Yum! Brands, Inc. (YUM) Shares Bought by Gotham Asset Management LLC
Gotham Asset Management LLC boosted its position in Yum! Brands, Inc. (NYSE:YUM) by 12.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 477,427 shares of the restaurant operator’s stock after purchasing an additional 53,341 shares during the period. Gotham Asset Management LLC owned approximately 0.14% of Yum! Brands worth $35,215,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in Yum! Brands by 1.0% in the second quarter. Principal Financial Group Inc. now owns 985,546 shares of the restaurant operator’s stock worth $72,694,000 after purchasing an additional 9,754 shares during the period. Teachers Advisors LLC lifted its position in Yum! Brands by 25.7% in the second quarter. Teachers Advisors LLC now owns 556,212 shares of the restaurant operator’s stock worth $41,026,000 after purchasing an additional 113,582 shares during the period. Whalerock Point Partners LLC lifted its position in Yum! Brands by 3.0% in the second quarter. Whalerock Point Partners LLC now owns 8,500 shares of the restaurant operator’s stock worth $627,000 after purchasing an additional 250 shares during the period. Delta Lloyd Asset Management N.V. acquired a new stake in Yum! Brands in the second quarter worth approximately $13,136,000. Finally, Bank of Montreal Can lifted its position in Yum! Brands by 81.5% in the second quarter. Bank of Montreal Can now owns 754,879 shares of the restaurant operator’s stock worth $55,679,000 after purchasing an additional 338,941 shares during the period. Hedge funds and other institutional investors own 72.06% of the company’s stock.
YUM has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Tuesday, August 1st. Royal Bank Of Canada restated an “outperform” rating and issued a $83.00 target price on shares of Yum! Brands in a research report on Monday, September 11th. Stifel Nicolaus initiated coverage on Yum! Brands in a research report on Monday. They issued a “buy” rating and a $88.00 target price for the company. BidaskClub downgraded Yum! Brands from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 1st. Finally, Deutsche Bank AG restated a “hold” rating and issued a $75.00 target price (up from $71.00) on shares of Yum! Brands in a research report on Monday, July 10th. Thirteen investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $79.89.
In related news, CFO David W. Gibbs sold 8,336 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $74.00, for a total transaction of $616,864.00. Following the sale, the chief financial officer now directly owns 39,664 shares in the company, valued at $2,935,136. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 7.38% of the company’s stock.
Yum! Brands, Inc. (NYSE YUM) traded up 0.97% during trading on Thursday, hitting $74.82. 595,951 shares of the stock traded hands. The company has a market capitalization of $25.80 billion, a P/E ratio of 19.86 and a beta of 0.81. Yum! Brands, Inc. has a one year low of $59.57 and a one year high of $78.14. The company’s 50 day moving average is $75.70 and its 200 day moving average is $71.82.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the business posted $0.75 earnings per share. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities analysts forecast that Yum! Brands, Inc. will post $2.81 EPS for the current fiscal year.
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About Yum! Brands
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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