BRYN MAWR TRUST Co bought a new stake in shares of Yum! Brands, Inc. (NYSE:YUM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,998 shares of the restaurant operator’s stock, valued at approximately $442,000.
Several other institutional investors have also made changes to their positions in the company. YorkBridge Wealth Partners LLC increased its holdings in Yum! Brands by 49.0% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 1,557 shares of the restaurant operator’s stock worth $103,000 after acquiring an additional 512 shares during the last quarter. Acrospire Investment Management LLC purchased a new stake in Yum! Brands in the 2nd quarter worth about $104,000. Kistler Tiffany Companies LLC increased its holdings in Yum! Brands by 0.5% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock worth $113,000 after acquiring an additional 7 shares during the last quarter. Founders Capital Management increased its holdings in Yum! Brands by 164.5% in the 2nd quarter. Founders Capital Management now owns 1,640 shares of the restaurant operator’s stock worth $121,000 after acquiring an additional 1,020 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its holdings in Yum! Brands by 5.9% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,031 shares of the restaurant operator’s stock worth $130,000 after acquiring an additional 114 shares during the last quarter. 72.04% of the stock is owned by hedge funds and other institutional investors.
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Yum! Brands, Inc. (YUM) traded up 1.063% during mid-day trading on Wednesday, reaching $76.565. The company had a trading volume of 84,832 shares. The firm has a 50-day moving average of $76.04 and a 200 day moving average of $71.06. Yum! Brands, Inc. has a 1-year low of $59.57 and a 1-year high of $78.14. The company has a market capitalization of $26.40 billion, a PE ratio of 20.325 and a beta of 0.83.
Yum! Brands (NYSE:YUM) last released its earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.07. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the business posted $0.75 earnings per share. The firm’s revenue was down 4.0% on a year-over-year basis. On average, analysts predict that Yum! Brands, Inc. will post $2.81 earnings per share for the current fiscal year.
In other Yum! Brands news, CEO Brian R. Niccol sold 1,487 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $73.82, for a total transaction of $109,770.34. Following the completion of the transaction, the chief executive officer now owns 6,719 shares in the company, valued at approximately $495,996.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David W. Gibbs sold 8,336 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $74.00, for a total value of $616,864.00. Following the transaction, the chief financial officer now owns 39,664 shares of the company’s stock, valued at approximately $2,935,136. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.
Several equities research analysts recently weighed in on YUM shares. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Tuesday, August 1st. Royal Bank Of Canada reissued an “outperform” rating and issued a $83.00 price objective on shares of Yum! Brands in a report on Monday, September 11th. BidaskClub lowered Yum! Brands from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 1st. Deutsche Bank AG reissued a “hold” rating and issued a $75.00 price objective (up previously from $71.00) on shares of Yum! Brands in a report on Monday, July 10th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $78.00 price objective (up previously from $75.00) on shares of Yum! Brands in a report on Tuesday, May 30th. Fifteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Yum! Brands presently has a consensus rating of “Buy” and an average price target of $80.31.
Yum! Brands 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.
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