Yum! Brands, Inc. (NYSE:YUM) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lessened its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,293 shares of the restaurant operator’s stock after selling 207 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Yum! Brands were worth $1,381,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Cantillon Capital Management LLC boosted its position in Yum! Brands by 31.7% in 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 buying an additional 452,339 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Yum! Brands during the 4th quarter valued at approximately $59,289,000. Los Angeles Capital Management LLC boosted its holdings in shares of Yum! Brands by 140.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 437,625 shares of the restaurant operator’s stock valued at $58,712,000 after acquiring an additional 255,495 shares during the last quarter. Anchor Capital Advisors LLC acquired a new stake in shares of Yum! Brands in the fourth quarter worth $30,098,000. Finally, Amundi raised its holdings in shares of Yum! Brands by 23.8% during the fourth quarter. Amundi now owns 749,895 shares of the restaurant operator’s stock worth $95,792,000 after purchasing an additional 144,406 shares during the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.

Yum! Brands Stock Performance

NYSE YUM opened at $156.75 on Friday. The business has a fifty day moving average price of $143.99 and a 200 day moving average price of $137.82. The company has a market cap of $43.75 billion, a P/E ratio of 30.03, a P/E/G ratio of 2.31 and a beta of 1.03. Yum! Brands, Inc. has a one year low of $122.13 and a one year high of $163.30.

Yum! Brands Increases Dividend

The firm 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 represents a $2.84 dividend on an annualized basis and a dividend yield of 1.81%. This is a boost from Yum! Brands’s previous quarterly dividend of $0.67. The ex-dividend date was Friday, February 21st. Yum! Brands’s dividend payout ratio is 54.41%.

Wall Street Analysts Forecast Growth

YUM has been the topic of several analyst reports. Barclays increased their price target on Yum! Brands from $162.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. TD Securities raised their target price on Yum! Brands from $151.00 to $164.00 and gave the stock a “hold” rating in a report on Wednesday, March 5th. Robert W. Baird boosted their price target on Yum! Brands from $160.00 to $176.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Wells Fargo & Company raised their price objective on shares of Yum! Brands from $145.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 5th. Finally, Oppenheimer lifted their target price 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. Fifteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $151.79.

Insider Transactions at Yum! Brands

In related news, insider Erika Burkhardt sold 597 shares of Yum! Brands stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $159.07, for a total transaction of $94,964.79. Following the transaction, the insider now owns 64 shares in the company, valued at approximately $10,180.48. This trade represents a 90.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David W. Gibbs sold 5,293 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $154.24, for a total value of $816,392.32. Following the transaction, the chief executive officer now directly owns 157,893 shares in the company, valued at $24,353,416.32. This trade represents a 3.24 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,132 shares of company stock valued at $7,952,685. Corporate insiders own 0.31% of the company’s stock.

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.