Zurcher Kantonalbank Zurich Cantonalbank Sells 19,801 Shares of Yum! Brands, Inc. (NYSE:YUM)

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 16.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,158 shares of the restaurant operator's stock after selling 19,801 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Yum! Brands were worth $13,169,000 at the end of the most recent quarter.

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

Insider Activity at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 3,815 shares of Yum! Brands stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $137.06, for a total transaction of $522,883.90. Following the completion of the sale, the chief executive officer now owns 149,385 shares of the company's stock, valued at $20,474,708.10. The trade was a 2.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP David Eric Russell sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 of the company's stock, valued at approximately $1,897,573.60. This represents a 29.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,654 shares of company stock valued at $7,659,176 over the last three months. 0.31% of the stock is owned by corporate insiders.

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Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Morgan Stanley increased their target price on Yum! Brands from $146.00 to $150.00 and gave the stock an "equal weight" rating in a report on Thursday. Oppenheimer lifted their price objective on shares of Yum! Brands from $154.00 to $160.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Citigroup restated a "neutral" rating and issued a $141.00 target price (down previously from $153.00) on shares of Yum! Brands in a report on Friday, January 10th. Wells Fargo & Company lifted their price target on Yum! Brands from $145.00 to $160.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 5th. Finally, UBS Group increased their price objective on Yum! Brands from $156.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Fifteen equities 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 $150.95.

Yum! Brands Trading Down 0.6 %

Shares of Yum! Brands stock traded down $0.90 during trading on Thursday, hitting $153.50. The stock had a trading volume of 1,631,344 shares, compared to its average volume of 1,909,622. Yum! Brands, Inc. has a 12 month low of $122.13 and a 12 month high of $163.30. The firm has a market cap of $42.84 billion, a price-to-earnings ratio of 29.41, a P/E/G ratio of 2.31 and a beta of 1.03. The business's 50-day moving average is $140.58 and its 200 day moving average is $136.91.

Yum! Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.85%. This is a boost from Yum! Brands's previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Friday, February 21st. Yum! Brands's dividend payout ratio is 54.41%.

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.