Sei Investments Co. Has $24.57 Million Holdings in Yum! Brands, Inc. (NYSE:YUM)

Sei Investments Co. grew its stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 24.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 183,121 shares of the restaurant operator's stock after purchasing an additional 36,293 shares during the period. Sei Investments Co. owned about 0.07% of Yum! Brands worth $24,567,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cantillon Capital Management LLC lifted its stake in Yum! Brands by 31.7% during the fourth quarter. Cantillon Capital Management LLC now owns 1,880,379 shares of the restaurant operator's stock valued at $252,272,000 after buying an additional 452,339 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Yum! Brands in the 4th quarter valued at approximately $59,289,000. Los Angeles Capital Management LLC boosted its stake in Yum! Brands by 140.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 437,625 shares of the restaurant operator's stock worth $58,712,000 after purchasing an additional 255,495 shares during the period. Anchor Capital Advisors LLC purchased a new position in Yum! Brands during the 4th quarter worth approximately $30,098,000. Finally, Amundi raised its stake in Yum! Brands by 23.8% during the 4th quarter. Amundi now owns 749,895 shares of the restaurant operator's stock valued at $95,792,000 after purchasing an additional 144,406 shares during the period. Institutional investors and hedge funds own 82.37% of the company's stock.

Insiders Place Their Bets

In other news, VP David Eric Russell sold 5,000 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $158.66, for a total value of $793,300.00. Following the completion of the sale, the vice president now directly owns 11,960 shares in the company, valued at approximately $1,897,573.60. The trade was a 29.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David W. Gibbs sold 5,293 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $154.24, for a total transaction of $816,392.32. Following the completion of the transaction, the chief executive officer now owns 157,893 shares in the company, valued at $24,353,416.32. The trade was a 3.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,132 shares of company stock valued at $7,952,685 over the last 90 days. 0.31% of the stock is currently owned by company insiders.

Remove Ads

Yum! Brands Trading Down 1.2 %

NYSE YUM traded down $1.93 during trading on Friday, hitting $155.72. 1,492,564 shares of the company traded hands, compared to its average volume of 1,953,756. Yum! Brands, Inc. has a 12 month low of $122.13 and a 12 month high of $163.30. The business has a fifty day simple moving average of $147.14 and a 200 day simple moving average of $138.69. The company has a market capitalization of $43.46 billion, a P/E ratio of 29.83, a PEG ratio of 2.31 and a beta of 1.03.

Yum! Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a $0.71 dividend. 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 1.82%. The ex-dividend date of this dividend was Friday, February 21st. Yum! Brands's payout ratio is 54.41%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Robert W. Baird raised their target price on Yum! Brands from $160.00 to $176.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Barclays raised their price objective on Yum! Brands from $162.00 to $165.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. UBS Group upped their target price on Yum! Brands from $156.00 to $165.00 and gave the company a "buy" rating in a report on Friday, February 7th. Sanford C. Bernstein cut shares of Yum! Brands from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $140.00 to $135.00 in a report on Wednesday, January 22nd. Finally, TD Cowen reiterated a "hold" rating and issued a $140.00 price objective on shares of Yum! Brands in a research note on Thursday, February 6th. Fifteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $151.79.

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.