Yum! Brands, Inc. (NYSE:YUM) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its holdings in Yum! Brands, Inc. (NYSE:YUM) by 34.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,365,523 shares of the restaurant operator’s stock after buying an additional 346,600 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.40% of Yum! Brands worth $100,721,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Kistler Tiffany Companies LLC lifted its holdings in Yum! Brands by 0.5% in the second quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock valued at $113,000 after buying an additional 7 shares during the period. Bessemer Group Inc. lifted its holdings in Yum! Brands by 0.3% in the second quarter. Bessemer Group Inc. now owns 5,943 shares of the restaurant operator’s stock valued at $438,000 after buying an additional 16 shares during the period. Stratos Wealth Partners LTD. increased its stake in Yum! Brands by 0.5% in the second 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% in the second 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% in the second 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 72.07% of the company’s stock.

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Shares of Yum! Brands, Inc. (NYSE YUM) traded up 0.60% during mid-day trading on Tuesday, reaching $76.67. 500,630 shares of the company’s stock were exchanged. Yum! Brands, Inc. has a 52-week low of $59.57 and a 52-week high of $78.14. The company’s 50-day moving average price is $75.69 and its 200 day moving average price is $72.50. The company has a market cap of $26.43 billion, a PE ratio of 20.35 and a beta of 0.81.

Yum! Brands (NYSE:YUM) last posted its earnings results 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. Yum! Brands had a net margin of 16.76% and a negative return on equity of 24.95%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The business’s revenue was down 4.0% compared to the same quarter last year. On average, equities research analysts predict that Yum! Brands, Inc. will post $2.81 EPS for the current year.

In related news, CFO David W. Gibbs sold 8,336 shares of the stock in a transaction dated Wednesday, August 9th. The shares were 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 owns 39,664 shares in the company, valued at $2,935,136. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.65% of the company’s stock.

Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Thursday, July 20th. CIBC upped their target price on shares of Yum! Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, September 8th. Robert W. Baird reaffirmed a “hold” rating and issued a $78.00 target price on shares of Yum! Brands in a research note on Thursday, October 12th. BidaskClub raised shares of Yum! Brands from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Finally, BMO Capital Markets upped their target price on shares of Yum! Brands from $66.00 to $77.00 and gave the company a “market perform” rating in a research note on Thursday, August 3rd. Eleven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $79.89.

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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