1ST Source Bank Sells 255 Shares of Yum! Brands, Inc. (NYSE:YUM)

1ST Source Bank lessened its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 1.5% during the fourth quarter, Holdings Channel reports. The fund owned 16,653 shares of the restaurant operator’s stock after selling 255 shares during the quarter. 1ST Source Bank’s holdings in Yum! Brands were worth $2,234,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Yum! Brands during the 4th quarter valued at $25,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Yum! Brands during the 3rd quarter valued at $29,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Yum! Brands during the 4th quarter valued at $33,000. Jackson Grant Investment Advisers Inc. lifted its position in shares of Yum! Brands by 52.1% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 295 shares of the restaurant operator’s stock valued at $40,000 after acquiring an additional 101 shares during the period. Finally, Morse Asset Management Inc acquired a new position in shares of Yum! Brands during the 3rd quarter valued at $42,000. Institutional investors and hedge funds own 82.37% of the company’s stock.

Yum! Brands Price Performance

Shares of YUM stock opened at $155.09 on Monday. The company has a market cap of $43.29 billion, a P/E ratio of 29.71, a P/E/G ratio of 2.31 and a beta of 1.03. The firm has a 50-day moving average of $141.01 and a 200-day moving average of $137.08. Yum! Brands, Inc. has a one year low of $122.13 and a one year high of $163.30.

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 given a dividend of $0.71 per share. The ex-dividend date was Friday, February 21st. This represents a $2.84 annualized dividend and a yield of 1.83%. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.67. Yum! Brands’s dividend payout ratio is presently 54.41%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on YUM shares. Robert W. Baird boosted their target price on shares of Yum! Brands from $160.00 to $176.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Argus upgraded shares of 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. Citigroup restated a “neutral” rating and set a $141.00 price objective (down previously from $153.00) on shares of Yum! Brands in a report on Friday, January 10th. Oppenheimer upped their price objective on shares of Yum! Brands from $154.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, Cowen restated a “hold” rating on shares of Yum! Brands in a report on Wednesday, March 5th. Fifteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $150.95.

Insider Activity at Yum! Brands

In related news, insider Erika Burkhardt sold 597 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $159.07, for a total transaction of $94,964.79. Following the completion of the transaction, the insider now owns 64 shares in the company, valued at approximately $10,180.48. This represents a 90.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David W. Gibbs sold 30,604 shares of the stock in a transaction dated 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 transaction, the chief executive officer now 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,839 shares of company stock worth $7,136,292. 0.31% of the stock is owned by company insiders.

Yum! Brands 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.