Rand Wealth LLC Sold 400 Shares of Yum! Brands, Inc. (YUM)

Rand Wealth LLC Sold 400 Shares of Yum! Brands, Inc. (YUM)

Rand Wealth LLC reduced its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 0.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,595 shares of the restaurant operator’s stock after selling 400 shares during the period. Rand Wealth LLC’s holdings in Yum! Brands were worth $4,595,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in YUM. Hudock Capital Group LLC boosted its stake 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 valued at $101,000 after buying an additional 3 shares during the last quarter. Advisory Services Network LLC boosted its stake 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 valued at $107,000 after buying an additional 109 shares during the last quarter. Tortoise Investment Management LLC boosted its stake 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 valued at $110,000 after buying an additional 125 shares during the last quarter. Point72 Asia Hong Kong Ltd raised its position in Yum! Brands by 1,600.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,700 shares of the restaurant operator’s stock valued at $141,000 after buying an additional 1,600 shares during the period. Finally, Vigilant Capital Management LLC raised its position in Yum! Brands by 0.4% in the third quarter. Vigilant Capital Management LLC now owns 1,700 shares of the restaurant operator’s stock valued at $154,000 after buying an additional 6 shares during the period. Institutional investors and hedge funds own 73.49% of the company’s stock.

Shares of Yum! Brands, Inc. (NYSE:YUM) opened at 65.53 on Wednesday. The company has a 50-day moving average price of $64.38 and a 200 day moving average price of $63.65. The firm has a market capitalization of $24.05 billion, a PE ratio of 16.86 and a beta of 0.78. Yum! Brands, Inc. has a 52-week low of $46.43 and a 52-week high of $66.21.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 3rd. Investors of record on Friday, January 13th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Wednesday, January 11th. Yum! Brands’s dividend payout ratio (DPR) is presently 30.53%.

Several research firms have commented on YUM. RBC Capital Markets reaffirmed an “outperform” rating on shares of Yum! Brands in a research report on Wednesday. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $76.00 price target on shares of Yum! Brands in a research report on Saturday. Jefferies Group LLC reaffirmed a “hold” rating and set a $60.00 price target (down previously from $85.00) on shares of Yum! Brands in a research report on Tuesday, January 24th. Zacks Investment Research raised Yum! Brands from a “sell” rating to a “hold” rating in a research report on Saturday, January 7th. Finally, Instinet reaffirmed a “buy” rating and set a $69.00 price target (down previously from $70.00) on shares of Yum! Brands in a research report on Friday, January 6th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Yum! Brands has a consensus rating of “Hold” and a consensus target price of $86.52.

Yum! Brands Company Profile

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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