Yum! Brands (YUM) : Cornerstone Advisors scooped up 96 additional shares in Yum! Brands during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 25,172 shares of Yum! Brands which is valued at $2,043,715.Yum! Brands makes up approximately 2.12% of Cornerstone Advisors’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 , Lebenthal Holdingsllc added YUM to its portfolio by purchasing 13,557 company shares during the most recent quarter which is valued at $1,100,693. Yum! Brands makes up approx 0.19% of Lebenthal Holdingsllc’s portfolio.Montrusco Bolton Investments reduced its stake in YUM by selling 79,549 shares or 55.66% in the most recent quarter. The Hedge Fund company now holds 63,378 shares of YUM which is valued at $5,145,660. Yum! Brands makes up approx 0.40% of Montrusco Bolton Investments’s portfolio.Atria Investments boosted its stake in YUM in the latest quarter, The investment management firm added 852 additional shares and now holds a total of 5,337 shares of Yum! Brands which is valued at $433,311. Yum! Brands makes up approx 0.05% of Atria Investments’s portfolio.Cohen Klingenstein reduced its stake in YUM by selling 5,600 shares or 5.7% in the most recent quarter. The Hedge Fund company now holds 92,600 shares of YUM which is valued at $7,518,194. Yum! Brands makes up approx 1.38% of Cohen Klingenstein’s portfolio.Howland Capital Management reduced its stake in YUM by selling 2,161 shares or 1.83% in the most recent quarter. The Hedge Fund company now holds 116,100 shares of YUM which is valued at $9,501,624. Yum! Brands makes up approx 0.95% of Howland Capital Management’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.