Central Bank Trust Co Lowers stake in Yum! Brands (YUM)

Yum! Brands (YUM) : Central Bank Trust Co reduced its stake in Yum! Brands by 21.62% during the most recent quarter end. The investment management company now holds a total of 2,287 shares of Yum! Brands which is valued at $200,616 after selling 631 shares in Yum! Brands , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Yum! Brands makes up approximately 0.06% of Central Bank Trust Co’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in YUM by selling 10,892 shares or 10.33% in the most recent quarter. The Hedge Fund company now holds 94,574 shares of YUM which is valued at $8,296,031. Yum! Brands makes up approx 0.17% of Exxonmobil Investment Management Inc Tx’s portfolio.Burns J W Co Incny reduced its stake in YUM by selling 585 shares or 1.88% in the most recent quarter. The Hedge Fund company now holds 30,545 shares of YUM which is valued at $2,706,898. Yum! Brands makes up approx 0.84% of Burns J W Co Incny’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in YUM by selling 46,137 shares or 27.14% in the most recent quarter. The Hedge Fund company now holds 123,850 shares of YUM which is valued at $10,975,587. Yum! Brands makes up approx 0.04% of Bnp Paribas Arbitrage Sa’s portfolio.Washington Trust Bank boosted its stake in YUM in the latest quarter, The investment management firm added 26 additional shares and now holds a total of 2,028 shares of Yum! Brands which is valued at $179,721. Yum! Brands makes up approx 0.04% of Washington Trust Bank’s portfolio.Cullinan Associates Inc boosted its stake in YUM in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 67,150 shares of Yum! Brands which is valued at $5,950,833. Yum! Brands makes up approx 0.51% of Cullinan Associates Inc’s portfolio.

Yum! Brands opened for trading at $87.71 and hit $87.985 on the upside on Friday, eventually ending the session at $87.72, with a gain of 0.32% or 0.28 points. The heightened volatility saw the trading volume jump to 62,54,439 shares. Company has a market cap of $34,201 M.

On the company’s financial health, Yum! Brands reported $1.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Oct 5, 2016. Analyst had a consensus of $1.10. The company had revenue of $3316.00 million for the quarter, compared to analysts expectations of $3487.70 million. The company’s revenue was down -3.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.00 EPS.

Investors should note that on Sep 26, 2016, Yum! Brands announced a cash dividend of $0.5100. The company’s management has announced Oct 17, 2016 as the ex-dividend date and fixed the record date on Oct 19, 2016. The payable date has been fixed on Nov 4, 2016.

Many Wall Street Analysts have commented on Yum! Brands. RBC Capital Mkts Downgraded Yum! Brands on Sep 23, 2016 to ” Outperform”, Price Target of the shares are set at $97.

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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