2,970 Shares in Yum! Brands, Inc. (YUM) Acquired by Profit Investment Management LLC

Profit Investment Management LLC purchased a new position in shares of Yum! Brands, Inc. (NYSE:YUM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,970 shares of the restaurant operator’s stock, valued at approximately $219,000.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Yum! Brands by 2,392.9% in the first quarter. BlackRock Inc. now owns 20,053,997 shares of the restaurant operator’s stock worth $1,281,452,000 after buying an additional 19,249,564 shares during the period. Bank of New York Mellon Corp increased its position in shares of Yum! Brands by 11.9% in the first quarter. Bank of New York Mellon Corp now owns 7,100,759 shares of the restaurant operator’s stock worth $453,737,000 after buying an additional 755,288 shares during the last quarter. Loomis Sayles & Co. L P increased its position in shares of Yum! Brands by 0.3% in the first quarter. Loomis Sayles & Co. L P now owns 6,379,688 shares of the restaurant operator’s stock worth $407,662,000 after buying an additional 17,799 shares during the last quarter. Morgan Stanley increased its position in shares of Yum! Brands by 82.4% in the first quarter. Morgan Stanley now owns 4,757,237 shares of the restaurant operator’s stock worth $303,987,000 after buying an additional 2,148,751 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Yum! Brands by 6.0% in the first quarter. Geode Capital Management LLC now owns 3,024,137 shares of the restaurant operator’s stock worth $192,940,000 after buying an additional 170,079 shares during the last quarter. Institutional investors and hedge funds own 73.98% of the company’s stock.

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

Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. Yum! Brands had a net margin of 16.76% and a negative return on equity of 24.95%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the business earned $0.75 EPS. Yum! Brands’s revenue was down 4.0% compared to the same quarter last year. On average, equities analysts predict 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 a number of recent research reports. Argus upgraded Yum! Brands from a “hold” rating to a “buy” rating and upped their price objective for the stock from $69.95 to $80.00 in a research note on Tuesday, May 16th. Instinet restated a “buy” rating and set a $78.00 price objective on shares of Yum! Brands in a research note on Sunday, May 28th. BidaskClub downgraded Yum! Brands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Royal Bank Of Canada reissued a “buy” rating and issued a $75.00 price target on shares of Yum! Brands in a research note on Thursday, June 15th. Finally, Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Thursday, July 20th. Fifteen analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $78.64.

In other Yum! Brands news, CFO David W. Gibbs sold 8,336 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $74.00, for a total value of $616,864.00. Following the completion of the transaction, the chief financial officer now directly owns 39,664 shares of the company’s stock, valued at approximately $2,935,136. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian R. Niccol sold 1,487 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $73.82, for a total transaction of $109,770.34. Following the completion of the transaction, the chief executive officer now directly owns 6,719 shares of the company’s stock, valued at $495,996.58. The disclosure for this sale can be found here. Insiders sold a total of 11,294 shares of company stock valued at $833,488 over the last quarter. 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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