Aspen Investment Management Inc Continues to Hold Holdings in Yum! Brands, Inc. (YUM)
Aspen Investment Management Inc maintained its position in Yum! Brands, Inc. (NYSE:YUM) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,682 shares of the restaurant operator’s stock at the end of the second quarter. Aspen Investment Management Inc’s holdings in Yum! Brands were worth $714,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in YUM. BlackRock Inc. boosted its position in Yum! Brands by 2,392.9% during the 1st quarter. BlackRock Inc. now owns 20,053,997 shares of the restaurant operator’s stock valued at $1,281,452,000 after purchasing an additional 19,249,564 shares during the period. Morgan Stanley boosted its position in 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 purchasing an additional 2,148,751 shares during the period. Renaissance Technologies LLC boosted its position in Yum! Brands by 208.6% during the 1st quarter. Renaissance Technologies LLC now owns 2,625,400 shares of the restaurant operator’s stock valued at $167,763,000 after purchasing an additional 1,774,600 shares during the period. Pioneer Investment Management Inc. acquired a new position in Yum! Brands during the 2nd quarter valued at approximately $104,149,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in Yum! Brands during the 2nd quarter valued at approximately $102,713,000. Institutional investors and hedge funds own 72.06% of the company’s stock.
Shares of Yum! Brands, Inc. (YUM) traded up 0.18% during midday trading on Monday, hitting $76.07. The stock had a trading volume of 529,727 shares. The stock has a 50 day moving average price of $75.66 and a 200-day moving average price of $71.93. Yum! Brands, Inc. has a 52 week low of $59.43 and a 52 week high of $78.14. The stock has a market capitalization of $26.23 billion, a price-to-earnings ratio of 20.19 and a beta of 0.81.
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, beating the Zacks’ consensus estimate of $0.61 by $0.07. The company 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 firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.75 EPS. Equities research analysts anticipate that Yum! Brands, Inc. will post $2.81 earnings per share for the current year.
In other news, CFO David W. Gibbs sold 8,336 shares of the 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 transaction, the chief financial officer now owns 39,664 shares of the company’s stock, valued at approximately $2,935,136. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.65% of the company’s stock.
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A number of research firms recently issued reports on YUM. Royal Bank Of Canada restated an “outperform” rating and set a $83.00 price objective on shares of Yum! Brands in a research report on Monday, September 11th. BidaskClub raised Yum! Brands from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd. Argus reaffirmed a “buy” rating and set a $88.00 target price (up previously from $80.00) on shares of Yum! Brands in a research note on Wednesday, August 23rd. Oppenheimer Holdings, Inc. lifted their target price on Yum! Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, September 8th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $78.00 target price on shares of Yum! Brands in a research note on Friday, September 8th. Eleven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $79.89.
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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