Owl Creek Asset Management Exits Position in Yum! Brands (YUM)

Yum! Brands (YUM) : Owl Creek Asset Management has sold out all of its stake in Yum! Brands during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 182,005 shares of Yum! Brands which is valued at $16,373,170.

Other Hedge Funds, Including , Bronson Point Management sold out all of its stake in YUM during the most recent quarter. The investment firm sold 50,000 shares of YUM which is valued $4,498,000.Geode Capital Management reduced its stake in YUM by selling 272,075 shares or 8.1% in the most recent quarter. The Hedge Fund company now holds 3,085,103 shares of YUM which is valued at $277,535,866. Yum! Brands makes up approx 0.15% of Geode Capital Management’s portfolio.Bessemer Group Inc reduced its stake in YUM by selling 4,475 shares or 18.75% in the most recent quarter. The Hedge Fund company now holds 19,398 shares of YUM which is valued at $1,745,044. Yum! Brands makes up approx 0.01% of Bessemer Group Inc’s portfolio. Aspiriant sold out all of its stake in YUM during the most recent quarter. The investment firm sold 10,511 shares of YUM which is valued $945,780. Coconut Grove Bank added YUM to its portfolio by purchasing 80 company shares during the most recent quarter which is valued at $7,099. Yum! Brands makes up approx 0.01% of Coconut Grove Bank’s portfolio.

Yum! Brands closed down -0.65 points or -0.71% at $90.6 with 4,157,043 shares getting traded on Wednesday. Post opening the session at $91.05, the shares hit an intraday low of $90.19 and an intraday high of $91.1141 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.

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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