BB&T Investment Services Inc. purchased a new position in shares of Yum! Brands, Inc. (NYSE:YUM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,139 shares of the restaurant operator’s stock, valued at approximately $306,000.
A number of other institutional investors have also recently added to or reduced their stakes in YUM. Acrospire Investment Management LLC purchased a new stake in Yum! Brands during the 2nd quarter worth $104,000. Kistler Tiffany Companies LLC increased its stake in Yum! Brands by 0.5% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock worth $113,000 after buying an additional 7 shares during the period. Founders Capital Management increased its stake in Yum! Brands by 164.5% during the 2nd quarter. Founders Capital Management now owns 1,640 shares of the restaurant operator’s stock worth $121,000 after buying an additional 1,020 shares during the period. Bruderman Asset Management LLC purchased a new stake in Yum! Brands during the 2nd quarter worth $148,000. Finally, Parallel Advisors LLC increased its stake in Yum! Brands by 38.2% during the 1st quarter. Parallel Advisors LLC now owns 2,202 shares of the restaurant operator’s stock worth $150,000 after buying an additional 609 shares during the period. 72.06% of the stock is currently owned by hedge funds and other institutional investors.
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In other Yum! Brands news, CFO David W. Gibbs sold 8,336 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $74.00, for a total transaction of $616,864.00. Following the sale, the chief financial officer now 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 this hyperlink. 7.38% of the stock is owned by corporate insiders.
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YUM has been the topic of several analyst reports. Zacks Investment Research raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Tuesday, August 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $83.00 price target on shares of Yum! Brands in a research note on Monday, September 11th. Stifel Nicolaus initiated coverage on shares of Yum! Brands in a research note on Monday, October 2nd. They set a “buy” rating and a $88.00 price target on the stock. BidaskClub downgraded shares of Yum! Brands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 1st. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $75.00 price target (up previously from $71.00) on shares of Yum! Brands in a research note on Monday, July 10th. Eleven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $79.89.
Yum! Brands, Inc. (NYSE YUM) traded up 0.001% on Thursday, reaching $76.641. 510,038 shares of the company’s stock were exchanged. The firm has a market capitalization of $26.42 billion, a price-to-earnings ratio of 20.345 and a beta of 0.81. The firm has a 50-day moving average of $75.69 and a 200-day moving average of $72.26. Yum! Brands, Inc. has a 12 month low of $59.43 and a 12 month high of $78.14.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 EPS for the quarter, topping 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 firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. The company’s revenue was down 4.0% on a year-over-year basis. On average, equities analysts expect that Yum! Brands, Inc. will post $2.81 earnings per share for the current year.
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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