Corient Capital Partners LLC grew its stake in shares of Yum! Brands, Inc. (NYSE:YUM – Get Rating) by 2.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,726 shares of the restaurant operator’s stock after buying an additional 185 shares during the period. Corient Capital Partners LLC’s holdings in Yum! Brands were worth $763,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Lansing Street Advisors acquired a new position in shares of Yum! Brands during the 1st quarter valued at $25,000. Vigilant Capital Management LLC bought a new stake in shares of Yum! Brands in the 2nd quarter worth about $25,000. Investors Asset Management of Georgia Inc. GA ADV bought a new stake in shares of Yum! Brands in the 2nd quarter worth about $30,000. Tcwp LLC bought a new stake in shares of Yum! Brands in the 1st quarter worth about $46,000. Finally, CVA Family Office LLC increased its position in shares of Yum! Brands by 55.4% in the 2nd quarter. CVA Family Office LLC now owns 435 shares of the restaurant operator’s stock worth $49,000 after purchasing an additional 155 shares during the last quarter. 70.18% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
YUM has been the subject of several research analyst reports. Royal Bank of Canada boosted their target price on shares of Yum! Brands from $126.00 to $128.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 3rd. Cowen lowered their price objective on shares of Yum! Brands from $143.00 to $130.00 and set an “outperform” rating for the company in a research report on Wednesday, October 19th. Argus raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a research report on Wednesday. StockNews.com assumed coverage on shares of Yum! Brands in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Sanford C. Bernstein assumed coverage on shares of Yum! Brands in a research report on Wednesday, September 7th. They issued an “outperform” rating and a $144.00 target price for the company. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $135.69.
Yum! Brands Trading Up 1.2 %
Yum! Brands Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Friday, November 25th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Wednesday, November 23rd. Yum! Brands’s dividend payout ratio is currently 52.05%.
Yum! Brands announced that its Board of Directors has authorized a share repurchase program on Monday, September 12th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the restaurant operator to repurchase up to 6.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
Yum! Brands Company Profile
YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. The company 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.
- Get a free copy of the StockNews.com research report on Yum! Brands (YUM)
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