APG Asset Management N.V. Grows Holdings in Yum! Brands, Inc. (NYSE:YUM)

APG Asset Management N.V. grew its position in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 351.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 283,100 shares of the restaurant operator's stock after purchasing an additional 220,400 shares during the quarter. APG Asset Management N.V. owned about 0.10% of Yum! Brands worth $36,679,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Morse Asset Management Inc acquired a new stake in shares of Yum! Brands during the third quarter worth $42,000. Kovitz Investment Group Partners LLC raised its stake in Yum! Brands by 455.3% in the third quarter. Kovitz Investment Group Partners LLC now owns 14,149 shares of the restaurant operator's stock valued at $1,977,000 after purchasing an additional 11,601 shares in the last quarter. EP Wealth Advisors LLC increased its holdings in Yum! Brands by 1.2% in the 3rd quarter. EP Wealth Advisors LLC now owns 13,727 shares of the restaurant operator's stock valued at $1,918,000 after buying an additional 164 shares during the period. National Bank of Canada FI lifted its holdings in shares of Yum! Brands by 42.3% during the 3rd quarter. National Bank of Canada FI now owns 131,779 shares of the restaurant operator's stock worth $18,411,000 after acquiring an additional 39,171 shares during the period. Finally, MML Investors Services LLC lifted its stake in Yum! Brands by 2.1% during the third quarter. MML Investors Services LLC now owns 35,519 shares of the restaurant operator's stock worth $4,962,000 after purchasing an additional 718 shares during the last quarter. Institutional investors own 82.37% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Stifel Nicolaus increased their target price on shares of Yum! Brands from $130.00 to $148.00 and gave the stock a "hold" rating in a report on Friday, February 28th. Guggenheim raised their price objective on shares of Yum! Brands from $155.00 to $165.00 and gave the company a "buy" rating in a report on Tuesday, April 8th. The Goldman Sachs Group raised their price target on shares of Yum! Brands from $140.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Oppenheimer lifted their price objective on shares of Yum! Brands from $154.00 to $160.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Finally, Barclays upped their price objective on shares of Yum! Brands from $162.00 to $165.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Sixteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $152.24.

Yum! Brands Trading Up 0.1 %

YUM stock traded up $0.17 during midday trading on Monday, reaching $145.17. 1,014,814 shares of the company's stock traded hands, compared to its average volume of 2,013,535. The stock's 50-day moving average is $152.06 and its 200 day moving average is $140.04. The stock has a market cap of $40.52 billion, a P/E ratio of 27.81, a PEG ratio of 2.31 and a beta of 0.90. Yum! Brands, Inc. has a 52-week low of $122.13 and a 52-week high of $163.30.

Yum! Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a dividend of $0.71 per share. The ex-dividend date was Friday, February 21st. This is an increase from Yum! Brands's previous quarterly dividend of $0.67. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.96%. Yum! Brands's payout ratio is 54.41%.

Insider Buying and Selling at Yum! Brands

In related news, CEO David W. Gibbs sold 30,604 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $159.46, for a total transaction of $4,880,113.84. Following the completion of the transaction, the chief executive officer now directly owns 160,296 shares of the company's stock, valued at approximately $25,560,800.16. This trade represents a 16.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Tracy L. Skeans sold 8,638 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $158.36, for a total value of $1,367,913.68. Following the transaction, the chief operating officer now owns 2,970 shares of the company's stock, valued at approximately $470,329.20. The trade was a 74.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,132 shares of company stock valued at $7,952,685 over the last 90 days. 0.31% of the stock is currently owned by corporate insiders.

Yum! Brands Profile

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.