Huntington National Bank Has $3.02 Million Position in Yum! Brands, Inc. (NYSE:YUM)

Huntington National Bank lifted its stake in Yum! Brands, Inc. (NYSE:YUM) by 0.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,693 shares of the restaurant operator’s stock after purchasing an additional 198 shares during the period. Huntington National Bank’s holdings in Yum! Brands were worth $3,015,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Guggenheim Capital LLC grew its holdings in Yum! Brands by 62.0% during the 4th quarter. Guggenheim Capital LLC now owns 87,185 shares of the restaurant operator’s stock worth $8,782,000 after acquiring an additional 33,377 shares during the period. Sunbelt Securities Inc. grew its holdings in Yum! Brands by 0.9% during the 4th quarter. Sunbelt Securities Inc. now owns 14,409 shares of the restaurant operator’s stock worth $1,451,000 after acquiring an additional 131 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Yum! Brands during the 4th quarter worth $282,000. Franklin Resources Inc. grew its holdings in shares of Yum! Brands by 5.2% in the 4th quarter. Franklin Resources Inc. now owns 231,741 shares of the restaurant operator’s stock valued at $23,343,000 after buying an additional 11,395 shares during the period. Finally, Quadrant Capital Group LLC grew its holdings in shares of Yum! Brands by 27.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,288 shares of the restaurant operator’s stock valued at $114,000 after buying an additional 278 shares during the period. 74.94% of the stock is owned by institutional investors and hedge funds.

In other news, CEO David W. Gibbs sold 2,251 shares of the company’s 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 directly owns 76,048 shares of the company’s stock, valued at approximately $6,667,888.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David W. Gibbs sold 2,318 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 76,048 shares in the company, valued at $6,941,661.44. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.

Several equities analysts have recently issued reports on YUM shares. Zacks Investment Research raised shares of Yum! Brands from a “sell” rating to a “hold” rating and set a $92.00 price target for the company in a report on Saturday, May 30th. Royal Bank of Canada boosted their price target on shares of Yum! Brands from $87.00 to $94.00 and gave the company a “sector perform” rating in a report on Friday. Jefferies Financial Group boosted their price target on shares of Yum! Brands from $66.00 to $80.00 and gave the company a “hold” rating in a report on Wednesday, April 22nd. Deutsche Bank reissued a “hold” rating and issued a $80.00 price target (up previously from $79.00) on shares of Yum! Brands in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Yum! Brands from $91.00 to $102.00 and gave the company a “neutral” rating in a report on Wednesday, June 24th. Seventeen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $101.55.

Shares of NYSE:YUM opened at $91.05 on Friday. The company’s 50-day moving average price is $89.28 and its two-hundred day moving average price is $89.05. Yum! Brands, Inc. has a one year low of $54.95 and a one year high of $119.72. The stock has a market capitalization of $27.40 billion, a PE ratio of 27.93, a price-to-earnings-growth ratio of 2.58 and a beta of 0.95.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results 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 firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the firm posted $0.93 EPS. As a group, research analysts expect that Yum! Brands, Inc. will post 2.89 EPS for the current 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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