Cohen Klingenstein Lowers stake in Yum! Brands (YUM)

Yum! Brands (YUM) : Cohen Klingenstein reduced its stake in Yum! Brands by 5.7% during the most recent quarter end. The investment management company now holds a total of 92,600 shares of Yum! Brands which is valued at $7,518,194 after selling 5,600 shares in Yum! Brands , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Yum! Brands makes up approximately 1.38% of Cohen Klingenstein’s portfolio.

Yum! Brands closed down -0.51 points or -0.62% at $81.19 with 31,60,338 shares getting traded on Friday. Post opening the session at $81.71, the shares hit an intraday low of $80.58 and an intraday high of $82.1525 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Taube Hodson Stonex Partners Llp reduced its stake in YUM by selling 110,530 shares or 17.59% in the most recent quarter. The Hedge Fund company now holds 517,932 shares of YUM which is valued at $42,050,899. Yum! Brands makes up approx 7.88% of Taube Hodson Stonex Partners Llp’s portfolio.Jacobs Coca reduced its stake in YUM by selling 2,310 shares or 6.53% in the most recent quarter. The Hedge Fund company now holds 33,085 shares of YUM which is valued at $2,707,676. Yum! Brands makes up approx 0.64% of Jacobs Coca’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in YUM in the latest quarter, The investment management firm added 2,852 additional shares and now holds a total of 99,511 shares of Yum! Brands which is valued at $8,143,980. Yum! Brands makes up approx 0.18% of Exxonmobil Investment Management Inc Tx’s portfolio.

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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