575 Shares in Yum! Brands, Inc. (NYSE:YUM) Purchased by IMG Wealth Management Inc.

IMG Wealth Management Inc. acquired a new position in Yum! Brands, Inc. (NYSE:YUM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 575 shares of the restaurant operator’s stock, valued at approximately $77,000.

Several other institutional investors also recently bought and sold shares of the company. Cantillon Capital Management LLC lifted its stake 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 worth $252,272,000 after purchasing an additional 452,339 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Yum! Brands in the 4th quarter worth approximately $59,289,000. Los Angeles Capital Management LLC lifted its stake in 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 worth $58,712,000 after purchasing an additional 255,495 shares in the last quarter. Anchor Capital Advisors LLC purchased a new position in Yum! Brands in the 4th quarter worth approximately $30,098,000. Finally, Amundi lifted its stake in Yum! Brands by 23.8% in the 4th quarter. Amundi now owns 749,895 shares of the restaurant operator’s stock worth $95,792,000 after purchasing an additional 144,406 shares in the last quarter. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Yum! Brands Stock Up 1.1 %

NYSE:YUM opened at $155.09 on Monday. The company has a fifty day simple moving average of $141.01 and a two-hundred day simple moving average of $137.08. The company has a market cap of $43.29 billion, a price-to-earnings ratio of 29.71, a price-to-earnings-growth ratio of 2.31 and a beta of 1.03. Yum! Brands, Inc. has a 52 week low of $122.13 and a 52 week high of $163.30.

Yum! Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a $0.71 dividend. This is an increase from Yum! Brands’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.84 annualized dividend and a dividend yield of 1.83%. Yum! Brands’s payout ratio is 54.41%.

Wall Street Analysts Forecast Growth

YUM has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of Yum! Brands from $146.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Thursday. The Goldman Sachs Group lifted their price target on shares of Yum! Brands from $140.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Cowen reaffirmed a “hold” rating on shares of Yum! Brands in a research report on Wednesday, March 5th. Citigroup reaffirmed a “neutral” rating and set a $141.00 price target (down previously from $153.00) on shares of Yum! Brands in a research report on Friday, January 10th. Finally, Wells Fargo & Company lifted their price target on shares of Yum! Brands from $145.00 to $160.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 5th. Fifteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $150.95.

Insiders Place Their Bets

In related news, insider Erika Burkhardt sold 597 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $159.07, for a total transaction of $94,964.79. Following the completion of the transaction, the insider now owns 64 shares in the company, valued at approximately $10,180.48. The trade was a 90.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP David Eric Russell sold 5,000 shares of the business’s 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 44,839 shares of company stock worth $7,136,292 over the last 90 days. Corporate insiders own 0.31% of the company’s stock.

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.