Stellar Capital Management LLC decreased its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 5.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,604 shares of the restaurant operator’s stock after selling 400 shares during the quarter. Stellar Capital Management LLC’s holdings in Yum! Brands were worth $561,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in shares of Yum! Brands by 1.0% during the 2nd quarter. Principal Financial Group Inc. now owns 985,546 shares of the restaurant operator’s stock valued at $72,694,000 after acquiring an additional 9,754 shares in the last quarter. Teachers Advisors LLC boosted its holdings in shares of Yum! Brands by 25.7% during the 2nd quarter. Teachers Advisors LLC now owns 556,212 shares of the restaurant operator’s stock valued at $41,026,000 after acquiring an additional 113,582 shares in the last quarter. Whalerock Point Partners LLC boosted its holdings in shares of Yum! Brands by 3.0% during the 2nd quarter. Whalerock Point Partners LLC now owns 8,500 shares of the restaurant operator’s stock valued at $627,000 after acquiring an additional 250 shares in the last quarter. Delta Lloyd Asset Management N.V. acquired a new stake in shares of Yum! Brands during the 2nd quarter valued at $13,136,000. Finally, Bank of Montreal Can boosted its holdings 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 acquiring an additional 338,941 shares in the last quarter. 72.06% of the stock is currently owned by institutional investors.

In other Yum! Brands news, CFO David W. Gibbs sold 8,336 shares of the firm’s stock in a transaction dated 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 directly owns 39,664 shares in the company, valued at $2,935,136. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.65% of the company’s stock.

YUM has been the topic of several recent research reports. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, August 1st. Royal Bank Of Canada reissued an “outperform” rating and set a $83.00 price objective on shares of Yum! Brands in a report on Monday, September 11th. Stifel Nicolaus initiated coverage on Yum! Brands in a report on Monday, October 2nd. They set a “buy” rating and a $88.00 price objective on the stock. BidaskClub downgraded Yum! Brands from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 1st. Finally, Deutsche Bank AG reissued a “hold” rating and set a $75.00 price objective (up previously from $71.00) on shares of Yum! Brands in a report on Monday, July 10th. Eleven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Yum! Brands currently has a consensus rating of “Buy” and an average price target of $79.89.

Shares of Yum! Brands, Inc. (NYSE YUM) traded up 0.89% on Wednesday, hitting $76.86. The stock had a trading volume of 477,552 shares. The firm has a market capitalization of $26.50 billion, a price-to-earnings ratio of 28.36 and a beta of 0.81. Yum! Brands, Inc. has a 1-year low of $59.43 and a 1-year high of $78.14. The firm has a 50 day moving average of $75.69 and a 200-day moving average of $72.23.

Yum! Brands (NYSE:YUM) last posted its earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.07. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. Yum! Brands had a net margin of 16.76% and a negative return on equity of 24.95%. Yum! Brands’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 earnings per share. Equities analysts predict that Yum! Brands, Inc. will post $2.81 earnings per share for the current year.

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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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