Yum! Brands, Inc. (NYSE:YUM) Shares Bought by MGO One Seven LLC

MGO One Seven LLC boosted its position in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 71.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,707 shares of the restaurant operator's stock after buying an additional 4,472 shares during the period. MGO One Seven LLC's holdings in Yum! Brands were worth $1,436,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in shares of Yum! Brands by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 7,604,632 shares of the restaurant operator's stock worth $1,021,194,000 after purchasing an additional 163,462 shares during the last quarter. Norges Bank acquired a new stake in Yum! Brands during the 4th quarter worth about $418,692,000. FMR LLC raised its stake in shares of Yum! Brands by 1.0% during the 4th quarter. FMR LLC now owns 2,521,583 shares of the restaurant operator's stock valued at $338,296,000 after buying an additional 24,681 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Yum! Brands by 4.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,355,367 shares of the restaurant operator's stock valued at $315,996,000 after buying an additional 94,026 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Yum! Brands by 12.0% in the fourth quarter. Invesco Ltd. now owns 2,284,171 shares of the restaurant operator's stock worth $306,444,000 after buying an additional 244,264 shares during the last quarter. Institutional investors and hedge funds own 82.37% of the company's stock.

Insider Buying and Selling at Yum! Brands

In related news, CEO David W. Gibbs sold 30,604 shares of Yum! Brands stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $159.46, for a total value of $4,880,113.84. Following the completion of the transaction, the chief executive officer now directly owns 160,296 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. Also, COO Tracy L. Skeans sold 8,638 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $158.36, for a total value of $1,367,913.68. Following the sale, the chief operating officer now owns 2,970 shares in the company, valued at approximately $470,329.20. This trade represents a 74.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,271 shares of company stock valued at $8,706,576 in the last 90 days. Company insiders own 0.33% of the company's stock.

Yum! Brands Stock Up 0.4 %

NYSE:YUM traded up $0.54 on Monday, reaching $147.84. 2,218,780 shares of the company's stock were exchanged, compared to its average volume of 2,024,884. The firm has a market capitalization of $41.26 billion, a price-to-earnings ratio of 28.32, a price-to-earnings-growth 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. The business has a fifty day moving average of $151.95 and a 200-day moving average of $140.66.

Yum! Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a dividend of $0.71 per share. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from Yum! Brands's previous quarterly dividend of $0.67. This represents a $2.84 dividend on an annualized basis and a yield of 1.92%. Yum! Brands's dividend payout ratio is 54.41%.

Wall Street Analysts Forecast Growth

YUM has been the subject of a number of analyst reports. UBS Group boosted 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. Oppenheimer reiterated an "outperform" rating and issued a $185.00 target price on shares of Yum! Brands in a research note on Monday. Sanford C. Bernstein lowered shares of Yum! Brands from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $140.00 to $135.00 in a research report on Wednesday, January 22nd. TD Cowen reiterated a "hold" rating and issued a $140.00 price objective on shares of Yum! Brands in a research report on Thursday, February 6th. Finally, Guggenheim raised their target price on Yum! Brands from $155.00 to $165.00 and gave the company a "buy" rating in a research report on Tuesday, April 8th. Sixteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $153.81.

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.