Davis R M Inc. Reduces Stake in Yum! Brands, Inc. (YUM)

Davis R M Inc. cut its position in Yum! Brands, Inc. (NYSE:YUM) by 26.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,771 shares of the restaurant operator’s stock after selling 1,750 shares during the period. Davis R M Inc.’s holdings in Yum! Brands were worth $352,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in YUM. Kistler Tiffany Companies LLC increased its position in shares of Yum! Brands by 0.5% in the second quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock valued at $113,000 after buying an additional 7 shares during the last quarter. YorkBridge Wealth Partners LLC increased its position in shares of Yum! Brands by 49.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,557 shares of the restaurant operator’s stock valued at $103,000 after buying an additional 512 shares during the last quarter. Founders Capital Management increased its position in shares of Yum! Brands by 164.5% in the second quarter. Founders Capital Management now owns 1,640 shares of the restaurant operator’s stock worth $121,000 after buying an additional 1,020 shares during the last quarter. Coconut Grove Bank increased its position in shares of Yum! Brands by 84.6% in the first quarter. Coconut Grove Bank now owns 1,855 shares of the restaurant operator’s stock worth $119,000 after buying an additional 850 shares during the last quarter. Finally, Bartlett & Co. LLC increased its position in shares of Yum! Brands by 3.6% in the first quarter. Bartlett & Co. LLC now owns 1,992 shares of the restaurant operator’s stock worth $127,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 73.98% of the company’s stock.

Shares of Yum! Brands, Inc. (NYSE:YUM) traded down 0.17% during mid-day trading on Friday, reaching $75.41. The company had a trading volume of 2,053,563 shares. The company has a market capitalization of $26.00 billion, a PE ratio of 20.02 and a beta of 0.82. Yum! Brands, Inc. has a 1-year low of $59.57 and a 1-year high of $77.13. The stock’s 50-day moving average price is $74.66 and its 200 day moving average price is $69.52.

Yum! Brands (NYSE:YUM) last issued its earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.07. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 EPS. Equities analysts expect that Yum! Brands, Inc. will post $2.82 EPS for the current year.

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YUM has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Tuesday, August 1st. BidaskClub raised shares of Yum! Brands from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 24th. Cowen and Company boosted their price objective on shares of Yum! Brands from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, May 4th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $78.00 target price (up from $75.00) on shares of Yum! Brands in a research report on Tuesday, May 30th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $75.00 target price (up from $71.00) on shares of Yum! Brands in a research report on Monday, July 10th. Fifteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $78.64.

In other Yum! Brands news, CEO Brian R. Niccol sold 1,471 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $72.64, for a total value of $106,853.44. Following the completion of the sale, the chief executive officer now directly owns 6,712 shares in the company, valued at approximately $487,559.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Brian R. Niccol sold 1,487 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $73.82, for a total value of $109,770.34. Following the completion of the sale, the chief executive officer now owns 6,719 shares of the company’s stock, valued at $495,996.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,294 shares of company stock valued at $833,488. 7.38% of the stock is owned by company insiders.

About Yum! Brands

YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.

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

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