Envestnet Asset Management Inc. Sells 7,036 Shares of Yum! Brands, Inc. (NYSE:YUM)

Envestnet Asset Management Inc. cut its position in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 253,789 shares of the restaurant operator's stock after selling 7,036 shares during the period. Envestnet Asset Management Inc. owned 0.09% of Yum! Brands worth $34,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on YUM shares. Guggenheim boosted 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. Cowen restated a "hold" rating on shares of Yum! Brands in a research note on Wednesday, March 5th. TD Cowen reiterated a "hold" rating and issued a $140.00 target price on shares of Yum! Brands in a report on Thursday, February 6th. Oppenheimer increased their price target on Yum! Brands from $154.00 to $160.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company upped their target price on shares of Yum! Brands from $145.00 to $160.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 5th. Sixteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Yum! Brands presently has a consensus rating of "Hold" and an average price target of $152.24.

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Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, COO Tracy L. Skeans sold 8,638 shares of the business's stock in a transaction dated 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 directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David W. Gibbs sold 5,293 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $154.24, for a total value of $816,392.32. Following the transaction, the chief executive officer now owns 157,893 shares in the company, valued at approximately $24,353,416.32. This trade represents a 3.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,132 shares of company stock valued at $7,952,685 in the last quarter. Corporate insiders own 0.31% of the company's stock.

Yum! Brands Price Performance

YUM traded up $1.01 on Monday, hitting $146.01. The company had a trading volume of 3,431,991 shares, compared to its average volume of 2,022,930. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30. The stock has a market cap of $40.75 billion, a price-to-earnings ratio of 27.97, a price-to-earnings-growth ratio of 2.31 and a beta of 0.90. The company's fifty day moving average price is $152.36 and its 200 day moving average price is $140.08.

Yum! Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.95%. This is a positive change from Yum! Brands's previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Friday, February 21st. Yum! Brands's dividend payout ratio (DPR) is currently 54.41%.

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.