one8zero8 LLC Acquires New Position in Yum! Brands, Inc. (NYSE:YUM)

one8zero8 LLC purchased a new position in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,592 shares of the restaurant operator's stock, valued at approximately $1,153,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in YUM. Kohmann Bosshard Financial Services LLC acquired a new stake in Yum! Brands during the 4th quarter worth about $25,000. Safe Harbor Fiduciary LLC acquired a new stake in Yum! Brands during the 3rd quarter worth about $29,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Yum! Brands during the 4th quarter worth about $33,000. Jackson Grant Investment Advisers Inc. lifted its holdings 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 acquired a new position in shares of Yum! Brands in the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 82.37% of the company's stock.

Yum! Brands Trading Up 0.2 %

NYSE:YUM traded up $0.34 during trading hours on Thursday, hitting $157.85. 1,412,743 shares of the stock were exchanged, compared to its average volume of 1,879,306. Yum! Brands, Inc. has a 52-week low of $122.13 and a 52-week high of $163.30. The firm's fifty day moving average price is $142.72 and its 200 day moving average price is $137.53. The company has a market cap of $44.06 billion, a P/E ratio of 30.24, a P/E/G ratio of 2.31 and a beta of 1.03.

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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 paid a dividend of $0.71 per share. This is a positive change from Yum! Brands's previous quarterly dividend of $0.67. This represents a $2.84 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Friday, February 21st. Yum! Brands's payout ratio is 54.41%.

Insiders Place Their Bets

In other news, CEO David W. Gibbs sold 30,604 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 160,296 shares in the company, valued at $25,560,800.16. This represents a 16.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Tracy L. Skeans sold 8,638 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $158.36, for a total value 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. This trade represents a 74.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 50,132 shares of company stock worth $7,952,685. Corporate insiders own 0.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Morgan Stanley boosted their price objective on Yum! Brands from $146.00 to $150.00 and gave the company an "equal weight" rating in a report on Thursday, March 13th. Sanford C. Bernstein cut Yum! Brands from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $140.00 to $135.00 in a report on Wednesday, January 22nd. Citigroup reissued 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. TD Securities boosted their price objective on Yum! Brands from $151.00 to $164.00 and gave the company a "hold" rating in a report on Wednesday, March 5th. Finally, UBS Group boosted their price objective on Yum! Brands from $156.00 to $165.00 and gave the company a "buy" rating in a report on Friday, February 7th. Fifteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $151.79.

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.