Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 357 Shares of Yum! Brands, Inc. (YUM)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 1.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,578 shares of the restaurant operator’s stock after selling 357 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Yum! Brands were worth $1,813,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Kistler Tiffany Companies LLC lifted its position in shares of 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 acquiring an additional 7 shares during the period. YorkBridge Wealth Partners LLC lifted its position in shares of Yum! Brands by 49.0% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 1,557 shares of the restaurant operator’s stock valued at $103,000 after acquiring an additional 512 shares during the period. Founders Capital Management lifted its position in shares of Yum! Brands by 164.5% during the 2nd quarter. Founders Capital Management now owns 1,640 shares of the restaurant operator’s stock valued at $121,000 after acquiring an additional 1,020 shares during the period. Bronfman E.L. Rothschild L.P. lifted its position in shares of Yum! Brands by 5.9% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,031 shares of the restaurant operator’s stock valued at $130,000 after acquiring an additional 114 shares during the period. Finally, Parallel Advisors LLC raised its holdings in Yum! Brands by 38.2% during the first quarter. Parallel Advisors LLC now owns 2,202 shares of the restaurant operator’s stock worth $150,000 after buying an additional 609 shares during the last quarter. Institutional investors own 72.04% of the company’s stock.

Yum! Brands, Inc. (YUM) opened at 75.97 on Friday. The company has a market cap of $26.19 billion, a price-to-earnings ratio of 20.17 and a beta of 0.83. The firm’s 50-day moving average is $76.04 and its 200-day moving average is $71.06. Yum! Brands, Inc. has a 12 month low of $59.57 and a 12 month high of $78.14.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.07. The business had revenue of $1.45 billion during 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 business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 EPS. On average, analysts anticipate that Yum! Brands, Inc. will post $2.81 EPS 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 dated Monday, July 3rd. The stock was sold at an average price of $73.82, for a total transaction of $109,770.34. Following the completion of the sale, the chief executive officer now directly owns 6,719 shares in the company, valued at approximately $495,996.58. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David W. Gibbs sold 8,336 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $74.00, for a total value of $616,864.00. Following the sale, the chief financial officer now owns 39,664 shares of the company’s stock, valued at $2,935,136. The disclosure for this sale can be found here. Insiders own 7.38% of the company’s stock.

Several research analysts have weighed in on YUM shares. Robert W. Baird restated a “hold” rating and set a $78.00 price objective on shares of Yum! Brands in a report on Friday, September 8th. Deutsche Bank AG restated a “hold” rating and set a $71.00 price objective (up previously from $68.00) on shares of Yum! Brands in a report on Tuesday, May 30th. Zacks Investment Research upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Thursday, July 20th. CIBC upped their price objective on shares of Yum! Brands from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, May 30th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $83.00 price objective on shares of Yum! Brands in a report on Monday, September 11th. Fifteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $80.31.

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.

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

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