Pitcairn Co. Sells 10,685 Shares of Yum Brands Inc. (YUM)
Pitcairn Co. decreased its position in Yum Brands Inc. (NYSE:YUM) by 52.6% during the second quarter, Holdings Channel reports. The institutional investor owned 9,642 shares of the restaurant operator’s stock after selling 10,685 shares during the period. Pitcairn Co.’s holdings in Yum Brands were worth $800,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of YUM. Zions Bancorporation increased its stake in shares of Yum Brands by 17.1% in the first quarter. Zions Bancorporation now owns 1,508 shares of the restaurant operator’s stock valued at $121,000 after buying an additional 220 shares in the last quarter. Vigilant Capital Management LLC increased its stake in shares of Yum Brands by 5.9% in the second quarter. Vigilant Capital Management LLC now owns 1,694 shares of the restaurant operator’s stock valued at $140,000 after buying an additional 94 shares in the last quarter. Washington Trust Bank increased its stake in shares of Yum Brands by 1.4% in the second quarter. Washington Trust Bank now owns 2,002 shares of the restaurant operator’s stock valued at $166,000 after buying an additional 28 shares in the last quarter. Hartford Financial Management Inc. purchased a new stake in shares of Yum Brands during the second quarter valued at approximately $177,000. Finally, Kistler Tiffany Companies LLC increased its stake in shares of Yum Brands by 0.5% in the second quarter. Kistler Tiffany Companies LLC now owns 2,246 shares of the restaurant operator’s stock valued at $186,000 after buying an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.
Yum Brands Inc. (NYSE:YUM) traded up 0.92% during midday trading on Wednesday, hitting $89.63. The stock had a trading volume of 1,690,041 shares. Yum Brands Inc. has a 1-year low of $64.58 and a 1-year high of $91.99. The stock has a market capitalization of $34.95 billion, a PE ratio of 27.01 and a beta of 0.81. The stock’s 50-day moving average is $89.37 and its 200-day moving average is $84.29.
Yum Brands (NYSE:YUM) last released its quarterly earnings data on Wednesday, July 13th. The restaurant operator reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The firm earned $3.01 billion during the quarter, compared to the consensus estimate of $3.07 billion. Yum Brands had a return on equity of 213.02% and a net margin of 10.97%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.69 earnings per share. On average, equities research analysts anticipate that Yum Brands Inc. will post $3.69 EPS for the current fiscal year.
YUM has been the topic of several recent analyst reports. Robert W. Baird restated a “neutral” rating and issued a $92.00 target price on shares of Yum Brands in a research note on Wednesday, September 7th. Zacks Investment Research downgraded shares of Yum Brands from a “hold” rating to a “sell” rating in a research report on Monday. Vetr downgraded shares of Yum Brands from a “buy” rating to a “hold” rating and set a $86.90 price target on the stock. in a research report on Monday, June 20th. Nomura reiterated a “buy” rating and set a $95.00 price target (up previously from $92.00) on shares of Yum Brands in a research report on Wednesday, June 22nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Yum Brands from $90.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, July 14th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company’s stock. Yum Brands presently has an average rating of “Hold” and an average target price of $88.94.
In related news, CEO Roger G. Eaton sold 26,282 shares of Yum Brands stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of $85.55, for a total transaction of $2,248,425.10. Following the transaction, the chief executive officer now owns 110,418 shares of the company’s stock, valued at $9,446,259.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Muktesh Pant sold 91,228 shares of Yum Brands stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $89.94, for a total value of $8,205,046.32. Following the transaction, the chief executive officer now directly owns 62,660 shares in the company, valued at approximately $5,635,640.40. The disclosure for this sale can be found here. Insiders own 7.38% of the company’s stock.
Yum Brands Company Profile
YUM! Brands, Inc (YUM) is engaged in restaurant business. The Company develops, operates, franchises and licenses an across the world system of restaurants, which prepare, package and sell a menu of food items, primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts). YUM operates through four segments: YUM China (China Division), which includes all operations in mainland China; The KFC Division, which includes all operations of the KFC concept outside of China Division; The Pizza Hut Division, which includes all operations of the Pizza Hut concept outside of China Division, and the Taco Bell Division, which includes all operations of the Taco Bell concept.
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