M&T Bank Corp Has $11.02 Million Stock Position in Yum! Brands, Inc. (NYSE:YUM)

M&T Bank Corp trimmed its position in Yum! Brands, Inc. (NYSE:YUM) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 84,329 shares of the restaurant operator’s stock after selling 777 shares during the period. M&T Bank Corp’s holdings in Yum! Brands were worth $11,018,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in YUM. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Yum! Brands by 6.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 31,939 shares of the restaurant operator’s stock worth $3,990,000 after purchasing an additional 1,864 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in shares of Yum! Brands by 96.7% during the third quarter. Stratos Wealth Partners LTD. now owns 11,432 shares of the restaurant operator’s stock worth $1,428,000 after purchasing an additional 5,621 shares during the period. Brown Advisory Inc. boosted its holdings in shares of Yum! Brands by 0.8% during the third quarter. Brown Advisory Inc. now owns 31,277 shares of the restaurant operator’s stock worth $3,908,000 after purchasing an additional 241 shares during the period. Verdence Capital Advisors LLC boosted its holdings in shares of Yum! Brands by 10.3% during the third quarter. Verdence Capital Advisors LLC now owns 2,177 shares of the restaurant operator’s stock worth $272,000 after purchasing an additional 203 shares during the period. Finally, BluePath Capital Management LLC acquired a new stake in shares of Yum! Brands during the third quarter worth approximately $111,000. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP David Eric Russell sold 9,919 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $129.63, for a total value of $1,285,799.97. Following the sale, the vice president now directly owns 18,661 shares in the company, valued at $2,419,025.43. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP David Eric Russell sold 9,919 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $129.63, for a total value of $1,285,799.97. Following the sale, the vice president now directly owns 18,661 shares in the company, valued at $2,419,025.43. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David W. Gibbs sold 7,078 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $138.37, for a total value of $979,382.86. Following the sale, the chief executive officer now owns 172,128 shares in the company, valued at approximately $23,817,351.36. The disclosure for this sale can be found here. Insiders have sold 24,064 shares of company stock valued at $3,228,698 in the last 90 days. 0.31% of the stock is owned by insiders.

Yum! Brands Stock Down 0.5 %

Shares of NYSE YUM opened at $134.34 on Monday. The firm’s 50-day simple moving average is $138.17 and its 200 day simple moving average is $131.69. The company has a market cap of $37.82 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 2.14 and a beta of 1.07. Yum! Brands, Inc. has a 12-month low of $115.53 and a 12-month high of $143.20.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.05). Yum! Brands had a negative return on equity of 18.64% and a net margin of 22.92%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the company earned $1.06 EPS. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. On average, equities analysts expect that Yum! Brands, Inc. will post 5.67 earnings per share for the current year.

Analysts Set New Price Targets

YUM has been the subject of several research reports. Wells Fargo & Company cut shares of Yum! Brands from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $150.00 to $135.00 in a report on Thursday, January 11th. Royal Bank of Canada reduced their target price on shares of Yum! Brands from $145.00 to $141.00 and set a “sector perform” rating for the company in a research note on Friday, February 9th. JPMorgan Chase & Co. dropped their price target on shares of Yum! Brands from $134.00 to $132.00 and set a “neutral” rating on the stock in a research report on Friday. Barclays boosted their target price on shares of Yum! Brands from $144.00 to $148.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, BMO Capital Markets boosted their target price on shares of Yum! Brands from $133.00 to $135.00 and gave the stock a “market perform” rating in a research report on Thursday. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Yum! Brands currently has an average rating of “Hold” and an average target price of $143.53.

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.