TD Asset Management Inc. Has $258.50 Million Position in Yum! Brands, Inc. (NYSE:YUM)

TD Asset Management Inc. decreased its holdings in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,926,790 shares of the restaurant operator's stock after selling 122,692 shares during the period. TD Asset Management Inc. owned about 0.69% of Yum! Brands worth $258,498,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of YUM. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Yum! Brands during the 4th quarter valued at about $25,000. Safe Harbor Fiduciary LLC bought a new position in shares of Yum! Brands during the third quarter valued at approximately $29,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Yum! Brands during the 4th quarter worth approximately $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 worth $40,000 after purchasing an additional 101 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new position in Yum! Brands during the 3rd quarter valued at approximately $42,000. 82.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Yum! Brands news, insider Erika Burkhardt sold 597 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $159.07, for a total value 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. The trade was a 90.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David W. Gibbs sold 30,604 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was 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 approximately $25,560,800.16. This represents a 16.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,132 shares of company stock valued at $7,952,685. Corporate insiders own 0.31% of the company's stock.

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Yum! Brands Price Performance

NYSE YUM traded down $1.93 on Friday, hitting $155.72. 1,492,564 shares of the company were exchanged, compared to its average volume of 1,953,756. Yum! Brands, Inc. has a twelve month low of $122.13 and a twelve month high of $163.30. The company's 50 day moving average price is $147.14 and its 200-day moving average price is $138.65. The firm has a market capitalization of $43.46 billion, a P/E ratio of 29.83, a price-to-earnings-growth ratio of 2.31 and a beta of 1.03.

Yum! Brands Increases Dividend

The firm also recently declared 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 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 1.82%. Yum! Brands's payout ratio is currently 54.41%.

Analysts Set New Price Targets

A number of research firms have issued reports on YUM. TD Cowen reiterated a "hold" rating and issued a $140.00 target price on shares of Yum! Brands in a research note on Thursday, February 6th. JPMorgan Chase & Co. lifted their price objective on shares of Yum! Brands from $138.00 to $160.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Cowen restated a "hold" rating on shares of Yum! Brands in a research report on Wednesday, March 5th. UBS Group lifted 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. Finally, The Goldman Sachs Group increased their price objective on Yum! Brands from $140.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Fifteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price 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.