Yum! Brands (YUM) : Summitview Investment Management added new position in Yum! Brands during the most recent quarter end. The investment management firm now holds 563,126 shares of Yum! Brands which is valued at $45.2 Million , the company said in a statement filed on May 11, 2016 with the SEC.Yum! Brands makes up approximately 35.31% of Summitview Investment Management’s portfolio.
Other Hedge Funds, Including , Bruderman Asset Management boosted its stake in YUM in the latest quarter, The investment management firm added 8 additional shares and now holds a total of 2,298 shares of Yum! Brands which is valued at $184,529. Yum! Brands makes up approx 0.06% of Bruderman Asset Management’s portfolio.Andra Ap-fonden reduced its stake in YUM by selling 15,900 shares or 25.12% in the most recent quarter. The Hedge Fund company now holds 47,400 shares of YUM which is valued at $3.8 Million. Yum! Brands makes up approx 0.10% of Andra Ap-fonden’s portfolio.Glenmede Trust Co Na boosted its stake in YUM in the latest quarter, The investment management firm added 13,330 additional shares and now holds a total of 393,133 shares of Yum! Brands which is valued at $31.3 Million. Yum! Brands makes up approx 0.20% of Glenmede Trust Co Na’s portfolio.
Yum! Brands opened for trading at $80.21 and hit $81.54 on the upside on Monday, eventually ending the session at $81.25, with a gain of 1.18% or 0.95 points. The heightened volatility saw the trading volume jump to 17,06,430 shares. Company has a market cap of $33,105 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.
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.