Oarsman Capital Inc. trimmed its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,120 shares of the restaurant operator’s stock after selling 40 shares during the period. Oarsman Capital Inc.’s holdings in Yum! Brands were worth $230,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in YUM. BlackRock Inc. raised its position in shares of Yum! Brands by 2,392.9% during the 1st quarter. BlackRock Inc. now owns 20,053,997 shares of the restaurant operator’s stock valued at $1,281,452,000 after purchasing an additional 19,249,564 shares during the period. Morgan Stanley raised its position in shares of Yum! Brands by 82.4% during the 1st quarter. Morgan Stanley now owns 4,757,237 shares of the restaurant operator’s stock valued at $303,987,000 after purchasing an additional 2,148,751 shares during the period. Renaissance Technologies LLC raised its position in shares of Yum! Brands by 208.6% during the 1st quarter. Renaissance Technologies LLC now owns 2,625,400 shares of the restaurant operator’s stock valued at $167,763,000 after purchasing an additional 1,774,600 shares during the period. Pioneer Investment Management Inc. bought a new stake in shares of Yum! Brands during the 2nd quarter valued at $104,149,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Yum! Brands during the 2nd quarter valued at $102,713,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Yum! Brands, Inc. (YUM) Stake Lowered by Oarsman Capital Inc.” was posted by Markets Daily and is the sole property of of Markets Daily. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://www.themarketsdaily.com/2017/09/12/yum-brands-inc-yum-stake-lowered-by-oarsman-capital-inc.html.
In related news, CFO David W. Gibbs sold 8,336 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $74.00, for a total value of $616,864.00. Following the sale, the chief financial officer now directly owns 39,664 shares in the company, valued at approximately $2,935,136. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian R. Niccol sold 1,487 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $73.82, for a total transaction of $109,770.34. Following the completion of the sale, the chief executive officer now owns 6,719 shares in the company, valued at $495,996.58. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by insiders.
Yum! Brands, Inc. (NYSE:YUM) traded down 0.5738% during mid-day trading on Tuesday, hitting $77.3536. 131,255 shares of the stock traded hands. The company has a 50 day moving average of $75.75 and a 200-day moving average of $70.53. The stock has a market cap of $26.67 billion, a PE ratio of 20.5345 and a beta of 0.83. Yum! Brands, Inc. has a 12-month low of $59.57 and a 12-month high of $77.91.
Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.07. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Yum! Brands had a net margin of 16.76% and a negative return on equity of 24.95%. Yum! Brands’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 EPS. Equities research analysts forecast that Yum! Brands, Inc. will post $2.82 earnings per share for the current year.
Several brokerages have recently commented on YUM. BMO Capital Markets restated a “market perform” rating and set a $77.00 price objective (up from $66.00) on shares of Yum! Brands in a research report on Wednesday, August 9th. Zacks Investment Research downgraded shares of Yum! Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Cowen and Company restated a “buy” rating and set a $85.00 price objective on shares of Yum! Brands in a research report on Friday. Argus restated a “buy” rating and set a $88.00 price objective (up from $80.00) on shares of Yum! Brands in a research report on Wednesday, August 23rd. Finally, Robert W. Baird restated a “hold” rating and set a $78.00 price objective on shares of Yum! Brands in a research report on Friday. Fifteen investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $80.31.
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.
Receive News & Ratings for Yum! Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum! Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.