Rehmann Capital Advisory Group cut its stake in shares of Yum Brands Inc. (NYSE:YUM) by 1.7% during the second quarter, Holdings Channel reports. The firm owned 8,451 shares of the restaurant operator’s stock after selling 150 shares during the period. Rehmann Capital Advisory Group’s holdings in Yum Brands were worth $701,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Kistler Tiffany Companies LLC boosted its position in 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. Washington Trust Bank boosted its position in 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. Capital Investment Advisors LLC boosted its position in Yum Brands by 0.8% in the first quarter. Capital Investment Advisors LLC now owns 3,833 shares of the restaurant operator’s stock valued at $314,000 after buying an additional 30 shares in the last quarter. WASHINGTON TRUST Co boosted its position in Yum Brands by 1.0% in the first quarter. WASHINGTON TRUST Co now owns 5,219 shares of the restaurant operator’s stock valued at $427,000 after buying an additional 52 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its position in Yum Brands by 2.3% in the second quarter. Checchi Capital Advisers LLC now owns 3,095 shares of the restaurant operator’s stock valued at $257,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 76.15% of the company’s stock.

Yum Brands Inc. (NYSE:YUM) traded up 0.40% during midday trading on Monday, reaching $88.39. 2,048,651 shares of the company’s stock traded hands. The stock has a market cap of $34.46 billion, a P/E ratio of 26.64 and a beta of 0.81. The company’s 50-day moving average price is $89.35 and its 200-day moving average price is $84.18. Yum Brands Inc. has a 52-week low of $64.58 and a 52-week high of $91.99.

Yum Brands (NYSE:YUM) last issued its quarterly earnings results on Wednesday, July 13th. The restaurant operator reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.07 billion. Yum Brands had a net margin of 10.97% and a return on equity of 213.02%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 EPS. On average, equities analysts predict that Yum Brands Inc. will post $3.69 EPS for the current fiscal year.

YUM has been the topic of several research analyst reports. Nomura reissued a “buy” rating on shares of Yum Brands in a report on Tuesday, July 12th. Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $93.00 price target on shares of Yum Brands in a report on Tuesday, May 24th. Vetr cut shares of Yum Brands from a “strong-buy” rating to a “buy” rating and set a $90.32 price target on the stock. in a report on Tuesday, May 24th. Royal Bank Of Canada reissued a “buy” rating on shares of Yum Brands in a report on Monday, July 11th. Finally, Cowen and Company reissued a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company’s stock. Yum Brands currently has an average rating of “Hold” and a consensus price target of $88.94.

In other news, CEO Roger G. Eaton sold 53,518 shares of the stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $91.72, for a total value of $4,908,670.96. Following the transaction, the chief executive officer now owns 245,736 shares of the company’s stock, valued at approximately $22,538,905.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Roger G. Eaton sold 26,282 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 110,418 shares in the company, valued at approximately $9,446,259.90. The disclosure for this sale can be found here. 7.38% of the stock is currently owned by insiders.

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.

5 Day Chart for NYSE:YUM

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