Target Asset Management Pte Ltd Exits Position in Yum! Brands (YUM)

Yum! Brands (YUM) : Target Asset Management Pte Ltd has sold out all of its stake in Yum! Brands during the most recent quarter, according to the disclosure filed by the company on May 12, 2016 with the SEC. The investment management company has sold out 398,606 shares of Yum! Brands which is valued at $32 Million.

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.Amalgamated Bank boosted its stake in YUM in the latest quarter, The investment management firm added 3,170 additional shares and now holds a total of 16,252 shares of Yum! Brands which is valued at $1.3 Million. Yum! Brands makes up approx 0.13% of Amalgamated Bank’s portfolio.Capital Planning Advisors reduced its stake in YUM by selling 955 shares or 9.16% in the most recent quarter. The Hedge Fund company now holds 9,470 shares of YUM which is valued at $766,691. Yum! Brands makes up approx 0.37% of Capital Planning Advisors’s portfolio.Capital Fund Management S.a. reduced its stake in YUM by selling 375,602 shares or 37.83% in the most recent quarter. The Hedge Fund company now holds 617,180 shares of YUM which is valued at $50 Million. Yum! Brands makes up approx 0.87% of Capital Fund Management S.a.’s portfolio.Dowling Yahnke reduced its stake in YUM by selling 1,258 shares or 3.1% in the most recent quarter. The Hedge Fund company now holds 39,379 shares of YUM which is valued at $3.1 Million. Yum! Brands makes up approx 0.38% of Dowling Yahnke’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.

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