Bristol John W & Co. Inc. NY Has $55.05 Million Stake in Yum! Brands, Inc. (NYSE:YUM)

Bristol John W & Co. Inc. NY cut its stake in Yum! Brands, Inc. (NYSE:YUM) by 24.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 551,584 shares of the restaurant operator’s stock after selling 182,439 shares during the quarter. Bristol John W & Co. Inc. NY owned 0.18% of Yum! Brands worth $55,054,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in YUM. Oregon Public Employees Retirement Fund grew its stake in shares of Yum! Brands by 6,899.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,916,798 shares of the restaurant operator’s stock worth $64,000 after acquiring an additional 5,832,264 shares during the period. Norges Bank bought a new stake in Yum! Brands during the fourth quarter valued at approximately $292,344,000. Two Sigma Investments LP grew its position in Yum! Brands by 63.9% during the fourth quarter. Two Sigma Investments LP now owns 2,008,383 shares of the restaurant operator’s stock valued at $184,611,000 after buying an additional 783,149 shares during the period. Acadian Asset Management LLC grew its position in Yum! Brands by 118.0% during the fourth quarter. Acadian Asset Management LLC now owns 1,390,826 shares of the restaurant operator’s stock valued at $127,843,000 after buying an additional 752,837 shares during the period. Finally, Federated Investors Inc. PA grew its position in Yum! Brands by 608.2% during the third quarter. Federated Investors Inc. PA now owns 721,958 shares of the restaurant operator’s stock valued at $65,633,000 after buying an additional 620,015 shares during the period. Hedge funds and other institutional investors own 74.93% of the company’s stock.

Yum! Brands stock opened at $102.72 on Friday. Yum! Brands, Inc. has a 52-week low of $77.09 and a 52-week high of $104.47. The firm has a market cap of $31.42 billion, a P/E ratio of 32.40, a price-to-earnings-growth ratio of 2.15 and a beta of 0.56.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Yum! Brands had a net margin of 27.11% and a negative return on equity of 14.19%. The business’s revenue was down 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.90 earnings per share. As a group, equities analysts forecast that Yum! Brands, Inc. will post 3.81 EPS for the current year.

In other news, CFO David W. Gibbs sold 1,537 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $101.49, for a total value of $155,990.13. Following the transaction, the chief financial officer now directly owns 43,516 shares in the company, valued at $4,416,438.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO David W. Gibbs sold 1,531 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $99.54, for a total transaction of $152,395.74. Following the completion of the transaction, the chief financial officer now owns 41,345 shares in the company, valued at $4,115,481.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 98,922 shares of company stock worth $9,384,824. Company insiders own 0.67% of the company’s stock.

A number of research firms have weighed in on YUM. Goldman Sachs Group lowered shares of Yum! Brands from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $83.00 to $76.00 in a research report on Friday, January 11th. Zacks Investment Research upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Saturday, January 12th. BMO Capital Markets upped their price target on shares of Yum! Brands to $100.00 and gave the stock a “market perform” rating in a research report on Friday, February 8th. JPMorgan Chase & Co. lowered shares of Yum! Brands from an “overweight” rating to a “neutral” rating and set a $94.00 price target for the company. in a research report on Tuesday, March 19th. Finally, Mizuho downgraded shares of Yum! Brands from a “buy” rating to a “neutral” rating and set a $84.00 target price on the stock. in a report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Yum! Brands currently has a consensus rating of “Hold” and a consensus price target of $98.17.

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About Yum! Brands

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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