Quantitative Systematic Strategies LLC Acquires New Position in Yum! Brands, Inc. (YUM)

Quantitative Systematic Strategies LLC purchased a new stake 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 2,761 shares of the restaurant operator’s stock, valued at approximately $203,000.

Several other large investors have also recently made changes to their positions in the stock. Huntington National Bank boosted its stake in shares of Yum! Brands by 0.4% in the second quarter. Huntington National Bank now owns 41,976 shares of the restaurant operator’s stock worth $3,096,000 after buying an additional 175 shares during the last quarter. Bridges Investment Management Inc. bought a new stake in shares of Yum! Brands during the second quarter worth about $205,000. Mitchell Mcleod Pugh & Williams Inc. raised its position in shares of Yum! Brands by 0.6% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 18,977 shares of the restaurant operator’s stock worth $1,400,000 after buying an additional 115 shares during the period. Oakbrook Investments LLC raised its position in shares of Yum! Brands by 76.5% in the second quarter. Oakbrook Investments LLC now owns 26,300 shares of the restaurant operator’s stock worth $1,940,000 after buying an additional 11,400 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of Yum! Brands by 0.8% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 8,995 shares of the restaurant operator’s stock worth $663,000 after buying an additional 75 shares during the period. 73.98% of the stock is owned by institutional investors and hedge funds.

Yum! Brands, Inc. (NYSE:YUM) traded down 0.17% during trading on Friday, reaching $75.41. The company had a trading volume of 2,053,563 shares. The firm’s 50 day moving average price is $74.66 and its 200 day moving average price is $69.52. Yum! Brands, Inc. has a 12-month low of $59.57 and a 12-month high of $77.13. The firm 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 released its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the company posted $0.75 EPS. The business’s revenue was down 4.0% on a year-over-year basis. Analysts anticipate that Yum! Brands, Inc. will post $2.82 earnings per share for the current year.

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A number of brokerages have recently commented on YUM. Cowen and Company reiterated an “outperform” rating and set a $75.00 price target on shares of Yum! Brands in a report on Tuesday, April 25th. Zacks Investment Research lowered Yum! Brands from a “buy” rating to a “hold” rating in a report on Friday, April 21st. BMO Capital Markets began coverage on Yum! Brands in a report on Friday, April 21st. They set a “market perform” rating and a $66.00 price target for the company. Instinet reiterated a “buy” rating and set a $78.00 price target on shares of Yum! Brands in a report on Sunday, May 28th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $75.00 price target on shares of Yum! Brands in a report on Thursday, June 15th. Fifteen research 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 company presently has an average rating of “Buy” and a consensus target price of $78.64.

In other Yum! Brands news, CFO David W. Gibbs sold 8,336 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total value of $616,864.00. Following the sale, the chief financial officer now owns 39,664 shares in the company, valued at approximately $2,935,136. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian R. Niccol sold 1,487 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $495,996.58. The disclosure for this sale can be found here. Insiders sold a total of 11,294 shares of company stock worth $833,488 in the last quarter. Corporate insiders own 7.38% of the company’s stock.

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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