PNC Financial Services Group Inc. Sells 3,238 Shares of Yum! Brands, Inc. $YUM

PNC Financial Services Group Inc. reduced its stake in Yum! Brands, Inc. (NYSE:YUM) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 252,696 shares of the restaurant operator’s stock after selling 3,238 shares during the period. PNC Financial Services Group Inc. owned approximately 0.09% of Yum! Brands worth $37,444,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Forsta AP Fonden boosted its stake in Yum! Brands by 2.8% in the 2nd quarter. Forsta AP Fonden now owns 54,700 shares of the restaurant operator’s stock worth $8,105,000 after purchasing an additional 1,500 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in Yum! Brands by 0.9% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 200,489 shares of the restaurant operator’s stock valued at $29,708,000 after purchasing an additional 1,707 shares in the last quarter. National Pension Service lifted its stake in shares of Yum! Brands by 0.8% in the second quarter. National Pension Service now owns 419,784 shares of the restaurant operator’s stock worth $62,204,000 after buying an additional 3,213 shares in the last quarter. Cascade Financial Partners LLC lifted its stake in shares of Yum! Brands by 9.3% in the second quarter. Cascade Financial Partners LLC now owns 1,763 shares of the restaurant operator’s stock worth $261,000 after buying an additional 150 shares in the last quarter. Finally, Blackston Financial Advisory Group LLC grew its holdings in shares of Yum! Brands by 5.2% during the second quarter. Blackston Financial Advisory Group LLC now owns 3,765 shares of the restaurant operator’s stock valued at $558,000 after buying an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Yum! Brands Price Performance

NYSE YUM opened at $149.55 on Friday. The stock has a market capitalization of $41.52 billion, a price-to-earnings ratio of 29.50, a PEG ratio of 2.08 and a beta of 0.73. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30. The business’s fifty day moving average price is $146.83 and its 200-day moving average price is $146.32.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $1.58 EPS for the quarter, topping the consensus estimate of $1.46 by $0.12. Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%.The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the company posted $1.37 earnings per share. Yum! Brands’s revenue was up 8.4% compared to the same quarter last year. Equities research analysts anticipate that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.71 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.84 annualized dividend and a dividend yield of 1.9%. Yum! Brands’s dividend payout ratio is presently 55.36%.

Analysts Set New Price Targets

YUM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Yum! Brands from $162.00 to $160.00 and set an “overweight” rating for the company in a report on Wednesday, August 6th. BMO Capital Markets lifted their target price on Yum! Brands from $150.00 to $155.00 and gave the stock a “market perform” rating in a report on Wednesday, November 5th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $177.00 price target on shares of Yum! Brands in a report on Wednesday, November 5th. Guggenheim dropped their price objective on Yum! Brands from $167.00 to $160.00 and set a “buy” rating on the stock in a research report on Tuesday, October 28th. Finally, Gordon Haskett upgraded Yum! Brands to a “hold” rating in a report on Wednesday, November 5th. Twelve analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, Yum! Brands presently has a consensus rating of “Moderate Buy” and an average price target of $166.29.

Insider Buying and Selling at Yum! Brands

In other news, CEO Aaron Powell sold 2,790 shares of the stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $150.48, for a total value of $419,839.20. Following the transaction, the chief executive officer owned 26,650 shares in the company, valued at $4,010,292. This represents a 9.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David W. Gibbs sold 7,176 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $149.80, for a total transaction of $1,074,964.80. Following the sale, the chief executive officer owned 102,893 shares of the company’s stock, valued at $15,413,371.40. This trade represents a 6.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 13,538 shares of company stock worth $2,029,594 over the last 90 days. 0.33% of the stock is owned by company insiders.

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.