Cullinan Associates Inc. Boosts Stake in Yum! Brands, Inc. (YUM)

Cullinan Associates Inc. lifted its position in Yum! Brands, Inc. (NYSE:YUM) by 1.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 97,790 shares of the restaurant operator’s stock after buying an additional 1,610 shares during the period. Cullinan Associates Inc.’s holdings in Yum! Brands were worth $8,989,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its position in shares of Yum! Brands by 3,028.1% during the third quarter. Victory Capital Management Inc. now owns 1,748,932 shares of the restaurant operator’s stock worth $158,996,000 after purchasing an additional 1,693,021 shares during the period. Millennium Management LLC raised its position in shares of Yum! Brands by 447.8% during the second quarter. Millennium Management LLC now owns 1,404,786 shares of the restaurant operator’s stock worth $109,882,000 after purchasing an additional 1,148,364 shares during the period. Federated Investors Inc. PA raised its position in shares of Yum! Brands by 608.2% during the third quarter. Federated Investors Inc. PA now owns 721,958 shares of the restaurant operator’s stock worth $65,633,000 after purchasing an additional 620,015 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Yum! Brands during the second quarter worth $41,120,000. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Yum! Brands by 127.6% during the third quarter. O Shaughnessy Asset Management LLC now owns 731,402 shares of the restaurant operator’s stock worth $66,305,000 after purchasing an additional 410,049 shares during the period. 70.78% of the stock is currently owned by institutional investors.

NYSE YUM traded down $1.67 on Friday, reaching $90.12. The stock had a trading volume of 78,210 shares, compared to its average volume of 2,296,066. Yum! Brands, Inc. has a 1 year low of $75.88 and a 1 year high of $94.13. The company has a market capitalization of $28.46 billion, a P/E ratio of 30.45, a price-to-earnings-growth ratio of 1.88 and a beta of 0.70.

Yum! Brands (NYSE:YUM) last issued its earnings results on Wednesday, October 31st. The restaurant operator reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. Yum! Brands had a negative return on equity of 17.89% and a net margin of 28.81%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, equities research analysts forecast that Yum! Brands, Inc. will post 3.72 EPS for the current fiscal year.

In other Yum! Brands news, CFO David W. Gibbs sold 6,446 shares of the business’s stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $91.22, for a total value of $588,004.12. Following the transaction, the chief financial officer now owns 47,609 shares in the company, valued at $4,342,892.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David W. Gibbs sold 6,366 shares of the business’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $87.87, for a total value of $559,380.42. Following the completion of the transaction, the chief financial officer now owns 47,764 shares in the company, valued at approximately $4,197,022.68. The disclosure for this sale can be found here. Insiders sold 64,771 shares of company stock worth $5,836,523 in the last 90 days. Corporate insiders own 0.63% of the company’s stock.

YUM has been the topic of a number of recent analyst reports. Zacks Investment Research reaffirmed a “buy” rating and set a $97.00 target price on shares of Yum! Brands in a research report on Saturday, November 17th. BTIG Research lifted their price target on Yum! Brands from $92.00 to $102.00 and gave the company a “buy” rating in a report on Wednesday, October 10th. Cowen reiterated a “buy” rating and set a $100.00 price target on shares of Yum! Brands in a report on Sunday, December 2nd. Stifel Nicolaus downgraded Yum! Brands from a “buy” rating to a “hold” rating and set a $94.00 price target on the stock. in a report on Tuesday, October 23rd. Finally, Gordon Haskett started coverage on Yum! Brands in a report on Thursday, October 18th. They set a “hold” rating and a $90.00 price target on the stock. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the stock. Yum! Brands currently has an average rating of “Hold” and a consensus target price of $90.41.

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Yum! Brands Company Profile

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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

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