Yum! Brands, Inc. (NYSE:YUM) Shares Purchased by Fmr LLC

FMR LLC lifted its stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,521,583 shares of the restaurant operator's stock after acquiring an additional 24,681 shares during the quarter. FMR LLC owned approximately 0.90% of Yum! Brands worth $338,296,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in YUM. Geode Capital Management LLC increased its stake in shares of Yum! Brands by 2.2% in 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 in the last quarter. Norges Bank bought a new position in Yum! Brands in the 4th quarter worth $418,692,000. Bank of New York Mellon Corp boosted its holdings in 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 worth $315,996,000 after buying an additional 94,026 shares during the period. Magellan Asset Management Ltd increased its stake in Yum! Brands by 6.2% in the 4th quarter. Magellan Asset Management Ltd now owns 2,064,738 shares of the restaurant operator's stock worth $277,005,000 after buying an additional 120,434 shares in the last quarter. Finally, Cantillon Capital Management LLC raised its holdings 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 acquiring an additional 452,339 shares during the period. 82.37% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms recently issued reports on YUM. JPMorgan Chase & Co. increased their target price on Yum! Brands from $138.00 to $160.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Cowen reaffirmed a "hold" rating on shares of Yum! Brands in a report on Wednesday, March 5th. Wells Fargo & Company boosted their target price on shares of Yum! Brands from $145.00 to $160.00 and gave the stock an "equal weight" rating in a 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. Finally, Oppenheimer boosted their price target on shares of Yum! Brands from $154.00 to $160.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Sixteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $152.24.

Yum! Brands Trading Up 0.7 %

Shares of NYSE YUM traded up $1.01 during trading hours on Monday, reaching $146.01. The stock had a trading volume of 3,431,991 shares, compared to its average volume of 2,022,930. The business's fifty day moving average price is $152.06 and its two-hundred day moving average price is $140.04. The firm has a market cap of $40.75 billion, a price-to-earnings ratio of 27.97, a P/E/G 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.

Yum! Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were given a dividend of $0.71 per share. This is an increase from Yum! Brands's previous quarterly dividend of $0.67. The ex-dividend date was Friday, February 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.95%. Yum! Brands's dividend payout ratio is presently 54.41%.

Insider Activity at Yum! Brands

In other news, insider Erika Burkhardt sold 597 shares of Yum! Brands stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $159.07, for a total value of $94,964.79. Following the transaction, the insider now owns 64 shares of the company's stock, valued at $10,180.48. The trade was a 90.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David W. Gibbs sold 30,604 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 160,296 shares of the company's stock, valued at $25,560,800.16. The trade was a 16.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,132 shares of company stock worth $7,952,685 over the last three months. 0.31% of the stock is owned by corporate insiders.

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.