Yum! Brands, Inc. (NYSE:YUM) Shares Sold by TD Asset Management Inc.

TD Asset Management Inc. trimmed its holdings in Yum! Brands, Inc. (NYSE:YUM) by 6.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,926,790 shares of the restaurant operator’s stock after selling 122,692 shares during the quarter. TD Asset Management Inc. owned approximately 0.69% of Yum! Brands worth $258,498,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its holdings in shares of Yum! Brands by 10.5% in the third quarter. Thrivent Financial for Lutherans now owns 13,000 shares of the restaurant operator’s stock valued at $1,817,000 after buying an additional 1,234 shares during the last quarter. Icon Wealth Advisors LLC increased its position in Yum! Brands by 12.8% in the 3rd quarter. Icon Wealth Advisors LLC now owns 1,142 shares of the restaurant operator’s stock valued at $160,000 after acquiring an additional 130 shares during the period. Cerity Partners LLC raised its stake in Yum! Brands by 11.4% during the 3rd quarter. Cerity Partners LLC now owns 109,928 shares of the restaurant operator’s stock valued at $15,358,000 after acquiring an additional 11,207 shares during the last quarter. Swedbank AB lifted its position in Yum! Brands by 0.5% during the 3rd quarter. Swedbank AB now owns 153,431 shares of the restaurant operator’s stock worth $21,436,000 after acquiring an additional 736 shares during the period. Finally, Larson Financial Group LLC grew its stake in shares of Yum! Brands by 43.9% in the 3rd quarter. Larson Financial Group LLC now owns 4,782 shares of the restaurant operator’s stock valued at $668,000 after purchasing an additional 1,458 shares during the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Cowen restated a “hold” rating on shares of Yum! Brands in a research note on Wednesday, March 5th. TD Securities upped their price objective on shares of Yum! Brands from $151.00 to $164.00 and gave the stock a “hold” rating in a research report on Wednesday, March 5th. Morgan Stanley lifted their target price on shares of Yum! Brands from $146.00 to $150.00 and gave the company an “equal weight” rating in a report on Thursday, March 13th. Citigroup reiterated a “neutral” rating and set a $141.00 price target (down from $153.00) on shares of Yum! Brands in a research note on Friday, January 10th. Finally, Sanford C. Bernstein downgraded shares of Yum! Brands from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $140.00 to $135.00 in a research report on Wednesday, January 22nd. Fifteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Yum! Brands has an average rating of “Hold” and an average price target of $151.79.

Yum! Brands Stock Down 0.6 %

Shares of YUM stock opened at $155.82 on Tuesday. The stock has a market cap of $43.49 billion, a P/E ratio of 29.85, a P/E/G ratio of 2.31 and a beta of 1.03. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $163.30. The business has a fifty day simple moving average of $144.62 and a 200-day simple moving average of $138.03.

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 given a dividend of $0.71 per share. 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 1.82%. This is a boost from Yum! Brands’s previous quarterly dividend of $0.67. Yum! Brands’s payout ratio is presently 54.41%.

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, VP David Eric Russell sold 5,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was 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 in the company, valued at approximately $1,897,573.60. This represents a 29.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David W. Gibbs sold 30,604 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $159.46, for a total value of $4,880,113.84. Following the transaction, the chief executive officer now directly owns 160,296 shares of the company’s stock, valued at $25,560,800.16. The trade was a 16.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,132 shares of company stock valued at $7,952,685 over the last quarter. Corporate insiders own 0.31% of the company’s stock.

Yum! Brands 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.