Strengthening Families & Communities LLC grew its holdings in shares of Yum! Brands, Inc. (NYSE:YUM – Free Report) by 7.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 18,128 shares of the restaurant operator’s stock after acquiring an additional 1,269 shares during the period. Strengthening Families & Communities LLC’s holdings in Yum! Brands were worth $2,533,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the business. Capital World Investors increased its position in shares of Yum! Brands by 23.7% during the first quarter. Capital World Investors now owns 18,121,611 shares of the restaurant operator’s stock valued at $2,512,561,000 after acquiring an additional 3,470,883 shares in the last quarter. Capital International Investors increased its position in shares of Yum! Brands by 10.2% during the first quarter. Capital International Investors now owns 14,669,356 shares of the restaurant operator’s stock valued at $2,033,906,000 after acquiring an additional 1,362,813 shares in the last quarter. Epoch Investment Partners Inc. increased its position in shares of Yum! Brands by 34.1% during the first quarter. Epoch Investment Partners Inc. now owns 1,681,933 shares of the restaurant operator’s stock valued at $233,200,000 after acquiring an additional 427,487 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of Yum! Brands by 5,077.1% during the third quarter. Los Angeles Capital Management LLC now owns 182,130 shares of the restaurant operator’s stock valued at $25,445,000 after acquiring an additional 178,612 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Yum! Brands by 14,151.9% during the third quarter. International Assets Investment Management LLC now owns 148,220 shares of the restaurant operator’s stock valued at $20,708,000 after acquiring an additional 147,180 shares in the last quarter. 82.37% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Yum! Brands
In other news, CEO David W. Gibbs sold 7,005 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $134.43, for a total value of $941,682.15. Following the sale, the chief executive officer now directly owns 152,634 shares in the company, valued at $20,518,588.62. The trade was a 4.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.31% of the company’s stock.
Yum! Brands Stock Down 2.3 %
Yum! Brands (NYSE:YUM – Get Free Report) last posted its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the firm earned $1.44 earnings per share. The business’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts anticipate that Yum! Brands, Inc. will post 5.48 EPS for the current fiscal year.
Wall Street Analyst Weigh In
YUM has been the subject of a number of research analyst reports. Stifel Nicolaus cut their target price on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Bank of America cut their target price on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. TD Cowen reaffirmed a “hold” rating and issued a $145.00 target price on shares of Yum! Brands in a research report on Wednesday, November 6th. Loop Capital cut their price objective on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Finally, Redburn Atlantic downgraded shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Yum! Brands has a consensus rating of “Hold” and a consensus price target of $145.94.
Read Our Latest Stock Analysis on Yum! Brands
Yum! Brands Company Profile
Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division segments. It also operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.
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