Caxton Associates LP Has $7.38 Million Stake in Yum! Brands, Inc. (YUM)
Caxton Associates LP reduced its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 75.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 100,000 shares of the restaurant operator’s stock after selling 314,900 shares during the quarter. Caxton Associates LP’s holdings in Yum! Brands were worth $7,376,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Cubist Systematic Strategies LLC boosted its position in shares of Yum! Brands by 29.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 62,557 shares of the restaurant operator’s stock worth $4,614,000 after acquiring an additional 14,386 shares in the last quarter. Carret Asset Management LLC acquired a new position in shares of Yum! Brands during the 2nd quarter worth about $226,000. Kingdon Capital Management L.L.C. acquired a new position in shares of Yum! Brands during the 2nd quarter worth about $7,880,000. Maverick Capital Ltd. acquired a new position in shares of Yum! Brands during the 2nd quarter worth about $2,646,000. Finally, Gotham Asset Management LLC boosted its position in shares of Yum! Brands by 12.6% during the 2nd quarter. Gotham Asset Management LLC now owns 477,427 shares of the restaurant operator’s stock worth $35,215,000 after acquiring an additional 53,341 shares in the last quarter. 72.06% of the stock is owned by institutional investors and hedge funds.
In other news, CFO David W. Gibbs sold 8,336 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total transaction of $616,864.00. Following the completion of the transaction, the chief financial officer now directly owns 39,664 shares in the company, valued at $2,935,136. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 7.38% of the company’s stock.
Shares of Yum! Brands, Inc. (YUM) traded up 1.81% during trading on Friday, hitting $75.93. The stock had a trading volume of 2,748,361 shares. The firm has a market cap of $26.18 billion, a P/E ratio of 20.16 and a beta of 0.81. Yum! Brands, Inc. has a one year low of $59.57 and a one year high of $78.14. The firm’s 50-day moving average is $75.66 and its 200-day moving average is $71.93.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.07. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The business’s revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 earnings per share. Equities research analysts forecast that Yum! Brands, Inc. will post $2.81 EPS for the current year.
Several research analysts have recently issued reports on YUM shares. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Yum! Brands in a research report on Tuesday, July 25th. BidaskClub cut Yum! Brands from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Argus reaffirmed a “buy” rating and set a $88.00 price objective (up from $80.00) on shares of Yum! Brands in a research report on Wednesday, August 23rd. Zacks Investment Research cut Yum! Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Oppenheimer Holdings, Inc. upped their target price on Yum! Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, September 8th. Eleven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $79.89.
About Yum! Brands
YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.
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