Yum! Brands, Inc. (NYSE:YUM) Shares Bought by APG Asset Management N.V.

APG Asset Management N.V. grew its holdings in Yum! Brands, Inc. (NYSE:YUM) by 351.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 283,100 shares of the restaurant operator’s stock after buying an additional 220,400 shares during the period. APG Asset Management N.V.’s holdings in Yum! Brands were worth $36,679,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of YUM. HBK Sorce Advisory LLC lifted its position in shares of Yum! Brands by 2.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 2,664 shares of the restaurant operator’s stock worth $357,000 after buying an additional 69 shares during the last quarter. OLD Point Trust & Financial Services N A raised its stake in Yum! Brands by 0.5% during the 4th quarter. OLD Point Trust & Financial Services N A now owns 15,357 shares of the restaurant operator’s stock worth $2,060,000 after acquiring an additional 70 shares in the last quarter. Investment Partners LTD. lifted its position in Yum! Brands by 2.3% in the fourth quarter. Investment Partners LTD. now owns 3,231 shares of the restaurant operator’s stock valued at $433,000 after acquiring an additional 72 shares during the last quarter. Bahl & Gaynor Inc. boosted its stake in Yum! Brands by 5.0% in the fourth quarter. Bahl & Gaynor Inc. now owns 1,575 shares of the restaurant operator’s stock valued at $211,000 after acquiring an additional 75 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC boosted its stake in Yum! Brands by 3.9% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 2,165 shares of the restaurant operator’s stock valued at $290,000 after acquiring an additional 82 shares in the last quarter. 82.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. UBS Group lifted their target price on Yum! Brands from $156.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. TD Cowen reaffirmed a “hold” rating and set a $140.00 price target on shares of Yum! Brands in a research report on Thursday, February 6th. Argus raised Yum! Brands from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Tuesday, December 31st. Guggenheim raised their target price on shares of Yum! Brands from $155.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Piper Sandler upped their price target on shares of Yum! Brands from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, April 3rd. Sixteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $152.24.

Yum! Brands Trading Down 2.5 %

Shares of YUM stock opened at $141.32 on Wednesday. The stock has a 50 day simple moving average of $150.91 and a 200-day simple moving average of $139.71. The company has a market cap of $39.44 billion, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 2.31 and a beta of 0.90. Yum! Brands, Inc. has a 12-month low of $122.13 and a 12-month high of $163.30.

Yum! Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a $0.71 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.84 dividend on an annualized basis and a yield of 2.01%. This is an increase from Yum! Brands’s previous quarterly dividend of $0.67. Yum! Brands’s dividend payout ratio (DPR) is 54.41%.

Insiders Place Their Bets

In other Yum! Brands news, CEO David W. Gibbs sold 30,604 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 160,296 shares in the company, valued at approximately $25,560,800.16. This represents a 16.03 % 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, VP David Eric Russell sold 5,000 shares of Yum! Brands stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $158.66, for a total transaction of $793,300.00. Following the sale, the vice president now owns 11,960 shares of the company’s stock, valued at approximately $1,897,573.60. The trade was a 29.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,132 shares of company stock worth $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.