2,648 Shares in Yum! Brands, Inc. (YUM) Purchased by Grimes & Company Inc.

Grimes & Company Inc. bought a new stake in Yum! Brands, Inc. (NYSE:YUM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,648 shares of the restaurant operator’s stock, valued at approximately $216,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Fort Pitt Capital Group LLC boosted its holdings in Yum! Brands by 16.9% in the second quarter. Fort Pitt Capital Group LLC now owns 4,150 shares of the restaurant operator’s stock valued at $306,000 after purchasing an additional 600 shares during the period. Hall Capital Management Co. Inc. boosted its holdings in Yum! Brands by 5.1% in the fourth quarter. Hall Capital Management Co. Inc. now owns 12,820 shares of the restaurant operator’s stock valued at $1,046,000 after purchasing an additional 625 shares during the period. Bessemer Group Inc. boosted its holdings in Yum! Brands by 13.6% in the fourth quarter. Bessemer Group Inc. now owns 5,668 shares of the restaurant operator’s stock valued at $462,000 after purchasing an additional 679 shares during the period. Resources Investment Advisors Inc. boosted its holdings in Yum! Brands by 33.8% in the fourth quarter. Resources Investment Advisors Inc. now owns 2,689 shares of the restaurant operator’s stock valued at $220,000 after purchasing an additional 679 shares during the period. Finally, BB&T Corp boosted its holdings in Yum! Brands by 1.1% in the fourth quarter. BB&T Corp now owns 66,482 shares of the restaurant operator’s stock valued at $5,426,000 after purchasing an additional 701 shares during the period. Hedge funds and other institutional investors own 73.55% of the company’s stock.

Shares of Yum! Brands, Inc. (NYSE:YUM) opened at $80.13 on Thursday. The company has a current ratio of 1.42, a quick ratio of 1.41 and a debt-to-equity ratio of -1.55. Yum! Brands, Inc. has a 52-week low of $62.85 and a 52-week high of $86.93. The company has a market capitalization of $27,154.95, a PE ratio of 28.78, a PEG ratio of 1.93 and a beta of 0.93.

Yum! Brands announced that its board has approved a share buyback program on Friday, November 17th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the restaurant operator to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

The company 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 represents a $1.44 dividend on an annualized basis and a dividend yield of 1.80%. This is a boost from Yum! Brands’s previous quarterly dividend of $0.30. Yum! Brands’s payout ratio is 37.04%.

In other news, CEO Brian R. Niccol sold 1,104 shares of Yum! Brands stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $82.37, for a total transaction of $90,936.48. Following the sale, the chief executive officer now owns 5,509 shares in the company, valued at $453,776.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian R. Niccol sold 2,294 shares of Yum! Brands stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $84.90, for a total value of $194,760.60. Following the sale, the chief executive officer now owns 10,160 shares in the company, valued at approximately $862,584. The disclosure for this sale can be found here. Insiders have sold 4,325 shares of company stock worth $363,065 in the last quarter. Insiders own 7.38% of the company’s stock.

YUM has been the subject of a number of recent research reports. Robert W. Baird reiterated a “hold” rating and issued a $78.00 target price on shares of Yum! Brands in a report on Thursday, October 12th. Zacks Investment Research lowered Yum! Brands from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Barclays lifted their target price on Yum! Brands from $74.00 to $78.00 and gave the company an “equal weight” rating in a report on Wednesday, October 18th. Oppenheimer restated a “buy” rating and issued a $85.00 price target on shares of Yum! Brands in a research note on Monday, October 30th. Finally, Mizuho set a $74.00 price target on Yum! Brands and gave the company a “hold” rating in a research note on Wednesday, November 1st. 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 stock. Yum! Brands presently has a consensus rating of “Buy” and a consensus target price of $81.95.

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About Yum! Brands

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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