Deimos Asset Management buys $3.2 Million stake in Yum! Brands (YUM)

Yum! Brands (YUM) : Deimos Asset Management scooped up 32,120 additional shares in Yum! Brands during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 40,000 shares of Yum! Brands which is valued at $3.2 Million.Yum! Brands makes up approximately 2.71% of Deimos Asset Management’s portfolio.

Other Hedge Funds, Including , Herndon Capital Management reduced its stake in YUM by selling 87,914 shares or 14.52% in the most recent quarter. The Hedge Fund company now holds 517,740 shares of YUM which is valued at $41.6 Million. Yum! Brands makes up approx 1.08% of Herndon Capital Management’s portfolio. Artisan Partners Limited Partnership sold out all of its stake in YUM during the most recent quarter. The investment firm sold 94,021 shares of YUM which is valued $7.5 Million.Holland Capital Management reduced its stake in YUM by selling 7,098 shares or 1.35% in the most recent quarter. The Hedge Fund company now holds 519,916 shares of YUM which is valued at $41.7 Million. Yum! Brands makes up approx 1.12% of Holland Capital Management’s portfolio.Blackrock Japan Ltd boosted its stake in YUM in the latest quarter, The investment management firm added 3,374 additional shares and now holds a total of 533,777 shares of Yum! Brands which is valued at $42.9 Million. Yum! Brands makes up approx 0.16% of Blackrock Japan Ltd’s portfolio.Checchi Capital Advisers reduced its stake in YUM by selling 535 shares or 15.03% in the most recent quarter. The Hedge Fund company now holds 3,025 shares of YUM which is valued at $244,904. Yum! Brands makes up approx 0.07% of Checchi Capital Advisers’s portfolio.

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.

Investors should note that on May 20, 2016, Yum! Brands announced a cash dividend of $0.4600. The company’s management has announced Jul 13, 2016 as the ex-dividend date and fixed the record date on Jul 15, 2016. The payable date has been fixed on Aug 5, 2016.

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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