Assetmark Inc. Sells 12,014 Shares of Yum! Brands, Inc. (NYSE:YUM)

Assetmark Inc. lessened its holdings in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 74.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,018 shares of the restaurant operator's stock after selling 12,014 shares during the quarter. Assetmark Inc.'s holdings in Yum! Brands were worth $539,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Yum! Brands during the 4th quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC purchased a new stake in Yum! Brands during the third quarter worth $29,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Yum! Brands in the fourth quarter valued at $33,000. Jackson Grant Investment Advisers Inc. raised its stake in shares of Yum! Brands by 52.1% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 295 shares of the restaurant operator's stock worth $40,000 after buying an additional 101 shares during the last quarter. Finally, Morse Asset Management Inc purchased a new position in Yum! Brands during the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 82.37% of the company's stock.

Insider Activity

In other Yum! Brands news, insider Erika Burkhardt sold 597 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $159.07, for a total transaction of $94,964.79. Following the completion of the sale, the insider now owns 64 shares of the company's stock, valued at $10,180.48. This represents a 90.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Tracy L. Skeans sold 8,638 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $158.36, for a total transaction of $1,367,913.68. Following the completion of the sale, the chief operating officer now owns 2,970 shares of the company's stock, valued at $470,329.20. The trade was a 74.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,654 shares of company stock worth $7,659,176 over the last quarter. Corporate insiders own 0.31% of the company's stock.

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Yum! Brands Stock Performance

Shares of YUM stock traded down $0.90 during mid-day trading on Thursday, hitting $153.50. 1,631,344 shares of the stock traded hands, compared to its average volume of 1,909,622. The firm has a market cap of $42.84 billion, a price-to-earnings ratio of 29.41, a price-to-earnings-growth ratio of 2.31 and a beta of 1.03. The company's 50-day simple moving average is $140.18 and its 200-day simple moving average is $136.79. Yum! Brands, Inc. has a twelve month low of $122.13 and a twelve month high of $163.30.

Yum! Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.85%. This is a boost from Yum! Brands's previous quarterly dividend of $0.67. The ex-dividend date was Friday, February 21st. Yum! Brands's payout ratio is presently 54.41%.

Analyst Ratings Changes

Several research analysts recently weighed in on YUM shares. UBS Group boosted their target price on shares of Yum! Brands from $156.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, February 7th. TD Securities raised their price objective on Yum! Brands from $151.00 to $164.00 and gave the stock a "hold" rating in a report on Wednesday, March 5th. Morgan Stanley increased their target price on shares of Yum! Brands from $146.00 to $150.00 and gave the stock an "equal weight" rating in a research report on Thursday. Sanford C. Bernstein cut shares of Yum! Brands from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $140.00 to $135.00 in a research report on Wednesday, January 22nd. Finally, Robert W. Baird increased their target price on Yum! Brands from $160.00 to $176.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Fifteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $150.95.

Yum! Brands Company 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.