Emerging Sovereign Group Lowers stake in Yum! Brands (YUM)

Yum! Brands (YUM) : Emerging Sovereign Group reduced its stake in Yum! Brands by 39.52% during the most recent quarter end. The investment management company now holds a total of 2,104,261 shares of Yum! Brands which is valued at $169 Million after selling 1,375,200 shares in Yum! Brands , the firm said in a disclosure report filed with the SEC on May 13, 2016.Yum! Brands makes up approximately 10.42% of Emerging Sovereign Group’s portfolio.

Other Hedge Funds, Including , Citadel Advisors reduced its stake in YUM by selling 621,323 shares or 83.86% in the most recent quarter. The Hedge Fund company now holds 119,550 shares of YUM which is valued at $9.6 Million. Yum! Brands makes up approx 0.03% of Citadel Advisors’s portfolio.Jefferies Group boosted its stake in YUM in the latest quarter, The investment management firm added 3,118 additional shares and now holds a total of 3,468 shares of Yum! Brands which is valued at $278,480. Yum! Brands makes up approx 0.01% of Jefferies Group’s portfolio.Rhumbline Advisers reduced its stake in YUM by selling 968 shares or 0.17% in the most recent quarter. The Hedge Fund company now holds 584,742 shares of YUM which is valued at $47.3 Million. Yum! Brands makes up approx 0.15% of Rhumbline Advisers’s portfolio.Alexandria Capital reduced its stake in YUM by selling 149 shares or 32.96% in the most recent quarter. The Hedge Fund company now holds 303 shares of YUM which is valued at $24,107.

Yum! Brands opened for trading at $82.18 and hit $82.96 on the upside on Wednesday, eventually ending the session at $82.6, with a gain of 0.57% or 0.47 points. The heightened volatility saw the trading volume jump to 46,74,955 shares. Company has a market cap of $33,655 M.

On the company’s financial health, Yum! Brands reported $0.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.83. The company had revenue of $2619.00 million for the quarter, compared to analysts expectations of $2655.41 million. The company’s revenue was down -.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.80 EPS.

Many Wall Street Analysts have commented on Yum! Brands. Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 94 from a previous price target of $90 .Company shares were Reiterated by UBS on Apr 22, 2016 to “Buy”, Firm has raised the Price Target to $ 97 from a previous price target of $95 .Yum! Brands was Downgraded by Credit Agricole to ” Underperform” on Apr 13, 2016.

YUM! Brands Inc. (YUM) is engaged in restaurant business. YUM develops operates franchises and licenses a system of both traditional and non-traditional Quick Service Restaurants (QSR) which prepare package and sell a menu of food items. YUM operates in five segments: YUM China which includes all operations in mainland China; YUM India which includes all operations in India Bangladesh Nepal and Sri Lanka; The KFC Division which includes all operations of the KFC concept outside of China Division and India Division; The Pizza Hut Division which includes all operations of the Pizza Hut concept outside of China Division and India Division; and the Taco Bell Division which includes all operations of the Taco Bell concept outside of India Division. Its three Concepts focus on the chicken pizza and Mexican-style food categories. The Company operates approximately 41000 restaurants in approximately 125 countries and territories.

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