Ballentine Partners Lowers stake in Yum! Brands (YUM)

Yum! Brands (YUM) : Ballentine Partners reduced its stake in Yum! Brands by 18.39% during the most recent quarter end. The investment management company now holds a total of 29,465 shares of Yum! Brands which is valued at $2,603,822 after selling 6,639 shares in Yum! Brands , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Yum! Brands makes up approximately 0.21% of Ballentine Partners’s portfolio.

Other Hedge Funds, Including , California Public Employees Retirement System reduced its stake in YUM by selling 34,100 shares or 2.93% in the most recent quarter. The Hedge Fund company now holds 1,129,562 shares of YUM which is valued at $99,819,394. Yum! Brands makes up approx 0.16% of California Public Employees Retirement System’s portfolio. Oxbow Advisors added YUM to its portfolio by purchasing 2,426 company shares during the most recent quarter which is valued at $214,386. Yum! Brands makes up approx 0.03% of Oxbow Advisors’s portfolio.Investment House boosted its stake in YUM in the latest quarter, The investment management firm added 955 additional shares and now holds a total of 36,969 shares of Yum! Brands which is valued at $3,316,859. Yum! Brands makes up approx 0.51% of Investment House’s portfolio.Lodestar Investment Counselil boosted its stake in YUM in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 4,825 shares of Yum! Brands which is valued at $422,670. Yum! Brands makes up approx 0.06% of Lodestar Investment Counselil’s portfolio.

Yum! Brands opened for trading at $88.98 and hit $89.18 on the upside on Monday, eventually ending the session at $89.09, with a gain of 0.39% or 0.35 points. The heightened volatility saw the trading volume jump to 30,97,271 shares. Company has a market cap of $34,735 M.

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.

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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