Yum! Brands, Inc. (NYSE:YUM) Position Cut by Wellington Management Group LLP

Wellington Management Group LLP lowered its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 32.9% during the first quarter, according to its most recent filing with the SEC. The fund owned 10,492 shares of the restaurant operator’s stock after selling 5,134 shares during the period. Wellington Management Group LLP’s holdings in Yum! Brands were worth $670,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Gofen & Glossberg LLC IL boosted its stake in Yum! Brands by 1.1% in the first quarter. Gofen & Glossberg LLC IL now owns 77,815 shares of the restaurant operator’s stock worth $4,972,000 after buying an additional 821 shares in the last quarter. Van ECK Associates Corp acquired a new stake in Yum! Brands during the first quarter worth approximately $13,248,000. BB&T Securities LLC raised its position in shares of Yum! Brands by 23.1% in the first quarter. BB&T Securities LLC now owns 43,689 shares of the restaurant operator’s stock worth $2,791,000 after buying an additional 8,201 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Yum! Brands by 67.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 789,013 shares of the restaurant operator’s stock worth $50,418,000 after buying an additional 317,462 shares during the last quarter. Finally, AXA raised its position in shares of Yum! Brands by 198.3% in the first quarter. AXA now owns 565,885 shares of the restaurant operator’s stock worth $36,160,000 after buying an additional 376,154 shares during the last quarter. 73.98% of the stock is currently owned by institutional investors and hedge funds.

Shares of Yum! Brands, Inc. (NYSE YUM) traded down 0.17% on Friday, hitting $75.41. 2,053,563 shares of the company’s stock were exchanged. The stock has a market cap of $26.00 billion, a price-to-earnings ratio of 20.02 and a beta of 0.82. Yum! Brands, Inc. has a 12-month low of $59.57 and a 12-month high of $77.13. The company’s 50-day moving average price is $74.66 and its 200 day moving average price is $69.52.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.07. Yum! Brands had a net margin of 16.76% and a negative return on equity of 24.95%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the firm posted $0.75 EPS. Yum! Brands’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities analysts predict that Yum! Brands, Inc. will post $2.82 earnings per share for the current fiscal year.

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A number of research analysts have recently weighed in on YUM shares. BMO Capital Markets restated a “hold” rating and set a $66.00 price objective on shares of Yum! Brands in a research report on Monday, May 22nd. Sanford C. Bernstein restated an “outperform” rating and set a $80.00 price objective on shares of Yum! Brands in a research report on Tuesday, July 25th. Royal Bank Of Canada raised their price objective on Yum! Brands from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, May 4th. BidaskClub lowered Yum! Brands from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Finally, Zacks Investment Research lowered Yum! Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Fifteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Yum! Brands has a consensus rating of “Buy” and a consensus price target of $78.64.

In other news, CEO Brian R. Niccol sold 1,471 shares of Yum! Brands stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $72.64, for a total value of $106,853.44. Following the sale, the chief executive officer now owns 6,712 shares of the company’s stock, valued at $487,559.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian R. Niccol sold 1,487 shares of Yum! Brands stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $73.82, for a total transaction of $109,770.34. Following the completion of the sale, the chief executive officer now directly owns 6,719 shares in the company, valued at approximately $495,996.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,294 shares of company stock worth $833,488. Insiders own 7.38% of the company’s stock.

About Yum! Brands

YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.

Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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