Horrell Capital Management Lowers stake in Yum! Brands (YUM)

Yum! Brands (YUM) : Horrell Capital Management reduced its stake in Yum! Brands by 15.38% during the most recent quarter end. The investment management company now holds a total of 1,100 shares of Yum! Brands which is valued at $89,309 after selling 200 shares in Yum! Brands , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Yum! Brands makes up approximately 0.05% of Horrell Capital Management’s portfolio.

Yum! Brands closed down -0.55 points or -0.67% at $81.49 with 23,17,543 shares getting traded on Wednesday. Post opening the session at $81.75, the shares hit an intraday low of $80.67 and an intraday high of $81.945 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Cwm boosted its stake in YUM in the latest quarter, The investment management firm added 42,102 additional shares and now holds a total of 173,759 shares of Yum! Brands which is valued at $14,107,493. Yum! Brands makes up approx 1.22% of Cwm’s portfolio.Central Trust Co reduced its stake in YUM by selling 1,144 shares or 3.63% in the most recent quarter. The Hedge Fund company now holds 30,343 shares of YUM which is valued at $2,483,271. Yum! Brands makes up approx 0.19% of Central Trust Co’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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