Emerging Sovereign Group Lowers stake in Yum! Brands (YUM)

Yum! Brands (YUM) : Emerging Sovereign Group reduced its stake in Yum! Brands by 23.46% during the most recent quarter end. The investment management company now holds a total of 1,610,571 shares of Yum! Brands which is valued at $144,886,967 after selling 493,690 shares in Yum! Brands , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Yum! Brands makes up approximately 9.38% of Emerging Sovereign Group’s portfolio.

Other Hedge Funds, Including , Great Lakes Advisors boosted its stake in YUM in the latest quarter, The investment management firm added 5,262 additional shares and now holds a total of 8,332 shares of Yum! Brands which is valued at $749,547. Yum! Brands makes up approx 0.02% of Great Lakes Advisors’s portfolio.Rhumbline Advisers boosted its stake in YUM in the latest quarter, The investment management firm added 5,521 additional shares and now holds a total of 590,263 shares of Yum! Brands which is valued at $53,100,059. Yum! Brands makes up approx 0.15% of Rhumbline Advisers’s portfolio.1st Source Bank boosted its stake in YUM in the latest quarter, The investment management firm added 415 additional shares and now holds a total of 19,721 shares of Yum! Brands which is valued at $1,763,452. Yum! Brands makes up approx 0.19% of 1st Source Bank’s portfolio.

Yum! Brands opened for trading at $89.9 and hit $90.93 on the upside on Monday, eventually ending the session at $90.76, with a gain of 1.37% or 1.23 points. The heightened volatility saw the trading volume jump to 17,99,840 shares. Company has a market cap of $35,386 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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