M&T Bank Corp Decreases Stock Position in Yum! Brands, Inc. (NYSE:YUM)

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M&T Bank Corp cut its position in Yum! Brands, Inc. (NYSE:YUM) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,401 shares of the restaurant operator’s stock after selling 1,844 shares during the period. M&T Bank Corp’s holdings in Yum! Brands were worth $7,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of YUM. Melvin Capital Management LP purchased a new position in Yum! Brands in the 1st quarter valued at $61,677,000. Victory Capital Management Inc. lifted its stake in shares of Yum! Brands by 33.3% in the first quarter. Victory Capital Management Inc. now owns 2,455,207 shares of the restaurant operator’s stock worth $168,255,000 after buying an additional 612,656 shares in the last quarter. Ardevora Asset Management LLP acquired a new position in Yum! Brands during the first quarter worth about $38,516,000. First Trust Advisors LP boosted its position in Yum! Brands by 482.4% during the first quarter. First Trust Advisors LP now owns 609,992 shares of the restaurant operator’s stock worth $41,803,000 after acquiring an additional 505,262 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in Yum! Brands by 60.8% during the 1st quarter. Deutsche Bank AG now owns 990,330 shares of the restaurant operator’s stock valued at $67,867,000 after acquiring an additional 374,316 shares in the last quarter. Hedge funds and other institutional investors own 74.94% of the company’s stock.

In other Yum! Brands news, CEO David W. Gibbs sold 2,251 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $87.68, for a total transaction of $197,367.68. Following the sale, the chief executive officer now directly owns 76,048 shares in the company, valued at approximately $6,667,888.64. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David W. Gibbs sold 2,318 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $91.28, for a total transaction of $211,587.04. Following the completion of the transaction, the chief executive officer now directly owns 76,048 shares of the company’s stock, valued at approximately $6,941,661.44. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

A number of equities research analysts have recently issued reports on YUM shares. Credit Suisse Group upped their price target on Yum! Brands from $95.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday. Jefferies Financial Group raised their target price on Yum! Brands from $66.00 to $80.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. Cfra lowered their price target on shares of Yum! Brands from $110.00 to $94.00 and set a “hold” rating on the stock in a research report on Thursday, April 30th. UBS Group upped their price objective on shares of Yum! Brands from $105.00 to $108.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Finally, BMO Capital Markets lifted their target price on shares of Yum! Brands from $93.00 to $95.00 and gave the stock a “market perform” rating in a research note on Thursday, April 30th. Seventeen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $101.55.

NYSE:YUM opened at $91.05 on Friday. Yum! Brands, Inc. has a 52 week low of $54.95 and a 52 week high of $119.72. The stock’s fifty day moving average is $89.28 and its two-hundred day moving average is $89.05. The stock has a market capitalization of $27.40 billion, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 2.58 and a beta of 0.95.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Thursday, July 30th. The restaurant operator reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.30. Yum! Brands had a negative return on equity of 12.42% and a net margin of 18.78%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the business earned $0.93 EPS. The company’s quarterly revenue was down 8.5% compared to the same quarter last year. As a group, equities analysts predict that Yum! Brands, Inc. will post 2.89 earnings per share for the current fiscal year.

Yum! Brands Profile

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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