Fox Run Management L.L.C. Makes New Investment in Yum! Brands, Inc. (NYSE:YUM)

Fox Run Management L.L.C. bought a new stake in Yum! Brands, Inc. (NYSE:YUM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,206 shares of the restaurant operator's stock, valued at approximately $1,101,000.

Other large investors have also modified their holdings of the company. HBK Sorce Advisory LLC grew its stake in shares of Yum! Brands by 2.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 2,664 shares of the restaurant operator's stock valued at $357,000 after buying an additional 69 shares during the period. OLD Point Trust & Financial Services N A grew its position in 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 valued at $2,060,000 after acquiring an additional 70 shares during the period. Investment Partners LTD. increased its stake in 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 acquiring an additional 72 shares during the last quarter. Bahl & Gaynor Inc. increased its stake in Yum! Brands by 5.0% during the fourth quarter. Bahl & Gaynor Inc. now owns 1,575 shares of the restaurant operator's stock worth $211,000 after acquiring an additional 75 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC raised its holdings in shares of Yum! Brands by 3.9% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 2,165 shares of the restaurant operator's stock worth $290,000 after purchasing an additional 82 shares during the period. Hedge funds and other institutional investors own 82.37% of the company's stock.

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Insider Activity

In other news, VP David Eric Russell sold 5,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $158.66, for a total transaction of $793,300.00. Following the completion of the transaction, the vice president now owns 11,960 shares in the company, valued at approximately $1,897,573.60. This represents a 29.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David W. Gibbs sold 30,604 shares of Yum! Brands stock in a transaction dated 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 sale, the chief executive officer now owns 160,296 shares in the company, valued at approximately $25,560,800.16. This represents a 16.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,132 shares of company stock valued at $7,952,685. 0.31% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on YUM shares. Robert W. Baird increased their target price on shares of Yum! Brands from $160.00 to $176.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. The Goldman Sachs Group raised their target price on shares of Yum! Brands from $140.00 to $155.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Stifel Nicolaus increased their target price on Yum! Brands from $130.00 to $148.00 and gave the company a "hold" rating in a research note on Friday, February 28th. Citigroup restated a "neutral" rating and issued a $141.00 price target (down previously from $153.00) on shares of Yum! Brands in a report on Friday, January 10th. Finally, TD Securities lifted their price objective on shares of Yum! Brands from $151.00 to $164.00 and gave the company a "hold" rating in a research note on Wednesday, March 5th. 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, Yum! Brands currently has an average rating of "Hold" and a consensus price target of $151.79.

Yum! Brands Trading Up 1.4 %

Yum! Brands stock traded up $2.15 during mid-day trading on Wednesday, reaching $157.95. The company's stock had a trading volume of 517,212 shares, compared to its average volume of 2,144,975. The firm has a market cap of $44.08 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 2.31 and a beta of 1.03. Yum! Brands, Inc. has a twelve month low of $122.13 and a twelve month high of $163.30. The business has a 50 day moving average price of $145.25 and a 200-day moving average price of $138.18.

Yum! Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a $0.71 dividend. 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 yield of 1.80%. The ex-dividend date of this dividend was Friday, February 21st. Yum! Brands's payout ratio is presently 54.41%.

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.