Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Yum! Brands, Inc. (NYSE:YUM) by 60.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,910 shares of the restaurant operator’s stock after buying an additional 33,543 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Yum! Brands were worth $8,074,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Zweig DiMenna Associates LLC bought a new stake in shares of Yum! Brands during the third quarter valued at approximately $526,000. KCG Holdings Inc. raised its stake in shares of Yum! Brands by 82.3% in the third quarter. KCG Holdings Inc. now owns 53,591 shares of the restaurant operator’s stock valued at $4,867,000 after buying an additional 24,191 shares in the last quarter. USA Financial Portformulas Corp bought a new stake in shares of Yum! Brands during the third quarter valued at approximately $3,120,000. Brown Advisory Securities LLC raised its stake in shares of Yum! Brands by 2.8% in the third quarter. Brown Advisory Securities LLC now owns 7,230 shares of the restaurant operator’s stock valued at $658,000 after buying an additional 200 shares in the last quarter. Finally, Investment House LLC raised its stake in shares of Yum! Brands by 3.0% in the third quarter. Investment House LLC now owns 38,094 shares of the restaurant operator’s stock valued at $3,459,000 after buying an additional 1,125 shares in the last quarter. Hedge funds and other institutional investors own 72.81% of the company’s stock.

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

Shares of Yum! Brands, Inc. (NYSE:YUM) traded down 0.08% during mid-day trading on Friday, hitting $64.61. 126,611 shares of the company’s stock traded hands. The stock has a market cap of $23.71 billion, a P/E ratio of 16.62 and a beta of 0.78. Yum! Brands, Inc. has a 1-year low of $46.43 and a 1-year high of $66.13. The stock has a 50 day moving average price of $63.88 and a 200-day moving average price of $63.24.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 3rd. Investors of record on Friday, January 13th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, January 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.86%. Yum! Brands’s dividend payout ratio (DPR) is presently 30.53%.

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Several brokerages recently commented on YUM. Zacks Investment Research upgraded shares of Yum! Brands from a “sell” rating to a “hold” rating in a research note on Saturday, January 7th. Instinet reiterated a “buy” rating and set a $69.00 price target (down from $70.00) on shares of Yum! Brands in a research note on Friday, January 6th. Nomura reiterated a “buy” rating and set a $69.00 price target (down from $70.00) on shares of Yum! Brands in a research note on Friday, January 6th. Sanford C. Bernstein reiterated an “outperform” rating and set a $72.00 price target on shares of Yum! Brands in a research note on Wednesday, December 7th. Finally, Vetr upgraded shares of Yum! Brands from a “buy” rating to a “strong-buy” rating and set a $95.43 price target on the stock in a research note on Tuesday, November 1st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $88.16.

About Yum! Brands

YUM! Brands, Inc (YUM) is engaged in restaurant business. The Company develops, operates, franchises and licenses an across the world system of restaurants, which prepare, package and sell a menu of food items, primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts). YUM’s segments include The KFC Division, which includes all operations of the KFC concept outside of China Division; The Pizza Hut Division, which includes all operations of the Pizza Hut concept outside of China Division, and the Taco Bell Division, which includes all operations of the Taco Bell concept.

5 Day Chart for NYSE:YUM

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