th. UBS Group lifted their price objective on shares of Yum! Brands from $156.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Oppenheimer lifted their price objective on shares of Yum! Brands from $154.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Cowen reaffirmed a “hold” rating on shares of Yum! Brands in a research report on Wednesday, March 5th. Finally, The Goldman Sachs Group lifted their price objective on shares of Yum! Brands from $140.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Fifteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $150.95.

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.