Huntington National Bank lifted its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 0.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,693 shares of the restaurant operator’s stock after buying an additional 198 shares during the quarter. Huntington National Bank’s holdings in Yum! Brands were worth $3,015,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of YUM. Perennial Advisors LLC acquired a new stake in shares of Yum! Brands during the first quarter worth $25,000. Tarbox Family Office Inc. increased its position in shares of Yum! Brands by 95.9% during the second quarter. Tarbox Family Office Inc. now owns 290 shares of the restaurant operator’s stock worth $25,000 after buying an additional 142 shares during the period. Ballast Advisors LLC acquired a new stake in shares of Yum! Brands during the first quarter worth $26,000. Capital Advisory Group Advisory Services LLC acquired a new stake in shares of Yum! Brands during the first quarter worth $27,000. Finally, TRUE Private Wealth Advisors increased its position in shares of Yum! Brands by 131.5% during the first quarter. TRUE Private Wealth Advisors now owns 493 shares of the restaurant operator’s stock worth $33,000 after buying an additional 280 shares during the period. Institutional investors own 74.94% of the company’s stock.
Several research firms have recently weighed in on YUM. Credit Suisse Group increased their price objective on shares of Yum! Brands from $95.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday. Wells Fargo & Co raised their price target on shares of Yum! Brands from $85.00 to $94.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Royal Bank of Canada raised their price target on shares of Yum! Brands from $87.00 to $94.00 and gave the stock a “sector perform” rating in a report on Friday. Jefferies Financial Group raised their price target on shares of Yum! Brands from $66.00 to $80.00 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. Finally, Stifel Nicolaus upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and raised their price target for the stock from $87.00 to $95.00 in a report on Thursday, May 14th. Seventeen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Yum! Brands has a consensus rating of “Hold” and an average price target of $101.55.
Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Thursday, July 30th. The restaurant operator reported $0.82 EPS for the quarter, topping the consensus estimate of $0.52 by $0.30. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. Yum! Brands had a net margin of 18.78% and a negative return on equity of 12.42%. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 earnings per share. As a group, analysts predict that Yum! Brands, Inc. will post 2.89 earnings per share for the current year.
In other Yum! Brands news, CEO David W. Gibbs sold 2,251 shares of Yum! Brands stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $87.68, for a total value of $197,367.68. Following the sale, the chief executive officer now owns 76,048 shares of the company’s stock, valued at $6,667,888.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David W. Gibbs sold 2,318 shares of Yum! Brands stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $91.28, for a total transaction of $211,587.04. Following the completion of the sale, the chief executive officer now directly owns 76,048 shares in the company, valued at approximately $6,941,661.44. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.
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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