Johnson Financial Group Inc. lessened its stake in Yum! Brands, Inc. (NYSE:YUM) by 1.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,390 shares of the restaurant operator’s stock after selling 33 shares during the quarter. Johnson Financial Group Inc.’s holdings in Yum! Brands were worth $176,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. South State Corp boosted its stake in shares of Yum! Brands by 13.9% in 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 during the period. Bank of Montreal Can boosted its stake in shares of Yum! Brands by 81.5% in 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 during the period. Windsor Capital Management LLC boosted its stake in shares of Yum! Brands by 7.6% in 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 during the period. Morgan Stanley boosted its stake in shares of Yum! Brands by 82.4% in 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 during the period. Finally, First Trust Advisors LP boosted its stake in shares of Yum! Brands by 17.9% in 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 during the period. Institutional investors and hedge funds own 72.12% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Johnson Financial Group Inc. Sells 33 Shares of Yum! Brands, Inc. (YUM)” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/09/10/johnson-financial-group-inc-sells-33-shares-of-yum-brands-inc-yum.html.

Several brokerages have recently issued reports on YUM. CIBC lifted their price objective on Yum! Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday. Oppenheimer Holdings, Inc. lifted their price objective on Yum! Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday. Robert W. Baird reiterated a “hold” rating and issued a $78.00 price objective on shares of Yum! Brands in a research note on Friday. Cowen and Company reiterated a “buy” rating and issued a $85.00 price objective on shares of Yum! Brands in a research note on Friday. Finally, Argus reiterated a “buy” rating and issued a $88.00 price objective (up previously from $80.00) on shares of Yum! Brands in a research note on Wednesday, August 23rd. Fifteen investment 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. Yum! Brands currently has a consensus rating of “Buy” and an average price target of $80.31.

In related news, CFO David W. Gibbs sold 8,336 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 39,664 shares of the company’s stock, valued at approximately $2,935,136. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $109,770.34. Following the completion of the sale, the chief executive officer now directly owns 6,719 shares in the company, valued at approximately $495,996.58. The disclosure for this sale can be found here. Company insiders own 7.38% of the company’s stock.

Yum! Brands, Inc. (NYSE:YUM) traded up 0.01% on Friday, hitting $76.48. The stock had a trading volume of 1,376,166 shares. The company’s 50 day moving average price is $75.72 and its 200-day moving average price is $70.44. The company has a market cap of $26.37 billion, a price-to-earnings ratio of 20.30 and a beta of 0.83. Yum! Brands, Inc. has a 12-month low of $59.57 and a 12-month high of $77.48.

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. Equities research analysts anticipate that Yum! Brands, Inc. will post $2.82 EPS for the current year.

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.

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

Receive News & Stock Ratings for Yum! Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum! Brands Inc. and related stocks with our FREE daily email newsletter.