Pennsylvania Trust Co Trims Stake in Yum! Brands, Inc. (NYSE:YUM)

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Pennsylvania Trust Co lowered its stake in Yum! Brands, Inc. (NYSE:YUM) by 1.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,018 shares of the restaurant operator’s stock after selling 170 shares during the quarter. Pennsylvania Trust Co’s holdings in Yum! Brands were worth $1,477,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the stock. Arizona State Retirement System lifted its stake in shares of Yum! Brands by 3.4% during the 2nd quarter. Arizona State Retirement System now owns 94,152 shares of the restaurant operator’s stock worth $10,420,000 after purchasing an additional 3,093 shares during the period. Calton & Associates Inc. purchased a new position in shares of Yum! Brands during the 2nd quarter worth $212,000. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Yum! Brands by 6.6% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 64,839 shares of the restaurant operator’s stock worth $7,176,000 after purchasing an additional 3,997 shares during the period. Ellington Management Group LLC lifted its stake in shares of Yum! Brands by 27.5% during the 2nd quarter. Ellington Management Group LLC now owns 8,800 shares of the restaurant operator’s stock worth $974,000 after purchasing an additional 1,900 shares during the period. Finally, HBK Sorce Advisory LLC lifted its stake in shares of Yum! Brands by 58.2% during the 2nd quarter. HBK Sorce Advisory LLC now owns 3,352 shares of the restaurant operator’s stock worth $278,000 after purchasing an additional 1,233 shares during the period. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

In other news, President David W. Gibbs sold 1,578 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $110.48, for a total transaction of $174,337.44. Following the completion of the sale, the president now directly owns 42,928 shares in the company, valued at approximately $4,742,685.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Greg Creed sold 11,389 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $116.93, for a total value of $1,331,715.77. Following the sale, the chief executive officer now owns 25,004 shares of the company’s stock, valued at $2,923,717.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,953 shares of company stock valued at $2,653,229. Insiders own 0.67% of the company’s stock.

A number of research analysts have weighed in on the company. BMO Capital Markets increased their price target on Yum! Brands to $112.00 and gave the stock a “market perform” rating in a research note on Friday, August 2nd. They noted that the move was a valuation call. Citigroup set a $138.00 price target on Yum! Brands and gave the stock a “hold” rating in a research note on Monday, August 12th. Tigress Financial reissued a “buy” rating on shares of Yum! Brands in a research note on Friday, July 12th. Credit Suisse Group assumed coverage on Yum! Brands in a research note on Tuesday, June 25th. They set a “neutral” rating and a $106.00 price target on the stock. Finally, Edward Jones lowered Yum! Brands from a “buy” rating to a “hold” rating in a research note on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $110.65.

YUM stock opened at $114.33 on Friday. The company has a market cap of $34.26 billion, a price-to-earnings ratio of 36.07, a PEG ratio of 2.37 and a beta of 0.50. The business has a fifty day simple moving average of $114.73 and a 200-day simple moving average of $108.95. Yum! Brands, Inc. has a 52 week low of $84.53 and a 52 week high of $119.72.

Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. Yum! Brands had a negative return on equity of 13.02% and a net margin of 24.29%. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 EPS. As a group, equities analysts forecast that Yum! Brands, Inc. will post 3.87 earnings per share for the current year.

About Yum! Brands

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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