Searle Lowers stake in Yum! Brands (YUM)

Yum! Brands (YUM) : Searle reduced its stake in Yum! Brands by 85.05% during the most recent quarter end. The investment management company now holds a total of 5,166 shares of Yum! Brands which is valued at $442,933 after selling 29,400 shares in Yum! Brands , the firm said in a disclosure report filed with the SEC on Jul 11, 2016.Yum! Brands makes up approximately 4.39% of Searle’s portfolio.

Other Hedge Funds, Including , Lenox Wealth Advisors sold out all of its stake in YUM during the most recent quarter. The investment firm sold 17 shares of YUM which is valued $1,458.Perkins Coie Trust Co reduced its stake in YUM by selling 375 shares or 27.21% in the most recent quarter. The Hedge Fund company now holds 1,003 shares of YUM which is valued at $86,017. Yum! Brands makes up approx 0.06% of Perkins Coie Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in YUM by selling 130,372 shares or 43.41% in the most recent quarter. The Hedge Fund company now holds 169,987 shares of YUM which is valued at $14,578,085. Yum! Brands makes up approx 0.06% of Bnp Paribas Arbitrage Sa’s portfolio.Indiana Trust Investment Management Co reduced its stake in YUM by selling 55 shares or 1.37% in the most recent quarter. The Hedge Fund company now holds 3,960 shares of YUM which is valued at $328,838. Yum! Brands makes up approx 0.17% of Indiana Trust Investment Management Co’s portfolio.

Yum! Brands closed down -0.03 points or -0.03% at $85.74 with 62,45,515 shares getting traded on Wednesday. Post opening the session at $85.65, the shares hit an intraday low of $85.06 and an intraday high of $86.26 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Yum! Brands reported $0.75 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 13, 2016. Analyst had a consensus of $0.74. The company had revenue of $3008.00 million for the quarter, compared to analysts expectations of $3092.13 million. The company’s revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.69 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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