Amussen Hunsaker & Associates LLC purchased a new position in shares of Yum! Brands, Inc. (NYSE:YUM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,531 shares of the restaurant operator’s stock, valued at approximately $260,000.

A number of other hedge funds have also recently modified their holdings of YUM. Acrospire Investment Management LLC bought a new stake in Yum! Brands during the second quarter worth about $104,000. Kistler Tiffany Companies LLC lifted its stake in shares of Yum! Brands by 0.5% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock valued at $113,000 after acquiring an additional 7 shares during the last quarter. Founders Capital Management lifted its stake in shares of Yum! Brands by 164.5% in the 2nd quarter. Founders Capital Management now owns 1,640 shares of the restaurant operator’s stock valued at $121,000 after acquiring an additional 1,020 shares during the last quarter. Bruderman Asset Management LLC bought a new stake in shares of Yum! Brands in the 2nd quarter valued at about $148,000. Finally, Parallel Advisors LLC lifted its stake in shares of Yum! Brands by 38.2% in the 1st quarter. Parallel Advisors LLC now owns 2,202 shares of the restaurant operator’s stock valued at $150,000 after acquiring an additional 609 shares during the last quarter. 72.06% of the stock is owned by hedge funds and other institutional investors.

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A number of equities research analysts have recently weighed in on the company. BMO Capital Markets reissued a “market perform” rating and issued a $77.00 target price (up previously from $66.00) on shares of Yum! Brands in a research note on Wednesday, August 9th. Robert W. Baird reissued a “hold” rating and issued a $78.00 target price on shares of Yum! Brands in a research note on Thursday. Zacks Investment Research lowered Yum! Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. J P Morgan Chase & Co reissued a “buy” rating and issued a $80.00 target price on shares of Yum! Brands in a research note on Monday, October 2nd. Finally, Argus reissued a “buy” rating and issued a $88.00 target price (up previously from $80.00) on shares of Yum! Brands in a research note on Wednesday, August 23rd. Eleven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Yum! Brands has a consensus rating of “Buy” and an average price target of $79.89.

In other Yum! Brands news, CFO David W. Gibbs sold 8,336 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $74.00, for a total transaction of $616,864.00. Following the sale, the chief financial officer now directly owns 39,664 shares in the company, valued at approximately $2,935,136. The transaction was disclosed in a document filed with the SEC, which is available through this link. 7.38% of the stock is owned by corporate insiders.

Yum! Brands (NYSE:YUM) last released its earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.07. The company had revenue of $1.45 billion for 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%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 EPS.

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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