Ray Gerald L & Associates Ltd. cut its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,681 shares of the restaurant operator’s stock after selling 100 shares during the period. Ray Gerald L & Associates Ltd.’s holdings in Yum! Brands were worth $1,599,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. South State Corp increased its stake in shares of Yum! Brands by 13.9% in the first quarter. South State Corp now owns 56,768 shares of the restaurant operator’s stock valued at $3,627,000 after buying an additional 6,931 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Yum! Brands by 81.5% in the second quarter. Bank of Montreal Can now owns 754,879 shares of the restaurant operator’s stock valued at $55,679,000 after buying an additional 338,941 shares in the last quarter. Windsor Capital Management LLC increased its stake in shares of Yum! Brands by 7.6% in the first quarter. Windsor Capital Management LLC now owns 9,855 shares of the restaurant operator’s stock valued at $629,000 after buying an additional 693 shares in the last quarter. Morgan Stanley increased its stake in shares of Yum! Brands by 82.4% in the first quarter. Morgan Stanley now owns 4,757,237 shares of the restaurant operator’s stock valued at $303,987,000 after buying an additional 2,148,751 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Yum! Brands by 17.9% in the first quarter. First Trust Advisors LP now owns 189,796 shares of the restaurant operator’s stock valued at $12,128,000 after buying an additional 28,799 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of Yum! Brands, Inc. (YUM) traded down 0.16% during midday trading on Tuesday, hitting $76.09. 62,276 shares of the stock were exchanged. Yum! Brands, Inc. has a one year low of $59.57 and a one year high of $91.99. The firm has a 50 day moving average of $75.03 and a 200-day moving average of $69.89. The company has a market cap of $26.23 billion, a price-to-earnings ratio of 20.20 and a beta of 0.82.

Yum! Brands (NYSE:YUM) last announced its earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.07. The firm had revenue of $1.45 billion for 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 firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 EPS. Equities analysts expect that Yum! Brands, Inc. will post $2.82 EPS for the current year.

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YUM has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Tuesday, August 1st. BidaskClub upgraded shares of Yum! Brands from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $78.00 price target (up from $75.00) on shares of Yum! Brands in a report on Tuesday, May 30th. Cowen and Company upped their price target on shares of Yum! Brands from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, May 4th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $75.00 price target (up from $71.00) on shares of Yum! Brands in a report on Monday, July 10th. Fifteen equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. Yum! Brands presently has a consensus rating of “Buy” and an average target price of $78.98.

In other Yum! Brands news, CEO Brian R. Niccol sold 1,471 shares of Yum! Brands stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $72.64, for a total transaction of $106,853.44. Following the sale, the chief executive officer now owns 6,712 shares of the company’s stock, valued at approximately $487,559.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian R. Niccol sold 1,487 shares of Yum! Brands stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $73.82, for a total value of $109,770.34. Following the sale, the chief executive officer now directly owns 6,719 shares in the company, valued at approximately $495,996.58. The disclosure for this sale can be found here. Insiders have sold a total of 11,294 shares of company stock worth $833,488 in the last ninety days. 0.65% of the stock is owned by company insiders.

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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