Northwestern Mutual Wealth Management Co. lifted its stake in Yum! Brands, Inc. (NYSE:YUM) by 15.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,219 shares of the restaurant operator’s stock after purchasing an additional 2,794 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Yum! Brands were worth $1,565,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of Yum! Brands by 1.0% in the 2nd quarter. Principal Financial Group Inc. now owns 985,546 shares of the restaurant operator’s stock worth $72,694,000 after purchasing an additional 9,754 shares during the period. South State Corp boosted its holdings 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 worth $3,627,000 after purchasing an additional 6,931 shares during the period. Bank of Montreal Can boosted its holdings 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 worth $55,679,000 after purchasing an additional 338,941 shares during the period. Windsor Capital Management LLC boosted its holdings 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 worth $629,000 after purchasing an additional 693 shares during the period. Finally, New England Private Wealth Advisors LLC purchased a new position in shares of Yum! Brands in the 2nd quarter worth approximately $272,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

A number of brokerages have recently commented on YUM. BMO Capital Markets reiterated a “market perform” rating and issued a $77.00 target price (up previously from $66.00) on shares of Yum! Brands in a report on Wednesday, August 9th. Zacks Investment Research cut Yum! Brands from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Cowen and Company reiterated a “buy” rating and issued a $85.00 target price on shares of Yum! Brands in a report on Friday. Argus reiterated a “buy” rating and issued a $88.00 target price (up previously from $80.00) on shares of Yum! Brands in a report on Wednesday, August 23rd. Finally, Robert W. Baird reiterated a “hold” rating and issued a $78.00 target price on shares of Yum! Brands in a report on Friday. Fifteen analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Yum! Brands presently has a consensus rating of “Buy” and a consensus target price of $80.31.

In other news, CEO Brian R. Niccol sold 1,487 shares of the 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 sale, the chief executive officer now directly owns 6,719 shares in the company, valued at $495,996.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO David W. Gibbs sold 8,336 shares of the 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 completion of the sale, the chief financial officer now owns 39,664 shares in the company, valued at $2,935,136. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by company insiders.

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Yum! Brands, Inc. (NYSE:YUM) opened at 77.88 on Tuesday. Yum! Brands, Inc. has a 52-week low of $59.57 and a 52-week high of $77.91. The stock has a 50 day moving average price of $75.75 and a 200 day moving average price of $70.53. The company has a market capitalization of $26.85 billion, a price-to-earnings ratio of 20.67 and a beta of 0.83.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.07. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the firm earned $0.75 earnings per share. On average, equities analysts expect 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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