Franklin Street Advisors Inc. NC boosted its stake in Yum! Brands, Inc. (NYSE:YUM) by 23.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 88,270 shares of the restaurant operator’s stock after buying an additional 16,540 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Yum! Brands were worth $6,511,000 as of its most recent filing with the SEC.
A number of other large investors have also recently added to or reduced their stakes in YUM. National Pension Service raised its stake in Yum! Brands by 8.4% in the second quarter. National Pension Service now owns 341,662 shares of the restaurant operator’s stock valued at $25,095,000 after buying an additional 26,411 shares in the last quarter. State of Alaska Department of Revenue increased its position in Yum! Brands by 7.1% in the second quarter. State of Alaska Department of Revenue now owns 7,245 shares of the restaurant operator’s stock valued at $534,000 after buying an additional 480 shares during the last quarter. Cullinan Associates Inc. increased its position in Yum! Brands by 23.9% in the second quarter. Cullinan Associates Inc. now owns 87,430 shares of the restaurant operator’s stock valued at $6,449,000 after buying an additional 16,860 shares during the last quarter. Hills Bank & Trust Co. increased its position in Yum! Brands by 28.5% in the second quarter. Hills Bank & Trust Co. now owns 4,650 shares of the restaurant operator’s stock valued at $343,000 after buying an additional 1,030 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. increased its position in Yum! Brands by 7.0% in the second quarter. NN Investment Partners Holdings N.V. now owns 124,063 shares of the restaurant operator’s stock valued at $9,152,000 after buying an additional 8,083 shares during the last quarter. 73.98% of the stock is owned by institutional investors.
Yum! Brands, Inc. (NYSE:YUM) traded down 0.17% during trading on Friday, reaching $75.41. The company’s stock had a trading volume of 2,053,563 shares. The stock has a 50 day moving average price of $74.60 and a 200 day moving average price of $69.45. Yum! Brands, Inc. has a 1-year low of $59.57 and a 1-year high of $77.13. The stock has a market capitalization of $26.00 billion, a PE ratio of 20.02 and a beta of 0.82.
Yum! Brands (NYSE:YUM) last announced its earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.07. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. Analysts anticipate that Yum! Brands, Inc. will post $2.82 earnings per share for the current fiscal year.
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YUM has been the subject of several recent analyst reports. BMO Capital Markets initiated coverage on Yum! Brands in a research note on Friday, April 21st. They issued a “market perform” rating and a $66.00 price target for the company. Zacks Investment Research downgraded Yum! Brands from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Cowen and Company restated an “outperform” rating and issued a $75.00 price target on shares of Yum! Brands in a research note on Tuesday, April 25th. Royal Bank Of Canada upped their price target on Yum! Brands from $72.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, May 4th. Finally, Goldman Sachs Group, Inc. (The) upgraded Yum! Brands from a “sell” rating to a “neutral” rating and increased their target price for the company from $57.00 to $65.00 in a research report on Thursday, May 11th. Fifteen research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Yum! Brands presently has a consensus rating of “Buy” and an average price target of $78.64.
In other news, CFO David W. Gibbs sold 8,336 shares of Yum! Brands stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total transaction of $616,864.00. Following the sale, the chief financial officer now directly owns 39,664 shares of the company’s stock, valued at $2,935,136. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian R. Niccol sold 1,471 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were 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 of the company’s stock, valued at $487,559.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,294 shares of company stock worth $833,488. Corporate insiders own 7.38% of the company’s stock.
Yum! Brands Company Profile
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.
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