Hartford Financial Management Inc. Reduces Stake in Yum! Brands, Inc. (YUM)

Hartford Financial Management Inc. cut its stake in Yum! Brands, Inc. (NYSE:YUM) by 14.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,840 shares of the restaurant operator’s stock after selling 300 shares during the period. Hartford Financial Management Inc.’s holdings in Yum! Brands were worth $135,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in YUM. YorkBridge Wealth Partners LLC increased its position in Yum! Brands by 49.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,557 shares of the restaurant operator’s stock valued at $103,000 after buying an additional 512 shares in the last quarter. Kistler Tiffany Companies LLC increased its position in Yum! Brands by 0.5% in the second quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock valued at $113,000 after buying an additional 7 shares in the last quarter. Coconut Grove Bank increased its position in Yum! Brands by 84.6% in the first quarter. Coconut Grove Bank now owns 1,855 shares of the restaurant operator’s stock valued at $119,000 after buying an additional 850 shares in the last quarter. Founders Capital Management increased its position in shares of Yum! Brands by 164.5% in the second quarter. Founders Capital Management now owns 1,640 shares of the restaurant operator’s stock worth $121,000 after buying an additional 1,020 shares in the last quarter. Finally, Bartlett & Co. LLC increased its position in shares of Yum! Brands by 3.6% in the first quarter. Bartlett & Co. LLC now owns 1,992 shares of the restaurant operator’s stock worth $127,000 after buying an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 73.98% of the company’s stock.

Shares of Yum! Brands, Inc. (YUM) traded down 0.17% during midday trading on Friday, reaching $75.41. 2,053,563 shares of the company’s stock were exchanged. The firm has a market cap of $26.00 billion, a PE ratio of 20.02 and a beta of 0.82. Yum! Brands, Inc. has a one year low of $59.57 and a one year high of $77.13. The stock’s 50-day moving average is $74.66 and its 200 day moving average is $69.52.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 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 business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the firm posted $0.75 earnings per share. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. Analysts anticipate that Yum! Brands, Inc. will post $2.82 EPS for the current year.

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A number of research analysts recently issued reports on the company. BidaskClub upgraded Yum! Brands from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Tuesday, August 1st. Barclays PLC reaffirmed an “equal weight” rating and set a $74.00 price objective (up from $72.00) on shares of Yum! Brands in a research report on Friday, August 4th. BMO Capital Markets lifted their price objective on Yum! Brands from $66.00 to $77.00 and gave the company a “market perform” rating in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $83.00 price objective on shares of Yum! Brands in a research report on Friday, August 4th. Fifteen equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $78.64.

In other news, CEO Brian R. Niccol sold 1,471 shares of Yum! Brands stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $72.64, for a total transaction of $106,853.44. Following the completion of the sale, the chief executive officer now directly owns 6,712 shares in the company, valued at $487,559.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO David W. Gibbs sold 8,336 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total transaction of $616,864.00. Following the transaction, the chief financial officer now directly owns 39,664 shares of the company’s stock, valued at approximately $2,935,136. The disclosure for this sale can be found here. Insiders have sold 11,294 shares of company stock valued at $833,488 over the last quarter. Insiders own 7.38% of the company’s stock.

Yum! Brands Company Profile

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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