Yum! Brands, Inc. (NYSE:YUM) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its holdings in Yum! Brands, Inc. (NYSE:YUM) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 261,167 shares of the restaurant operator’s stock after selling 5,997 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Yum! Brands were worth $36,488,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Epoch Investment Partners Inc. boosted its holdings in shares of Yum! Brands by 34.1% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,681,933 shares of the restaurant operator’s stock valued at $233,200,000 after acquiring an additional 427,487 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in Yum! Brands by 5,077.1% during the third quarter. Los Angeles Capital Management LLC now owns 182,130 shares of the restaurant operator’s stock valued at $25,445,000 after purchasing an additional 178,612 shares during the period. International Assets Investment Management LLC boosted its holdings in Yum! Brands by 14,151.9% in the third quarter. International Assets Investment Management LLC now owns 148,220 shares of the restaurant operator’s stock valued at $20,708,000 after purchasing an additional 147,180 shares during the last quarter. Swedbank AB acquired a new stake in Yum! Brands during the 1st quarter worth about $19,041,000. Finally, Legal & General Group Plc raised its stake in shares of Yum! Brands by 3.4% during the 2nd quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock valued at $419,123,000 after buying an additional 104,328 shares during the last quarter. 82.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Yum! Brands news, CEO David W. Gibbs sold 7,059 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $135.94, for a total value of $959,600.46. Following the transaction, the chief executive officer now directly owns 149,385 shares of the company’s stock, valued at $20,307,396.90. This trade represents a 4.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders have sold 21,069 shares of company stock worth $2,842,965. 0.31% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on YUM shares. Loop Capital lowered their target price on Yum! Brands from $143.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Bank of America lowered their price objective on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their target price on shares of Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Robert W. Baird increased their price target on shares of Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $145.94.

Yum! Brands Price Performance

Shares of NYSE:YUM opened at $132.88 on Thursday. Yum! Brands, Inc. has a 1 year low of $123.70 and a 1 year high of $143.20. The firm has a market capitalization of $37.08 billion, a PE ratio of 24.84, a P/E/G ratio of 2.26 and a beta of 1.10. The business’s 50 day moving average price is $134.40 and its 200-day moving average price is $134.50.

Yum! Brands (NYSE:YUM) last announced its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.04). Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the firm earned $1.44 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, analysts expect that Yum! Brands, Inc. will post 5.48 earnings per share for the current year.

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.