Yum! Brands (YUM) : Matthews International Capital Management reduced its stake in Yum! Brands by 23.69% during the most recent quarter end. The investment management company now holds a total of 2,530,400 shares of Yum! Brands which is valued at $203.2 Million after selling 785,500 shares in Yum! Brands , the firm said in a disclosure report filed with the SEC on May 12, 2016.Yum! Brands makes up approximately 9.39% of Matthews International Capital Management’s portfolio.
Other Hedge Funds, Including , 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.Advisor Partners boosted its stake in YUM in the latest quarter, The investment management firm added 1,699 additional shares and now holds a total of 4,926 shares of Yum! Brands which is valued at $395,558. Yum! Brands makes up approx 0.15% of Advisor Partners’s portfolio.Martingale Asset Management L P reduced its stake in YUM by selling 7,700 shares or 3.41% in the most recent quarter. The Hedge Fund company now holds 217,862 shares of YUM which is valued at $17.5 Million. Yum! Brands makes up approx 0.35% of Martingale Asset Management L P’s portfolio.Newsquare Capital boosted its stake in YUM in the latest quarter, The investment management firm added 124 additional shares and now holds a total of 423 shares of Yum! Brands which is valued at $33,654. Yum! Brands makes up approx 0.01% of Newsquare Capital’s portfolio.
Yum! Brands closed down -0.47 points or -0.59% at $79.6 with 54,09,934 shares getting traded on Friday. Post opening the session at $80.08, the shares hit an intraday low of $79.03 and an intraday high of $80.98 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.