Amundi Pioneer Asset Management Inc. raised its holdings in Yum! Brands, Inc. (NYSE:YUM) by 10.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,244,895 shares of the restaurant operator’s stock after acquiring an additional 117,935 shares during the quarter. Amundi Pioneer Asset Management Inc.’s holdings in Yum! Brands were worth $114,430,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Legacy Financial Advisors Inc. boosted its position in Yum! Brands by 5.7% in the 4th quarter. Legacy Financial Advisors Inc. now owns 2,174 shares of the restaurant operator’s stock valued at $200,000 after buying an additional 117 shares during the period. Stock Yards Bank & Trust Co. lifted its position in shares of Yum! Brands by 0.6% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 20,202 shares of the restaurant operator’s stock worth $1,857,000 after purchasing an additional 120 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in shares of Yum! Brands by 4.1% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 3,715 shares of the restaurant operator’s stock worth $341,000 after purchasing an additional 145 shares during the last quarter. Park National Corp OH lifted its position in shares of Yum! Brands by 3.3% during the 4th quarter. Park National Corp OH now owns 4,677 shares of the restaurant operator’s stock worth $430,000 after purchasing an additional 151 shares during the last quarter. Finally, Stephens Inc. AR lifted its position in shares of Yum! Brands by 0.3% during the 4th quarter. Stephens Inc. AR now owns 56,355 shares of the restaurant operator’s stock worth $5,180,000 after purchasing an additional 154 shares during the last quarter. 73.75% of the stock is owned by institutional investors.

In related news, CFO David W. Gibbs sold 6,410 shares of Yum! Brands stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $89.93, for a total transaction of $576,451.30. Following the sale, the chief financial officer now directly owns 47,689 shares in the company, valued at approximately $4,288,671.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Anthony Lowings sold 2,889 shares of Yum! Brands stock in a transaction on Tuesday, January 15th. The stock was sold at an average price of $89.93, for a total transaction of $259,807.77. Following the sale, the chief executive officer now owns 36,497 shares in the company, valued at $3,282,175.21. The disclosure for this sale can be found here. Insiders have sold a total of 105,153 shares of company stock worth $9,912,697 over the last quarter. 0.63% of the stock is owned by company insiders.

Shares of NYSE:YUM opened at $98.57 on Thursday. Yum! Brands, Inc. has a 12 month low of $77.09 and a 12 month high of $101.39. The firm has a market cap of $30.71 billion, a P/E ratio of 31.09, a P/E/G ratio of 2.07 and a beta of 0.55.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Thursday, February 7th. The restaurant operator reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.57). Yum! Brands had a negative return on equity of 14.19% and a net margin of 27.11%. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the business earned $0.96 earnings per share. Yum! Brands’s revenue was down 1.2% compared to the same quarter last year. Analysts predict that Yum! Brands, Inc. will post 3.8 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Thursday, February 14th were paid a dividend of $0.42 per share. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.36. This represents a $1.68 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Wednesday, February 13th. Yum! Brands’s dividend payout ratio (DPR) is currently 53.00%.

YUM has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Saturday, January 12th. Cowen reaffirmed a “buy” rating and set a $100.00 price objective on shares of Yum! Brands in a research report on Sunday, December 2nd. Goldman Sachs Group cut shares of Yum! Brands from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $83.00 to $76.00 in a research report on Friday, January 11th. JPMorgan Chase & Co. cut shares of Yum! Brands from an “overweight” rating to a “neutral” rating and set a $94.00 price objective for the company. in a research report on Tuesday. Finally, BMO Capital Markets lifted their price objective on shares of Yum! Brands to $100.00 and gave the stock a “market perform” rating in a research report on Friday, February 8th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $93.64.

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About Yum! Brands

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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