Financial Advocates Investment Management trimmed its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 15.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,947 shares of the restaurant operator’s stock after selling 348 shares during the quarter. Financial Advocates Investment Management’s holdings in Yum! Brands were worth $110,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the business. Stone Ridge Asset Management LLC purchased a new position in Yum! Brands during the 3rd quarter worth $219,000. MML Investors Services LLC grew its stake in Yum! Brands by 36.2% during the 3rd quarter. MML Investors Services LLC now owns 15,090 shares of the restaurant operator’s stock valued at $1,372,000 after purchasing an additional 4,011 shares during the last quarter. Alliancebernstein L.P. grew its stake in Yum! Brands by 10.8% during the 3rd quarter. Alliancebernstein L.P. now owns 610,849 shares of the restaurant operator’s stock valued at $55,532,000 after purchasing an additional 59,492 shares during the last quarter. AXA grew its stake in Yum! Brands by 54.6% during the 3rd quarter. AXA now owns 181,403 shares of the restaurant operator’s stock valued at $16,492,000 after purchasing an additional 64,100 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Yum! Brands by 5.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,459,185 shares of the restaurant operator’s stock valued at $496,295,000 after purchasing an additional 264,177 shares during the last quarter. 74.89% of the stock is owned by hedge funds and other institutional investors.
Several analysts have weighed in on the company. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $112.00 price target on the stock in a research note on Tuesday, April 9th. Citigroup dropped their price target on Yum! Brands from $104.00 to $103.00 and set a “neutral” rating on the stock in a research note on Thursday, April 4th. Mizuho downgraded Yum! Brands from a “buy” rating to a “neutral” rating and set a $84.00 price target on the stock. in a research note on Wednesday, March 20th. JPMorgan Chase & Co. downgraded Yum! Brands from an “overweight” rating to a “neutral” rating and set a $94.00 price target on the stock. in a research note on Tuesday, March 19th. Finally, BMO Capital Markets boosted their price target on Yum! Brands to $100.00 and gave the company a “market perform” rating in a research note on Friday, February 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $95.21.
Shares of YUM stock traded up $0.24 on Monday, hitting $101.64. The company had a trading volume of 1,204,634 shares, compared to its average volume of 1,804,375. The stock has a market cap of $31.02 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 2.08 and a beta of 0.55. Yum! Brands, Inc. has a twelve month low of $77.09 and a twelve month high of $102.16.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Thursday, February 7th. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.57). The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.57 billion. Yum! Brands had a net margin of 27.11% and a negative return on equity of 14.19%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the firm earned $0.96 EPS. As a group, research analysts expect that Yum! Brands, Inc. will post 3.81 EPS for the current year.
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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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