Yum! Brands, Inc. (YUM) Stake Lowered by Employees Retirement System of Texas
Employees Retirement System of Texas lowered its holdings in Yum! Brands, Inc. (NYSE:YUM) by 4.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,000 shares of the restaurant operator’s stock after selling 4,000 shares during the period. Employees Retirement System of Texas’ holdings in Yum! Brands were worth $6,491,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Acrospire Investment Management LLC purchased a new position in Yum! Brands during the second quarter worth about $104,000. Kistler Tiffany Companies LLC boosted its stake in Yum! Brands by 0.5% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock worth $113,000 after buying an additional 7 shares during the last quarter. Founders Capital Management boosted its stake in Yum! Brands by 164.5% in the 2nd quarter. Founders Capital Management now owns 1,640 shares of the restaurant operator’s stock worth $121,000 after buying an additional 1,020 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in Yum! Brands by 5.9% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,031 shares of the restaurant operator’s stock worth $130,000 after buying an additional 114 shares during the last quarter. Finally, Bruderman Asset Management LLC acquired a new stake in Yum! Brands in the 2nd quarter worth about $148,000. 72.06% of the stock is owned by institutional investors and hedge funds.
Several research firms have commented on YUM. Mizuho initiated coverage on Yum! Brands in a report on Thursday, June 8th. They issued a “neutral” rating and a $74.00 price target for the company. BidaskClub lowered shares of Yum! Brands from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Bank of America Corporation reiterated a “neutral” rating and set a $78.00 price objective (up from $72.00) on shares of Yum! Brands in a report on Tuesday, June 13th. Royal Bank Of Canada reissued a “buy” rating and issued a $75.00 target price on shares of Yum! Brands in a research report on Thursday, June 15th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Yum! Brands in a research report on Monday, July 3rd. Thirteen 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’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $79.89.
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Shares of Yum! Brands, Inc. (NYSE YUM) opened at 74.02 on Wednesday. Yum! Brands, Inc. has a 52 week low of $59.57 and a 52 week high of $78.14. The firm has a market cap of $25.52 billion, a price-to-earnings ratio of 19.65 and a beta of 0.81. The firm’s 50-day moving average price is $75.77 and its 200-day moving average price is $71.80.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.07. The company 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 was down 4.0% compared to the same quarter last year. During the same period last year, the business posted $0.75 earnings per share. Equities research analysts expect that Yum! Brands, Inc. will post $2.81 EPS for the current fiscal year.
In related news, CFO David W. Gibbs sold 8,336 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total transaction of $616,864.00. Following the completion of the sale, the chief financial officer now owns 39,664 shares in the company, valued at approximately $2,935,136. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.65% of the stock is currently owned by 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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