State of Tennessee Treasury Department grew its stake in shares of Yum! Brands, Inc. (NYSE:YUM) by 16.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 282,497 shares of the restaurant operator’s stock after buying an additional 40,633 shares during the quarter. State of Tennessee Treasury Department owned 0.08% of Yum! Brands worth $20,837,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. South State Corp raised its position in shares of Yum! Brands by 13.9% during the 1st quarter. South State Corp now owns 56,768 shares of the restaurant operator’s stock valued at $3,627,000 after buying an additional 6,931 shares in the last quarter. Bank of Montreal Can raised its position in shares of Yum! Brands by 81.5% during the 2nd quarter. Bank of Montreal Can now owns 754,879 shares of the restaurant operator’s stock valued at $55,679,000 after buying an additional 338,941 shares in the last quarter. Windsor Capital Management LLC raised its position in shares of Yum! Brands by 7.6% during the 1st quarter. Windsor Capital Management LLC now owns 9,855 shares of the restaurant operator’s stock valued at $629,000 after buying an additional 693 shares in the last quarter. Morgan Stanley raised its position in shares of Yum! Brands by 82.4% during the 1st quarter. Morgan Stanley now owns 4,757,237 shares of the restaurant operator’s stock valued at $303,987,000 after buying an additional 2,148,751 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Yum! Brands by 17.9% during the 1st quarter. First Trust Advisors LP now owns 189,796 shares of the restaurant operator’s stock valued at $12,128,000 after buying an additional 28,799 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

YUM has been the topic of several research reports. Zacks Investment Research upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Tuesday, August 1st. BidaskClub cut shares of Yum! Brands from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 1st. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $78.00 target price (up previously from $75.00) on shares of Yum! Brands in a research report on Tuesday, May 30th. Deutsche Bank AG reiterated a “hold” rating and issued a $75.00 target price (up previously from $71.00) on shares of Yum! Brands in a research report on Monday, July 10th. Finally, Argus reiterated a “buy” rating and issued a $88.00 target price (up previously from $80.00) on shares of Yum! Brands in a research report on Wednesday, August 23rd. Fifteen research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $78.98.

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In other Yum! Brands news, CFO David W. Gibbs sold 8,336 shares of the stock in a transaction dated Wednesday, August 9th. The shares were 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 in the company, valued at approximately $2,935,136. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brian R. Niccol sold 1,487 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $73.82, for a total transaction of $109,770.34. Following the transaction, the chief executive officer now owns 6,719 shares in the company, valued at $495,996.58. The disclosure for this sale can be found here. 0.65% of the stock is owned by corporate insiders.

Shares of Yum! Brands, Inc. (NYSE:YUM) opened at 76.63 on Monday. The company has a market cap of $26.42 billion, a price-to-earnings ratio of 20.34 and a beta of 0.83. The stock’s 50 day moving average is $75.40 and its 200-day moving average is $70.22. Yum! Brands, Inc. has a 52 week low of $59.57 and a 52 week high of $91.99.

Yum! Brands (NYSE:YUM) last issued its earnings results 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 analysts’ expectations of $1.42 billion. During the same period in the prior year, the business earned $0.75 EPS. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities analysts anticipate that Yum! Brands, Inc. will post $2.82 earnings per share for the current year.

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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