Tudor Investment Corp ET AL decreased its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 27.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,807 shares of the restaurant operator’s stock after selling 13,779 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Yum! Brands were worth $2,715,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of YUM. BlackRock Inc. boosted its holdings in shares of Yum! Brands by 2,392.9% during the first quarter. BlackRock Inc. now owns 20,053,997 shares of the restaurant operator’s stock worth $1,281,452,000 after purchasing an additional 19,249,564 shares during the last quarter. Morgan Stanley raised its position in shares of Yum! Brands by 82.4% in the 1st quarter. Morgan Stanley now owns 4,757,237 shares of the restaurant operator’s stock worth $303,987,000 after buying an additional 2,148,751 shares during the period. Renaissance Technologies LLC raised its position in shares of Yum! Brands by 208.6% in the 1st quarter. Renaissance Technologies LLC now owns 2,625,400 shares of the restaurant operator’s stock worth $167,763,000 after buying an additional 1,774,600 shares during the period. Pioneer Investment Management Inc. purchased a new position in shares of Yum! Brands in the 2nd quarter worth $104,149,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Yum! Brands in the 2nd quarter worth $102,713,000. Institutional investors and hedge funds own 72.04% of the company’s stock.

Shares of Yum! Brands, Inc. (NYSE YUM) traded up 0.15% during mid-day trading on Friday, hitting $73.61. The stock had a trading volume of 1,942,271 shares. Yum! Brands, Inc. has a one year low of $59.57 and a one year high of $78.14. The company has a market cap of $25.38 billion, a PE ratio of 19.54 and a beta of 0.83. The firm’s 50 day moving average price is $76.04 and its 200-day moving average price is $71.06.

Yum! Brands (NYSE:YUM) last released its earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.07. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. Yum! Brands had a net margin of 16.76% and a negative return on equity of 24.95%. The business’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 EPS. On average, equities research analysts anticipate that Yum! Brands, Inc. will post $2.81 earnings per share for the current fiscal year.

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In other Yum! Brands news, CEO Brian R. Niccol sold 1,487 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $73.82, for a total transaction of $109,770.34. Following the completion of the transaction, the chief executive officer now owns 6,719 shares of the company’s stock, valued at approximately $495,996.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David W. Gibbs sold 8,336 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now directly owns 39,664 shares of the company’s stock, valued at approximately $2,935,136. The disclosure for this sale can be found here. 7.38% of the stock is owned by insiders.

YUM has been the topic of several research reports. Mizuho initiated coverage on Yum! Brands in a research report on Thursday, June 8th. They issued a “neutral” rating and a $74.00 target price on the stock. BidaskClub lowered Yum! Brands from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Bank of America Corporation reaffirmed a “neutral” rating and issued a $78.00 target price (up from $72.00) on shares of Yum! Brands in a research report on Tuesday, June 13th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $75.00 target price on shares of Yum! Brands in a research report on Thursday, June 15th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Yum! Brands in a research report on Monday, July 3rd. Fourteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Yum! Brands presently has an average rating of “Buy” and a consensus target price of $79.63.

Yum! Brands Profile

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.

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

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