UniSuper Management Pty Ltd Has $3.33 Million Position in Yum! Brands, Inc. (NYSE:YUM)

UniSuper Management Pty Ltd trimmed its position in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 71.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 24,845 shares of the restaurant operator's stock after selling 62,308 shares during the period. UniSuper Management Pty Ltd's holdings in Yum! Brands were worth $3,333,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in YUM. Bank of New York Mellon Corp grew its holdings in Yum! Brands by 4.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,355,367 shares of the restaurant operator's stock worth $315,996,000 after acquiring an additional 94,026 shares during the period. Toronto Dominion Bank increased its stake in shares of Yum! Brands by 15.5% in the 3rd quarter. Toronto Dominion Bank now owns 127,446 shares of the restaurant operator's stock valued at $17,805,000 after acquiring an additional 17,133 shares during the last quarter. Cantillon Capital Management LLC raised its position in shares of Yum! Brands by 31.7% in the 4th quarter. Cantillon Capital Management LLC now owns 1,880,379 shares of the restaurant operator's stock valued at $252,272,000 after acquiring an additional 452,339 shares during the period. DJE Kapital AG bought a new position in Yum! Brands during the 4th quarter worth approximately $3,306,000. Finally, Forsta AP Fonden boosted its position in shares of Yum! Brands by 5.3% during the fourth quarter. Forsta AP Fonden now owns 110,500 shares of the restaurant operator's stock worth $14,825,000 after purchasing an additional 5,600 shares in the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

YUM has been the subject of several recent analyst reports. Stifel Nicolaus increased their price target on Yum! Brands from $130.00 to $148.00 and gave the stock a "hold" rating in a report on Friday, February 28th. UBS Group increased their price objective on shares of Yum! Brands from $156.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Sanford C. Bernstein cut Yum! Brands from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $140.00 to $135.00 in a report on Wednesday, January 22nd. Wells Fargo & Company boosted their price target on Yum! Brands from $145.00 to $160.00 and gave the company an "equal weight" rating in a report on Wednesday, March 5th. Finally, Barclays lifted their target price on Yum! Brands from $162.00 to $165.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Fifteen equities research 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, the stock currently has an average rating of "Hold" and a consensus target price of $151.79.

Yum! Brands Trading Down 0.5 %

Shares of NYSE:YUM traded down $0.83 on Wednesday, hitting $158.09. The company had a trading volume of 762,808 shares, compared to its average volume of 1,952,949. The stock has a market cap of $44.12 billion, a price-to-earnings ratio of 30.29, a P/E/G ratio of 2.31 and a beta of 1.03. The stock has a 50 day moving average price of $148.44 and a 200 day moving average price of $139.03. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30.

Yum! Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Friday, February 21st. This is a boost from Yum! Brands's previous quarterly dividend of $0.67. Yum! Brands's payout ratio is currently 54.41%.

Insider Buying and Selling at Yum! Brands

In related news, CEO David W. Gibbs sold 30,604 shares of the firm's 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 transaction, the chief executive officer now directly owns 160,296 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Erika Burkhardt sold 597 shares of Yum! Brands stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $159.07, for a total transaction of $94,964.79. Following the completion of the sale, the insider now owns 64 shares of the company's stock, valued at $10,180.48. This trade represents a 90.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,132 shares of company stock valued at $7,952,685 in the last ninety days. 0.31% of the stock is currently owned by corporate insiders.

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.