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

Key Points

• PNC Financial Services Group Inc. has reduced its stake in Yum! Brands by 0.8%, now owning 255,934 shares valued at approximately $40.27 million.
• Yum! Brands announced a quarterly dividend of $0.71 per share, reflecting a 2.0% yield and a dividend payout ratio of 56.57%.
• Wall Street analysts have a mixed consensus on Yum! Brands, with ten buy ratings and thirteen hold ratings, and target prices ranging from $151.00 to $177.00.

PNC Financial Services Group Inc. decreased its holdings in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 255,934 shares of the restaurant operator's stock after selling 2,084 shares during the quarter. PNC Financial Services Group Inc. owned about 0.09% of Yum! Brands worth $40,274,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. UNIVEST FINANCIAL Corp purchased a new position in Yum! Brands in the 1st quarter valued at $227,000. Blueshift Asset Management LLC increased its stake in shares of Yum! Brands by 32.0% during the first quarter. Blueshift Asset Management LLC now owns 2,766 shares of the restaurant operator's stock worth $435,000 after acquiring an additional 670 shares during the period. Moors & Cabot Inc. raised its holdings in Yum! Brands by 5.9% during the first quarter. Moors & Cabot Inc. now owns 9,674 shares of the restaurant operator's stock worth $1,522,000 after purchasing an additional 537 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in Yum! Brands in the first quarter valued at about $698,000. Finally, Alberta Investment Management Corp purchased a new stake in Yum! Brands in the 1st quarter valued at approximately $11,142,000. Institutional investors and hedge funds own 82.37% of the company's stock.

Insider Transactions at Yum! Brands

In other news, CEO Scott Mezvinsky sold 272 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $148.28, for a total transaction of $40,332.16. Following the completion of the transaction, the chief executive officer directly owned 1,755 shares of the company's stock, valued at approximately $260,231.40. This represents a 13.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David W. Gibbs sold 7,117 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $146.60, for a total transaction of $1,043,352.20. Following the transaction, the chief executive officer directly owned 102,893 shares of the company's stock, valued at approximately $15,084,113.80. This trade represents a 6.47% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,720 shares of company stock worth $2,150,965. Insiders own 0.33% of the company's stock.

Yum! Brands Trading Down 5.0%

NYSE:YUM traded down $7.30 during trading hours on Tuesday, hitting $139.70. The stock had a trading volume of 5,141,601 shares, compared to its average volume of 1,788,242. The business has a 50 day simple moving average of $145.69 and a two-hundred day simple moving average of $146.70. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30. The company has a market cap of $38.83 billion, a PE ratio of 27.83, a price-to-earnings-growth ratio of 2.14 and a beta of 0.73.

Yum! Brands (NYSE:YUM - Get Free Report) last announced its earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.46 by ($0.02). Yum! Brands had a negative return on equity of 20.80% and a net margin of 18.42%. The business had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the previous year, the firm posted $1.35 earnings per share. The firm's revenue was up 9.6% compared to the same quarter last year. Research analysts expect that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Yum! Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Tuesday, May 27th were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, May 27th. Yum! Brands's dividend payout ratio is 56.57%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Citigroup upped their price objective on Yum! Brands from $148.00 to $151.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Oppenheimer reaffirmed an "outperform" rating and issued a $185.00 target price on shares of Yum! Brands in a report on Monday, April 28th. Morgan Stanley raised their price objective on Yum! Brands from $151.00 to $153.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. Piper Sandler upped their target price on Yum! Brands from $150.00 to $155.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Finally, Melius assumed coverage on shares of Yum! Brands in a research note on Monday, July 14th. They issued a "buy" rating and a $200.00 price objective on the stock. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $159.82.

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.