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

PNC Financial Services Group Inc. lowered its holdings in Yum! Brands, Inc. (NYSE:YUM) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 258,018 shares of the restaurant operator’s stock after selling 3,149 shares during the quarter. 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 institutional investors and hedge funds have also added to or reduced their stakes in YUM. Cantillon Capital Management LLC grew its stake in shares of Yum! Brands by 31.7% in the 4th quarter. Cantillon Capital Management LLC now owns 1,880,379 shares of the restaurant operator’s stock valued at $252,272,000 after purchasing an additional 452,339 shares during the period. Raymond James Financial Inc. bought a new stake in Yum! Brands in the fourth quarter valued at $59,289,000. Los Angeles Capital Management LLC grew its position in Yum! Brands by 140.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 437,625 shares of the restaurant operator’s stock valued at $58,712,000 after acquiring an additional 255,495 shares during the period. Anchor Capital Advisors LLC bought a new stake in Yum! Brands in the fourth quarter valued at $30,098,000. Finally, Geode Capital Management LLC grew its position in Yum! Brands by 1.5% in the third quarter. Geode Capital Management LLC now owns 7,441,170 shares of the restaurant operator’s stock valued at $1,038,775,000 after acquiring an additional 111,147 shares during the period. Institutional investors own 82.37% of the company’s stock.

Yum! Brands Stock Performance

YUM opened at $162.67 on Monday. The company has a fifty day moving average price of $138.84 and a two-hundred day moving average price of $136.37. The firm has a market capitalization of $45.40 billion, a PE ratio of 31.16, a P/E/G ratio of 2.31 and a beta of 1.03. Yum! Brands, Inc. has a 52 week low of $122.13 and a 52 week high of $163.30.

Yum! Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a $0.71 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.75%. This is an increase from Yum! Brands’s previous quarterly dividend of $0.67. Yum! Brands’s dividend payout ratio is 54.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Redburn Atlantic lowered shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Barclays upped their price objective on shares of Yum! Brands from $162.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. TD Cowen reaffirmed a “hold” rating and set a $140.00 price objective on shares of Yum! Brands in a research note on Thursday, February 6th. Wells Fargo & Company increased their price target on Yum! Brands from $145.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 5th. Finally, Oppenheimer increased their price target on Yum! Brands from $154.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Fourteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $150.42.

Insider Activity

In other Yum! Brands news, insider Erika Burkhardt sold 597 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $159.07, for a total value of $94,964.79. Following the transaction, the insider now owns 64 shares of the company’s stock, valued at approximately $10,180.48. This represents a 90.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David W. Gibbs sold 30,604 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $159.46, for a total transaction of $4,880,113.84. Following the completion of the sale, the chief executive officer now owns 160,296 shares in the company, valued at $25,560,800.16. This represents a 16.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,654 shares of company stock valued at $7,659,176 in the last 90 days. 0.31% 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.