PNC Financial Services Group Inc. Sells 3,149 Shares of Yum! Brands, Inc. (NYSE:YUM)

PNC Financial Services Group Inc. reduced its position in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 258,018 shares of the restaurant operator's stock after selling 3,149 shares during the period. PNC Financial Services Group Inc. owned 0.09% of Yum! Brands worth $34,616,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in YUM. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Yum! Brands during the 4th quarter worth approximately $25,000. Safe Harbor Fiduciary LLC bought a new stake in Yum! Brands in the third quarter worth $29,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Yum! Brands during the fourth quarter valued at $33,000. Jackson Grant Investment Advisers Inc. lifted its position in Yum! Brands by 52.1% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 295 shares of the restaurant operator's stock valued at $40,000 after purchasing an additional 101 shares during the last quarter. Finally, Morse Asset Management Inc purchased a new position in shares of Yum! Brands in the 3rd quarter worth $42,000. 82.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on YUM shares. The Goldman Sachs Group upped their target price on shares of Yum! Brands from $140.00 to $155.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Citigroup restated a "neutral" rating and set a $141.00 price objective (down from $153.00) on shares of Yum! Brands in a research report on Friday, January 10th. Morgan Stanley reiterated an "equal weight" rating and issued a $140.00 target price (down previously from $158.00) on shares of Yum! Brands in a report on Tuesday, January 21st. TD Securities boosted their target price on Yum! Brands from $151.00 to $164.00 and gave the company a "hold" rating in a research report on Wednesday, March 5th. Finally, Stifel Nicolaus raised their price target on Yum! Brands from $130.00 to $148.00 and gave the stock a "hold" rating in a research report on Friday, February 28th. Fifteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Yum! Brands currently has a consensus rating of "Hold" and an average price target of $150.42.

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Insider Buying and Selling at Yum! Brands

In related news, CEO David W. Gibbs sold 3,815 shares of Yum! Brands stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $137.06, for a total value of $522,883.90. Following the completion of the sale, the chief executive officer now directly owns 149,385 shares in the company, valued at $20,474,708.10. The trade was a 2.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP David Eric Russell sold 5,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $158.66, for a total transaction of $793,300.00. Following the transaction, the vice president now owns 11,960 shares in the company, valued at approximately $1,897,573.60. The trade was a 29.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,654 shares of company stock valued at $7,659,176 in the last ninety days. Corporate insiders own 0.31% of the company's stock.

Yum! Brands Price Performance

Shares of NYSE:YUM traded down $3.62 during trading on Wednesday, reaching $153.08. 244,995 shares of the company were exchanged, compared to its average volume of 1,909,624. The business's fifty day simple moving average is $139.78 and its 200-day simple moving average is $136.67. Yum! Brands, Inc. has a 12-month low of $122.13 and a 12-month high of $163.30. The firm has a market capitalization of $42.72 billion, a PE ratio of 29.28, a P/E/G ratio of 2.31 and a beta of 1.03.

Yum! Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a dividend of $0.71 per share. The ex-dividend date was Friday, February 21st. This is a positive change from Yum! Brands's previous quarterly dividend of $0.67. This represents a $2.84 dividend on an annualized basis and a yield of 1.86%. Yum! Brands's payout ratio is 54.41%.

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.