ARGI Investment Services LLC reduced its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 13.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,086 shares of the restaurant operator’s stock after selling 9,548 shares during the period. ARGI Investment Services LLC’s holdings in Yum! Brands were worth $4,580,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC increased its stake in shares of Yum! Brands by 49.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,557 shares of the restaurant operator’s stock worth $103,000 after buying an additional 512 shares in the last quarter. Kistler Tiffany Companies LLC increased its stake in shares of Yum! Brands by 0.5% in the second quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock worth $113,000 after buying an additional 7 shares in the last quarter. Coconut Grove Bank increased its stake in shares of Yum! Brands by 84.6% in the first quarter. Coconut Grove Bank now owns 1,855 shares of the restaurant operator’s stock worth $119,000 after buying an additional 850 shares in the last quarter. Founders Capital Management increased its stake 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, Bronfman E.L. Rothschild L.P. increased its stake in shares of Yum! Brands by 5.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,031 shares of the restaurant operator’s stock worth $130,000 after buying an additional 114 shares in the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Yum! Brands, Inc. (NYSE:YUM) traded up 0.04% during trading on Thursday, hitting $76.05. 315,460 shares of the company traded hands. Yum! Brands, Inc. has a 12-month low of $59.57 and a 12-month high of $91.99. The firm has a market capitalization of $26.22 billion, a P/E ratio of 20.19 and a beta of 0.82. The stock has a 50-day moving average price of $75.03 and a 200-day moving average price of $69.89.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ 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 in the previous year, the business earned $0.75 earnings per share. The company’s revenue was down 4.0% on a year-over-year basis. Equities analysts expect that Yum! Brands, Inc. will post $2.82 EPS for the current fiscal year.

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A number of analysts recently weighed in on YUM shares. BidaskClub downgraded shares of Yum! Brands from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Royal Bank Of Canada reiterated a “buy” rating and issued a $75.00 price target on shares of Yum! Brands in a research report on Thursday, June 15th. Argus upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and increased their price target for the company from $69.95 to $80.00 in a research report on Tuesday, May 16th. Instinet reiterated a “buy” rating and issued a $78.00 price target on shares of Yum! Brands in a research report on Sunday, May 28th. Finally, Zacks Investment Research upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Thursday, July 20th. 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 stock. Yum! Brands has an average rating of “Buy” and an average price target of $78.98.

In other news, CEO Brian R. Niccol sold 1,487 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $73.82, for a total value of $109,770.34. Following the completion of the transaction, the chief executive officer now owns 6,719 shares in the company, valued at $495,996.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David W. Gibbs sold 8,336 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total value of $616,864.00. Following the completion of 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. 7.38% of the stock is owned by insiders.

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.

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

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