Virtu KCG Holdings LLC lessened its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 86.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,637 shares of the restaurant operator’s stock after selling 68,650 shares during the quarter. Virtu KCG Holdings LLC’s holdings in Yum! Brands were worth $785,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Kistler Tiffany Companies LLC increased its stake in Yum! Brands by 0.5% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock valued at $113,000 after purchasing an additional 7 shares in the last quarter. Bessemer Group Inc. increased its stake in Yum! Brands by 0.3% during the 2nd quarter. Bessemer Group Inc. now owns 5,943 shares of the restaurant operator’s stock valued at $438,000 after purchasing an additional 16 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in Yum! Brands by 0.5% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 6,719 shares of the restaurant operator’s stock valued at $496,000 after purchasing an additional 31 shares in the last quarter. Heritage Trust Co increased its stake in Yum! Brands by 1.3% during the 2nd quarter. Heritage Trust Co now owns 3,010 shares of the restaurant operator’s stock valued at $222,000 after purchasing an additional 40 shares in the last quarter. Finally, Needelman Asset Management Inc. increased its stake in Yum! Brands by 0.6% during the 2nd quarter. Needelman Asset Management Inc. now owns 11,470 shares of the restaurant operator’s stock valued at $846,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 72.06% of the company’s stock.

Shares of Yum! Brands, Inc. (NYSE:YUM) opened at 74.10 on Thursday. The stock has a market capitalization of $25.55 billion, a P/E ratio of 19.67 and a beta of 0.81. The firm’s 50-day moving average is $75.70 and its 200 day moving average is $71.82. Yum! Brands, Inc. has a 12-month low of $59.57 and a 12-month high of $78.14.

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

In related 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 value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 7.38% of the stock is currently owned by insiders.

A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Thursday, July 20th. CIBC lifted their price objective on shares of Yum! Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. BidaskClub raised shares of Yum! Brands from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. Mizuho began coverage on shares of Yum! Brands in a report on Thursday, June 8th. They set a “neutral” rating and a $74.00 price objective on the stock. Finally, BMO Capital Markets lifted their price objective on shares of Yum! Brands from $66.00 to $77.00 and gave the stock a “market perform” rating in a report on Thursday, August 3rd. Thirteen research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $79.89.

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Yum! Brands Company 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.

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

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