The Jacobs Levy Equity Management Inc. Purchases Shares of 328,908 Yum Brands Inc. (YUM)

The Jacobs Levy Equity Management Inc. Purchases Shares of 328,908 Yum Brands Inc. (YUM)

Jacobs Levy Equity Management Inc. purchased a new position in Yum Brands Inc. (NYSE:YUM) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 328,908 shares of the restaurant operator’s stock, valued at approximately $29,868,000. Jacobs Levy Equity Management Inc. owned approximately 0.09% of Yum Brands as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Hudock Capital Group LLC raised its position in Yum Brands by 0.3% in the third quarter. Hudock Capital Group LLC now owns 1,112 shares of the restaurant operator’s stock worth $101,000 after buying an additional 3 shares during the last quarter. Advisory Services Network LLC raised its position in Yum Brands by 9.2% in the second quarter. Advisory Services Network LLC now owns 1,292 shares of the restaurant operator’s stock worth $107,000 after buying an additional 109 shares during the last quarter. Tortoise Investment Management LLC raised its position in Yum Brands by 10.4% in the second quarter. Tortoise Investment Management LLC now owns 1,325 shares of the restaurant operator’s stock worth $110,000 after buying an additional 125 shares during the last quarter. BKS Advisors LLC bought a new position in Yum Brands during the third quarter worth approximately $117,000. Finally, TLP Group LLC bought a new position in Yum Brands during the third quarter worth approximately $128,000. 72.81% of the stock is owned by hedge funds and other institutional investors.

Shares of Yum Brands Inc. (NYSE:YUM) opened at 64.36 on Thursday. The stock has a 50 day moving average price of $63.98 and a 200-day moving average price of $63.42. Yum Brands Inc. has a 12 month low of $46.43 and a 12 month high of $66.13. The company has a market capitalization of $23.62 billion, a PE ratio of 16.56 and a beta of 0.78.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 3rd. Investors of record on Friday, January 13th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Wednesday, January 11th. Yum Brands’s dividend payout ratio (DPR) is currently 30.53%.

Several research firms recently issued reports on YUM. Zacks Investment Research raised Yum Brands from a “sell” rating to a “hold” rating in a research note on Saturday, January 7th. Instinet reissued a “buy” rating and set a $69.00 price objective (down previously from $70.00) on shares of Yum Brands in a research note on Friday, January 6th. Nomura reissued a “buy” rating and set a $69.00 price objective (down previously from $70.00) on shares of Yum Brands in a research note on Friday, January 6th. Sanford C. Bernstein reissued an “outperform” rating and set a $72.00 price objective on shares of Yum Brands in a research note on Wednesday, December 7th. Finally, Vetr raised Yum Brands from a “buy” rating to a “strong-buy” rating and set a $95.43 price objective for the company in a research note on Tuesday, November 1st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Yum Brands currently has an average rating of “Hold” and an average target price of $87.57.

About Yum Brands

YUM! Brands, Inc (YUM) is engaged in restaurant business. The Company develops, operates, franchises and licenses an across the world system of restaurants, which prepare, package and sell a menu of food items, primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts). YUM’s segments include The KFC Division, which includes all operations of the KFC concept outside of China Division; The Pizza Hut Division, which includes all operations of the Pizza Hut concept outside of China Division, and the Taco Bell Division, which includes all operations of the Taco Bell concept.

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