Allspring Global Investments Holdings LLC Has $14.16 Million Stake in Yum! Brands, Inc. (NYSE:YUM)

Allspring Global Investments Holdings LLC raised its position in Yum! Brands, Inc. (NYSE:YUM) by 624.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 106,005 shares of the restaurant operator’s stock after buying an additional 91,367 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Yum! Brands were worth $14,158,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Gladstone Institutional Advisory LLC boosted its position in Yum! Brands by 3.9% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 2,165 shares of the restaurant operator’s stock valued at $290,000 after buying an additional 82 shares during the last quarter. Anchor Investment Management LLC boosted its position in Yum! Brands by 7.4% in the 3rd quarter. Anchor Investment Management LLC now owns 1,329 shares of the restaurant operator’s stock valued at $186,000 after buying an additional 92 shares during the last quarter. Graypoint LLC boosted its position in Yum! Brands by 1.7% in the 4th quarter. Graypoint LLC now owns 5,902 shares of the restaurant operator’s stock valued at $792,000 after buying an additional 97 shares during the last quarter. Joel Isaacson & Co. LLC boosted its position in Yum! Brands by 2.1% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 4,927 shares of the restaurant operator’s stock valued at $688,000 after buying an additional 100 shares during the last quarter. Finally, Jackson Grant Investment Advisers Inc. boosted its position in Yum! Brands by 52.1% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 295 shares of the restaurant operator’s stock valued at $40,000 after buying an additional 101 shares during the last quarter. 82.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Yum! Brands

In related news, CEO David W. Gibbs sold 3,815 shares of the company’s stock in a transaction dated 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 in the company, 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 SEC, which is accessible through this hyperlink. Company insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on YUM. Bank of America reduced their price target on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. The Goldman Sachs Group raised their price target on Yum! Brands from $140.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Argus upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research report on Tuesday, December 31st. TD Securities raised their price target on Yum! Brands from $140.00 to $151.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. Finally, Sanford C. Bernstein lowered Yum! Brands from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $140.00 to $135.00 in a research report on Wednesday, January 22nd. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $147.37.

Yum! Brands Price Performance

YUM opened at $147.80 on Tuesday. The business’s 50-day moving average price is $133.32 and its two-hundred day moving average price is $134.55. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $149.30. The company has a market capitalization of $41.25 billion, a price-to-earnings ratio of 28.31, a P/E/G ratio of 2.36 and a beta of 1.10.

Yum! Brands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a $0.71 dividend. This is an increase 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 1.92%. Yum! Brands’s dividend payout ratio (DPR) is currently 51.34%.

About Yum! Brands

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.