American Money Management Lowers stake in Yum! Brands (YUM)

Yum! Brands (YUM) : American Money Management reduced its stake in Yum! Brands by 2.23% during the most recent quarter end. The investment management company now holds a total of 25,725 shares of Yum! Brands which is valued at $1,561,508 after selling 586 shares in Yum! Brands , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Yum! Brands makes up approximately 1.26% of American Money Management’s portfolio.

Other Hedge Funds, Including , Glg reduced its stake in YUM by selling 2,524 shares or 7.08% in the most recent quarter. The Hedge Fund company now holds 33,146 shares of YUM which is valued at $2,011,962. Yum! Brands makes up approx 0.17% of Glg’s portfolio.Bokf Na boosted its stake in YUM in the latest quarter, The investment management firm added 6,345 additional shares and now holds a total of 57,949 shares of Yum! Brands which is valued at $3,554,592. Yum! Brands makes up approx 0.12% of Bokf Na’s portfolio.Capital Fund Management S.a. boosted its stake in YUM in the latest quarter, The investment management firm added 181,881 additional shares and now holds a total of 805,846 shares of Yum! Brands which is valued at $48,906,794. Yum! Brands makes up approx 0.89% of Capital Fund Management S.a.’s portfolio.

Yum! Brands opened for trading at $61.83 and hit $62.45 on the upside on Monday, eventually ending the session at $62.36, with a gain of 2.63% or 1.6 points. The heightened volatility saw the trading volume jump to 47,19,453 shares. Company has a market cap of $22,886 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.

Many Wall Street Analysts have commented on Yum! Brands. Yum! Brands was Upgraded by Credit Suisse to ” Outperform” on Oct 19, 2016. 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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