Yum! Brands (YUM) : Teachers Retirement System Of The State Of Kentucky reduced its stake in Yum! Brands by 2.22% during the most recent quarter end. The investment management company now holds a total of 329,700 shares of Yum! Brands which is valued at $26.5 Million after selling 7,500 shares in Yum! Brands , the firm said in a disclosure report filed with the SEC on May 13, 2016.Yum! Brands makes up approximately 0.35% of Teachers Retirement System Of The State Of Kentucky’s portfolio.
Other Hedge Funds, Including , Shell Asset Management Co reduced its stake in YUM by selling 7,415 shares or 11.89% in the most recent quarter. The Hedge Fund company now holds 54,924 shares of YUM which is valued at $4.4 Million. Yum! Brands makes up approx 0.11% of Shell Asset Management Co’s portfolio.Rehmann Capital Advisory Group reduced its stake in YUM by selling 288 shares or 3.24% in the most recent quarter. The Hedge Fund company now holds 8,601 shares of YUM which is valued at $690,660. Yum! Brands makes up approx 0.14% of Rehmann Capital Advisory Group’s portfolio.Thompson Davis boosted its stake in YUM in the latest quarter, The investment management firm added 397 additional shares and now holds a total of 512 shares of Yum! Brands which is valued at $41,452. Yum! Brands makes up approx 0.06% of Thompson Davis’s portfolio.
Yum! Brands opened for trading at $82.18 and hit $82.96 on the upside on Wednesday, eventually ending the session at $82.6, with a gain of 0.57% or 0.47 points. The heightened volatility saw the trading volume jump to 46,74,955 shares. Company has a market cap of $33,655 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.
Investors should note that on May 20, 2016, Yum! Brands announced a cash dividend of $0.4600. The company’s management has announced Jul 13, 2016 as the ex-dividend date and fixed the record date on Jul 15, 2016. The payable date has been fixed on Aug 5, 2016.
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.