Yum! Brands, Inc. (NYSE:YUM) Stock Position Decreased by Creative Planning

Creative Planning lessened its holdings in Yum! Brands, Inc. (NYSE:YUM) by 0.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 175,414 shares of the restaurant operator’s stock after selling 103 shares during the period. Creative Planning owned about 0.06% of Yum! Brands worth $19,413,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its position in shares of Yum! Brands by 2.7% in the first quarter. BlackRock Inc. now owns 22,186,539 shares of the restaurant operator’s stock worth $2,214,439,000 after buying an additional 591,322 shares during the period. Magellan Asset Management Ltd raised its holdings in shares of Yum! Brands by 2.2% during the first quarter. Magellan Asset Management Ltd now owns 15,768,541 shares of the restaurant operator’s stock worth $1,573,858,000 after acquiring an additional 338,339 shares in the last quarter. Sustainable Growth Advisers LP raised its holdings in shares of Yum! Brands by 0.4% during the first quarter. Sustainable Growth Advisers LP now owns 4,507,107 shares of the restaurant operator’s stock worth $449,854,000 after acquiring an additional 19,362 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Yum! Brands by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 3,883,831 shares of the restaurant operator’s stock worth $356,348,000 after acquiring an additional 260,681 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Yum! Brands by 139.0% during the first quarter. FMR LLC now owns 2,658,807 shares of the restaurant operator’s stock worth $265,376,000 after acquiring an additional 1,546,142 shares in the last quarter. 74.88% of the stock is owned by institutional investors and hedge funds.

Several analysts recently issued reports on YUM shares. BMO Capital Markets increased their price objective on Yum! Brands to $112.00 and gave the stock a “market perform” rating in a report on Friday. They noted that the move was a valuation call. Edward Jones lowered Yum! Brands from a “buy” rating to a “hold” rating in a report on Monday, July 1st. Goldman Sachs Group started coverage on Yum! Brands in a report on Monday, July 29th. They set a “neutral” rating and a $115.00 price objective for the company. UBS Group increased their price objective on Yum! Brands from $105.00 to $112.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, Credit Suisse Group started coverage on Yum! Brands in a report on Tuesday, June 25th. They set a “neutral” rating and a $106.00 price objective for the company. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $107.06.

In other Yum! Brands news, CEO Greg Creed sold 44,949 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $105.82, for a total transaction of $4,756,503.18. Following the transaction, the chief executive officer now directly owns 158,745 shares in the company, valued at $16,798,395.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO David W. Gibbs sold 1,577 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $111.29, for a total value of $175,504.33. Following the completion of the sale, the chief financial officer now directly owns 43,867 shares in the company, valued at $4,881,958.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,458 shares of company stock worth $6,203,386. Corporate insiders own 0.67% of the company’s stock.

NYSE YUM traded up $0.64 during trading on Tuesday, hitting $115.71. 65,073 shares of the company traded hands, compared to its average volume of 1,274,418. Yum! Brands, Inc. has a 12 month low of $80.81 and a 12 month high of $119.72. The business’s fifty day simple moving average is $111.81. The company has a market cap of $35.91 billion, a P/E ratio of 36.44, a P/E/G ratio of 2.49 and a beta of 0.53.

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, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.06. Yum! Brands had a negative return on equity of 13.02% and a net margin of 24.29%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company earned $0.82 earnings per share. The business’s revenue was down 4.2% compared to the same quarter last year. Research analysts predict that Yum! Brands, Inc. will post 3.85 EPS for the current fiscal year.

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.

Further Reading: Straddles

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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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