Yum! Brands, Inc. (NYSE:YUM) Holdings Decreased by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 86.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 190,158 shares of the restaurant operator's stock after selling 1,240,842 shares during the period. Victory Capital Management Inc. owned approximately 0.07% of Yum! Brands worth $25,512,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cantillon Capital Management LLC raised its stake in shares of Yum! Brands by 31.7% during the 4th quarter. Cantillon Capital Management LLC now owns 1,880,379 shares of the restaurant operator's stock worth $252,272,000 after buying an additional 452,339 shares in the last quarter. Los Angeles Capital Management LLC raised its position in Yum! Brands by 140.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 437,625 shares of the restaurant operator's stock worth $58,712,000 after acquiring an additional 255,495 shares in the last quarter. Anchor Capital Advisors LLC acquired a new stake in Yum! Brands in the fourth quarter valued at $30,098,000. Geode Capital Management LLC boosted its position in shares of Yum! Brands by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 7,441,170 shares of the restaurant operator's stock worth $1,038,775,000 after purchasing an additional 111,147 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Yum! Brands during the 4th quarter worth $14,403,000. Institutional investors and hedge funds own 82.37% of the company's stock.

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Insider Activity at Yum! Brands

In other news, CEO David W. Gibbs sold 3,815 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $137.06, for a total transaction of $522,883.90. Following the sale, the chief executive officer now directly owns 149,385 shares in the company, valued at approximately $20,474,708.10. This represents a 2.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David Eric Russell sold 5,000 shares of the business's stock in a transaction that occurred 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 transaction, the vice president now owns 11,960 shares of the company's stock, valued at $1,897,573.60. This represents a 29.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,654 shares of company stock worth $7,659,176. 0.31% of the stock is currently owned by company insiders.

Yum! Brands Stock Down 1.4 %

Shares of YUM stock traded down $2.23 on Wednesday, reaching $154.47. 629,754 shares of the stock were exchanged, compared to its average volume of 1,910,995. The firm has a 50 day moving average of $139.78 and a two-hundred day moving average of $136.67. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30. The stock has a market cap of $43.11 billion, a P/E ratio of 29.60, a price-to-earnings-growth 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. Stockholders of record on Friday, February 21st were given a $0.71 dividend. This is an increase from Yum! Brands's previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.84 annualized dividend and a dividend yield of 1.84%. Yum! Brands's dividend payout ratio is presently 54.41%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on YUM shares. 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. TD Securities upped their price target on Yum! Brands from $151.00 to $164.00 and gave the stock a "hold" rating in a report on Wednesday, March 5th. Morgan Stanley reaffirmed an "equal weight" rating and set a $140.00 price objective (down from $158.00) on shares of Yum! Brands in a report on Tuesday, January 21st. Robert W. Baird upped their target price on Yum! Brands from $160.00 to $176.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Finally, The Goldman Sachs Group raised their price target on Yum! Brands from $140.00 to $155.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Fifteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $150.42.

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.