Zeke Capital Advisors LLC Increases Stake in Yum! Brands, Inc. (NYSE:YUM)

Zeke Capital Advisors LLC grew its stake in Yum! Brands, Inc. (NYSE:YUM) by 0.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 44,703 shares of the restaurant operator’s stock after buying an additional 359 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Yum! Brands were worth $4,947,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in YUM. FMR LLC boosted its stake in shares of Yum! Brands by 139.0% in the 1st quarter. FMR LLC now owns 2,658,807 shares of the restaurant operator’s stock valued at $265,376,000 after buying an additional 1,546,142 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Yum! Brands by 233.9% in the 1st quarter. Janus Henderson Group PLC now owns 845,079 shares of the restaurant operator’s stock valued at $84,348,000 after buying an additional 591,961 shares during the period. BlackRock Inc. boosted its stake in shares of Yum! Brands by 2.7% in the 1st quarter. BlackRock Inc. now owns 22,186,539 shares of the restaurant operator’s stock valued at $2,214,439,000 after buying an additional 591,322 shares during the period. Magellan Asset Management Ltd boosted its stake in shares of Yum! Brands by 2.2% in the 1st quarter. Magellan Asset Management Ltd now owns 15,768,541 shares of the restaurant operator’s stock valued at $1,573,858,000 after buying an additional 338,339 shares during the period. Finally, California Public Employees Retirement System boosted its stake in shares of Yum! Brands by 19.6% in the 1st quarter. California Public Employees Retirement System now owns 1,999,881 shares of the restaurant operator’s stock valued at $199,608,000 after buying an additional 327,242 shares during the period. Institutional investors and hedge funds own 74.83% of the company’s stock.

Several equities analysts have recently issued reports on YUM shares. Citigroup lifted their price objective on Yum! Brands from $103.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Longbow Research cut Yum! Brands from a “neutral” rating to an “underperform” rating and set a $91.00 target price for the company. in a research note on Monday, July 1st. Robert W. Baird restated an “outperform” rating and set a $112.00 target price on shares of Yum! Brands in a research note on Monday, April 29th. JPMorgan Chase & Co. boosted their target price on Yum! Brands from $97.00 to $102.00 and gave the stock a “neutral” rating in a research note on Friday, June 28th. Finally, BTIG Research boosted their target price on Yum! Brands to $130.00 and gave the stock a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $107.06.

In other Yum! Brands news, CFO David W. Gibbs sold 1,531 shares of Yum! Brands stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $100.25, for a total transaction of $153,482.75. Following the transaction, the chief financial officer now owns 43,516 shares of the company’s stock, valued at $4,362,479. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO David W. Gibbs sold 1,577 shares of Yum! Brands stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $111.29, for a total value of $175,504.33. Following the transaction, the chief financial officer now directly owns 43,867 shares in the company, valued at approximately $4,881,958.43. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,458 shares of company stock worth $6,203,386. 0.67% of the stock is currently owned by corporate insiders.

YUM stock traded up $0.41 during trading on Friday, hitting $117.35. 1,764,385 shares of the company’s stock were exchanged, compared to its average volume of 1,250,249. The firm’s 50-day moving average price is $111.39. The firm has a market capitalization of $35.78 billion, a PE ratio of 36.66, a price-to-earnings-growth ratio of 2.55 and a beta of 0.53. Yum! Brands, Inc. has a 52-week low of $80.67 and a 52-week high of $119.72.

Yum! Brands (NYSE:YUM) last posted its earnings results on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.06. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Yum! Brands had a negative return on equity of 13.02% and a net margin of 24.29%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 earnings per share. Equities research analysts predict that Yum! Brands, Inc. will post 3.85 EPS for the current fiscal year.

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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