BB&T Corp Sells 747 Shares of Yum! Brands, Inc. (YUM)

BB&T Corp reduced its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 1.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 65,791 shares of the restaurant operator’s stock after selling 747 shares during the quarter. BB&T Corp’s holdings in Yum! Brands were worth $6,567,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of YUM. Advisors Asset Management Inc. raised its holdings in Yum! Brands by 14.6% during the third quarter. Advisors Asset Management Inc. now owns 15,173 shares of the restaurant operator’s stock valued at $1,379,000 after buying an additional 1,933 shares in the last quarter. AQR Capital Management LLC raised its holdings in Yum! Brands by 20.6% during the third quarter. AQR Capital Management LLC now owns 255,818 shares of the restaurant operator’s stock valued at $23,256,000 after buying an additional 43,748 shares in the last quarter. Kentucky Retirement Systems bought a new position in Yum! Brands during the third quarter valued at about $2,780,000. TIAA CREF Investment Management LLC raised its holdings in Yum! Brands by 37.4% during the third quarter. TIAA CREF Investment Management LLC now owns 1,424,785 shares of the restaurant operator’s stock valued at $129,527,000 after buying an additional 388,027 shares in the last quarter. Finally, Beaton Management Co. Inc. bought a new position in Yum! Brands during the third quarter valued at about $210,000. Institutional investors own 75.01% of the company’s stock.

In related news, VP David Eric Russell sold 5,872 shares of Yum! Brands stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $100.00, for a total transaction of $587,200.00. Following the sale, the vice president now directly owns 23,653 shares of the company’s stock, valued at $2,365,300. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO David W. Gibbs sold 1,537 shares of Yum! Brands stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $101.49, for a total value of $155,990.13. Following the sale, the chief financial officer now directly owns 43,516 shares in the company, valued at $4,416,438.84. The disclosure for this sale can be found here. Insiders sold 98,922 shares of company stock worth $9,384,824 over the last quarter. 0.67% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently commented on YUM shares. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a research note on Monday, February 11th. BMO Capital Markets lifted their price objective on Yum! Brands to $100.00 and gave the stock a “market perform” rating in a research note on Friday, February 8th. Finally, Citigroup dropped their price objective 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. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Yum! Brands has a consensus rating of “Hold” and an average target price of $95.21.

Yum! Brands stock opened at $103.34 on Thursday. The stock has a market capitalization of $31.70 billion, a PE ratio of 32.60, a price-to-earnings-growth ratio of 2.13 and a beta of 0.55. Yum! Brands, Inc. has a 52 week low of $77.09 and a 52 week high of $104.19.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Thursday, February 7th. The restaurant operator reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.57). The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.57 billion. Yum! Brands had a negative return on equity of 14.19% and a net margin of 27.11%. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 earnings per share. On average, research analysts predict that Yum! Brands, Inc. will post 3.81 EPS for the current fiscal year.

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Yum! Brands 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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