M&T Bank Corp Lowers Stake in Yum! Brands, Inc. (NYSE:YUM)

M&T Bank Corp cut its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 2.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,401 shares of the restaurant operator’s stock after selling 1,844 shares during the quarter. M&T Bank Corp’s holdings in Yum! Brands were worth $7,510,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Guggenheim Capital LLC increased its position in Yum! Brands by 62.0% during the 4th quarter. Guggenheim Capital LLC now owns 87,185 shares of the restaurant operator’s stock worth $8,782,000 after purchasing an additional 33,377 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of Yum! Brands by 0.9% in the fourth quarter. Sunbelt Securities Inc. now owns 14,409 shares of the restaurant operator’s stock worth $1,451,000 after acquiring an additional 131 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Yum! Brands in the 4th quarter valued at $282,000. Franklin Resources Inc. lifted its holdings in shares of Yum! Brands by 5.2% during the 4th quarter. Franklin Resources Inc. now owns 231,741 shares of the restaurant operator’s stock valued at $23,343,000 after acquiring an additional 11,395 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in Yum! Brands by 27.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,288 shares of the restaurant operator’s stock worth $114,000 after purchasing an additional 278 shares during the period. Institutional investors own 74.94% of the company’s stock.

In other Yum! Brands news, CEO David W. Gibbs sold 2,318 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $91.28, for a total transaction of $211,587.04. Following the completion of the transaction, the chief executive officer now directly owns 76,048 shares of the company’s stock, valued at approximately $6,941,661.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David W. Gibbs sold 2,251 shares of the company’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $87.68, for a total transaction of $197,367.68. Following the completion of the transaction, the chief executive officer now owns 76,048 shares of the company’s stock, valued at approximately $6,667,888.64. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

Several research firms have commented on YUM. Credit Suisse Group raised their price objective on Yum! Brands from $95.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday. Stifel Nicolaus upgraded Yum! Brands from a “hold” rating to a “buy” rating and raised their target price for the company from $87.00 to $95.00 in a report on Thursday, May 14th. BMO Capital Markets upped their price target on Yum! Brands from $93.00 to $95.00 and gave the stock a “market perform” rating in a report on Thursday, April 30th. Goldman Sachs Group upgraded shares of Yum! Brands to a “buy” rating in a research note on Friday, May 15th. Finally, Oppenheimer restated a “buy” rating and issued a $103.00 target price on shares of Yum! Brands in a research note on Wednesday, June 10th. Seventeen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Yum! Brands has a consensus rating of “Hold” and an average price target of $101.55.

Shares of NYSE YUM opened at $91.05 on Friday. The firm’s 50-day moving average price is $89.28 and its two-hundred day moving average price is $89.05. Yum! Brands, Inc. has a 52-week low of $54.95 and a 52-week high of $119.72. The stock has a market capitalization of $27.40 billion, a P/E ratio of 27.93, a P/E/G ratio of 2.58 and a beta of 0.95.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Thursday, July 30th. The restaurant operator reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.30. Yum! Brands had a negative return on equity of 12.42% and a net margin of 18.78%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the firm earned $0.93 EPS. The business’s quarterly revenue was down 8.5% on a year-over-year basis. On average, research analysts anticipate that Yum! Brands, Inc. will post 2.89 earnings per share for the current year.

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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