Zurcher Kantonalbank Zurich Cantonalbank decreased its position in Yum! Brands, Inc. (NYSE:YUM) by 10.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,146 shares of the restaurant operator’s stock after selling 8,288 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Yum! Brands were worth $5,395,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC increased its position 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 position 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 position 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 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, Bronfman E.L. Rothschild L.P. increased its position 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. 72.12% of the stock is owned by institutional investors and hedge funds.

Shares of Yum! Brands, Inc. (NYSE:YUM) opened at 76.63 on Friday. Yum! Brands, Inc. has a 1-year low of $59.57 and a 1-year high of $77.48. The stock’s 50 day moving average price is $75.40 and its 200 day moving average price is $70.22. The stock has a market cap of $26.42 billion, a PE ratio of 20.34 and a beta of 0.83.

Yum! Brands (NYSE:YUM) last announced its quarterly 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. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.42 billion. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The business’s revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the business posted $0.75 EPS. On average, equities research analysts anticipate that Yum! Brands, Inc. will post $2.82 EPS for the current fiscal year.

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A number of brokerages recently issued reports on YUM. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a report on Thursday, July 20th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $78.00 price target (up from $75.00) on shares of Yum! Brands in a report on Tuesday, May 30th. BidaskClub raised Yum! Brands from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. Mizuho began coverage on Yum! Brands in a report on Thursday, June 8th. They issued a “neutral” rating and a $74.00 price target for the company. Finally, BMO Capital Markets upped their price target on Yum! Brands from $66.00 to $77.00 and gave the company a “market perform” rating in a report on Thursday, August 3rd. Fifteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Yum! Brands currently has an average rating of “Buy” and an average target price of $78.98.

In other Yum! Brands news, CEO Brian R. Niccol sold 1,487 shares of Yum! Brands stock in a transaction 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 sale, the chief executive officer now owns 6,719 shares of the company’s stock, valued at approximately $495,996.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David W. Gibbs sold 8,336 shares of Yum! Brands stock in a transaction 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 sale, the chief financial officer now directly owns 39,664 shares in the company, valued at approximately $2,935,136. The disclosure for this sale can be found here. Company 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.

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

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