Creative Planning buys $15,736,475 stake in Yum! Brands (YUM)

Yum! Brands (YUM) : Creative Planning scooped up 114,016 additional shares in Yum! Brands during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 178,317 shares of Yum! Brands which is valued at $15,736,475.Yum! Brands makes up approximately 0.10% of Creative Planning’s portfolio.

Other Hedge Funds, Including , Canandaigua National Bank Trust Co reduced its stake in YUM by selling 50 shares or 1.73% in the most recent quarter. The Hedge Fund company now holds 2,838 shares of YUM which is valued at $250,454. Yum! Brands makes up approx 0.07% of Canandaigua National Bank Trust Co’s portfolio.Carroll Financial Associates boosted its stake in YUM in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 3,532 shares of Yum! Brands which is valued at $308,661. Yum! Brands makes up approx 0.05% of Carroll Financial Associates’s portfolio.Bristol John W Co Inc Ny reduced its stake in YUM by selling 20,428 shares or 3.13% in the most recent quarter. The Hedge Fund company now holds 632,034 shares of YUM which is valued at $55,233,451. Yum! Brands makes up approx 1.52% of Bristol John W Co Inc Ny’s portfolio.Chevy Chase Trust Holdings reduced its stake in YUM by selling 39,501 shares or 11.05% in the most recent quarter. The Hedge Fund company now holds 317,979 shares of YUM which is valued at $28,179,299. Yum! Brands makes up approx 0.15% of Chevy Chase Trust Holdings’s portfolio.

Yum! Brands opened for trading at $90.43 and hit $90.68 on the upside on Tuesday, eventually ending the session at $88.25, with a gain of 0.98% or 0.86 points. The heightened volatility saw the trading volume jump to 64,87,609 shares. Company has a market cap of $34,408 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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