Yum! Brands, Inc. (NYSE:YUM) Shares Purchased by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE grew its position in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 94.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,388 shares of the restaurant operator's stock after buying an additional 1,650 shares during the period. Congress Wealth Management LLC DE's holdings in Yum! Brands were worth $455,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HBK Sorce Advisory LLC boosted its holdings in Yum! Brands by 2.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 2,664 shares of the restaurant operator's stock valued at $357,000 after purchasing an additional 69 shares during the period. OLD Point Trust & Financial Services N A grew its position in shares of Yum! Brands by 0.5% during the fourth quarter. OLD Point Trust & Financial Services N A now owns 15,357 shares of the restaurant operator's stock worth $2,060,000 after buying an additional 70 shares in the last quarter. Investment Partners LTD. increased its stake in shares of Yum! Brands by 2.3% during the fourth quarter. Investment Partners LTD. now owns 3,231 shares of the restaurant operator's stock worth $433,000 after buying an additional 72 shares during the period. Bahl & Gaynor Inc. raised its holdings in Yum! Brands by 5.0% in the fourth quarter. Bahl & Gaynor Inc. now owns 1,575 shares of the restaurant operator's stock valued at $211,000 after acquiring an additional 75 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC lifted its stake in Yum! Brands by 3.9% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 2,165 shares of the restaurant operator's stock worth $290,000 after acquiring an additional 82 shares during the last quarter. Institutional investors and hedge funds own 82.37% of the company's stock.

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Yum! Brands Price Performance

Shares of NYSE:YUM traded up $1.28 during trading on Monday, reaching $157.04. The company had a trading volume of 3,510,584 shares, compared to its average volume of 1,959,951. The stock's fifty day moving average price is $147.14 and its 200 day moving average price is $138.69. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $163.30. The firm has a market capitalization of $43.83 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 2.31 and a beta of 1.03.

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. The ex-dividend date was Friday, February 21st. This represents a $2.84 dividend on an annualized basis and a yield of 1.81%. This is an increase from Yum! Brands's previous quarterly dividend of $0.67. Yum! Brands's dividend payout ratio is presently 54.41%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. The Goldman Sachs Group increased their price objective on shares of Yum! Brands from $140.00 to $155.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Wells Fargo & Company increased their target price on Yum! Brands from $145.00 to $160.00 and gave the company an "equal weight" rating in a report on Wednesday, March 5th. TD Securities reaffirmed a "hold" rating and set a $164.00 price target on shares of Yum! Brands in a report on Monday. Citigroup reiterated a "neutral" rating and issued a $141.00 price objective (down previously from $153.00) on shares of Yum! Brands in a report on Friday, January 10th. Finally, UBS Group upped their price target on Yum! Brands from $156.00 to $165.00 and gave the company a "buy" rating in a report on Friday, February 7th. Fifteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $151.79.

Insider Transactions at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 5,293 shares of Yum! Brands stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $154.24, for a total value of $816,392.32. Following the sale, the chief executive officer now owns 157,893 shares of the company's stock, valued at approximately $24,353,416.32. The trade was a 3.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David Eric Russell sold 5,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $158.66, for a total value of $793,300.00. Following the transaction, the vice president now directly owns 11,960 shares of the company's stock, valued at approximately $1,897,573.60. This trade represents a 29.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,132 shares of company stock worth $7,952,685. Company insiders own 0.31% of the company's stock.

About Yum! Brands

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.