Third Point buys $441.6 Million stake in Yum! Brands (YUM)

Yum! Brands (YUM) : Third Point scooped up 5,424,700 additional shares in Yum! Brands during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 5,500,000 shares of Yum! Brands which is valued at $441.6 Million.Yum! Brands makes up approximately 4.11% of Third Point’s portfolio.

Other Hedge Funds, Including , Ausdal Financial Partners sold out all of its stake in YUM during the most recent quarter. The investment firm sold 949 shares of YUM which is valued $76,831.Strategic Financial Services Inc reduced its stake in YUM by selling 197 shares or 1.02% in the most recent quarter. The Hedge Fund company now holds 19,097 shares of YUM which is valued at $1.5 Million. Yum! Brands makes up approx 0.36% of Strategic Financial Services Inc’s portfolio. Princeton Alpha Management Lp sold out all of its stake in YUM during the most recent quarter. The investment firm sold 16,407 shares of YUM which is valued $1.3 Million.

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.

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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