PNC Financial Services Group Inc. Decreases Stock Holdings in Yum! Brands, Inc. (NYSE:YUM)

PNC Financial Services Group Inc. reduced its position in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 2.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 261,167 shares of the restaurant operator's stock after selling 5,997 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.09% of Yum! Brands worth $36,488,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc boosted its holdings in Yum! Brands by 3.4% in the second quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator's stock valued at $419,123,000 after acquiring an additional 104,328 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Yum! Brands in the 2nd quarter worth about $7,645,000. Canada Pension Plan Investment Board boosted its stake in Yum! Brands by 140.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 126,550 shares of the restaurant operator's stock worth $16,763,000 after purchasing an additional 73,844 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Yum! Brands by 18.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 50,807 shares of the restaurant operator's stock valued at $6,730,000 after purchasing an additional 7,814 shares during the last quarter. Finally, DoubleLine ETF Adviser LP bought a new stake in Yum! Brands during the 2nd quarter valued at about $984,000. Hedge funds and other institutional investors own 82.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on YUM. Loop Capital cut their price target on shares of Yum! Brands from $143.00 to $140.00 and set a "hold" rating on the stock in a report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their target price on Yum! Brands from $137.00 to $144.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. Robert W. Baird boosted their price target on Yum! Brands from $150.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 7th. TD Cowen reaffirmed a "hold" rating and set a $145.00 price objective on shares of Yum! Brands in a research report on Wednesday, November 6th. Finally, Redburn Atlantic lowered Yum! Brands from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 11th. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $145.94.

Yum! Brands Trading Up 0.6 %

NYSE YUM opened at $132.88 on Thursday. The stock has a market cap of $37.08 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 2.22 and a beta of 1.10. Yum! Brands, Inc. has a 12 month low of $123.70 and a 12 month high of $143.20. The company's 50 day moving average is $134.40 and its two-hundred day moving average is $134.50.

Yum! Brands (NYSE:YUM - Get Free Report) last released its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share for the quarter, missing analysts' consensus estimates of $1.41 by ($0.04). Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The firm had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.90 billion. During the same quarter last year, the firm posted $1.44 EPS. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. Sell-side analysts forecast that Yum! Brands, Inc. will post 5.48 EPS for the current year.

Insider Buying and Selling

In other news, CEO David W. Gibbs sold 7,059 shares of Yum! Brands stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $135.94, for a total value of $959,600.46. Following the sale, the chief executive officer now directly owns 149,385 shares of the company's stock, valued at approximately $20,307,396.90. The trade was a 4.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 21,069 shares of company stock valued at $2,842,965. 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.