[BUG] Issue with pkg.installed: version: '>=x.y.z'

Description of Issue

Issue on how salt.sls is implementing an equivalent of yum install 'foo >= 3.0.0-5' through the use of pkg.installed.

I have an rpm version >=3.0.0-5 on a minion. The salt state fails to recognize the existence of a new rpm.

Setup

(Please provide relevant configs and/or SLS files (Be sure to remove sensitive info).)

I tried 2 different versions of salt.sls on my master. As shown in this documentation page

Implementation 1:

'Install foo rpm':
  pkg.installed:
    - name: foo
    - version: '>=3.0.0-5'
    - require:
      - yum-make-cache

Implementation 2:

'Install foo rpm':
  pkg.installed:
    - pkgs:
      - foo: '>=3.0.0-5'
    - require:
      - yum-make-cache

Steps to Reproduce Issue

(Include debug logs if possible and relevant.)

To further debug this issue, I ran the salt-call with the debug flag on the minion and noticed this is what salt is implementing in the backend.

[ERROR   ] Command '['systemd-run', '--scope', 'yum', '-y', 'install', 'foo->=3.0.0-5']' failed with return code: 1
[ERROR   ] stdout: Running scope as unit run-32398.scope.
Loaded plugins: fastestmirror
Loading mirror speeds from cached hostfile
 * redacted-repo-name1: redacted-ip:port1
 * redacted-repo-name2: redacted-ip:port2
No package foo->=3.0.0-5 available.
Error: Nothing to do
[ERROR   ] retcode: 1

Upon running the yum install foo->=3.0.0-5 as a linux command, it also expectedly fails, which leads me to suspect if that should be changed to yum install 'foo >= 3.0.0-5'.

Versions Report

(Provided by running salt --versions-report. Please also mention any differences in master/minion versions.)

Master version: salt 3002.5
Minion version: salt 2019.2.4 (Fluorine)

Update:
OS info: CentOS 7

NAME="CentOS Linux"
VERSION="7 (Core)"
ID="centos"
ID_LIKE="rhel fedora"
VERSION_ID="7"
PRETTY_NAME="CentOS Linux 7 (Core)"
ANSI_COLOR="0;31"
CPE_NAME="cpe:/o:centos:centos:7"
HOME_URL="https://www.centos.org/"
BUG_REPORT_URL="https://bugs.centos.org/"

CENTOS_MANTISBT_PROJECT="CentOS-7"
CENTOS_MANTISBT_PROJECT_VERSION="7"
REDHAT_SUPPORT_PRODUCT="centos"
REDHAT_SUPPORT_PRODUCT_VERSION="7"

Start with the pkg.installed entry point and the yum backend, comparing the two SLS forms with the debug command shown in the issue. Reproduce the version constraint on CentOS 7 and verify that the resulting package-install behavior matches yum's expected syntax; the issue does not name specific files or tests.