Cetera Investment Advisers grew its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 8.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 14,655 shares of the restaurant operator’s stock after acquiring an additional 1,191 shares during the quarter. Cetera Investment Advisers’ holdings in Yum! Brands were worth $1,197,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in YUM. Calton & Associates Inc. acquired a new position in Yum! Brands during the 4th quarter worth $102,000. Valeo Financial Advisors LLC acquired a new stake in shares of Yum! Brands in the third quarter valued at $117,000. Cerebellum GP LLC acquired a new stake in shares of Yum! Brands in the fourth quarter valued at $140,000. Americafirst Capital Management LLC lifted its holdings in shares of Yum! Brands by 107.6% in the third quarter. Americafirst Capital Management LLC now owns 2,392 shares of the restaurant operator’s stock valued at $176,000 after buying an additional 1,240 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of Yum! Brands in the third quarter valued at $190,000. Institutional investors own 73.23% of the company’s stock.

Several brokerages have recently weighed in on YUM. Robert W. Baird upped their price objective on Yum! Brands from $78.00 to $83.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Instinet lowered Yum! Brands from a “buy” rating to a “neutral” rating in a report on Tuesday, January 30th. Zacks Investment Research lowered Yum! Brands from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Deutsche Bank upped their price objective on Yum! Brands from $75.00 to $82.00 and gave the company a “hold” rating in a report on Monday. Finally, Nomura lowered Yum! Brands from a “buy” rating to a “neutral” rating and set a $89.00 price objective for the company. in a report on Tuesday, January 30th. Fourteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $82.26.

In related news, CEO Brian R. Niccol sold 1,104 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $82.37, for a total transaction of $90,936.48. Following the transaction, the chief executive officer now directly owns 5,509 shares of the company’s stock, valued at $453,776.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian R. Niccol sold 945 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $79.90, for a total value of $75,505.50. Following the transaction, the chief executive officer now directly owns 10,785 shares in the company, valued at $861,721.50. The disclosure for this sale can be found here. Insiders have sold 5,270 shares of company stock worth $438,570 over the last three months. 0.65% of the stock is owned by insiders.

Shares of Yum! Brands, Inc. (NYSE:YUM) opened at $77.77 on Wednesday. The stock has a market capitalization of $26,210.00, a price-to-earnings ratio of 20.52, a PEG ratio of 1.89 and a beta of 0.95. The company has a current ratio of 1.66, a quick ratio of 1.65 and a debt-to-equity ratio of -1.49. Yum! Brands, Inc. has a 52-week low of $62.85 and a 52-week high of $86.93.

Yum! Brands (NYSE:YUM) last announced its earnings results on Thursday, February 8th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.16. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.59 billion. Yum! Brands had a negative return on equity of 17.27% and a net margin of 22.80%. Yum! Brands’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.79 earnings per share. research analysts anticipate that Yum! Brands, Inc. will post 3.29 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Wednesday, February 14th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, February 13th. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.30. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.85%. Yum! Brands’s payout ratio is 31.66%.

Yum! Brands declared that its board has authorized a stock repurchase plan on Friday, November 17th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the restaurant operator to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

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Yum! Brands Company Profile

YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.

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

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