Cetera Investment Advisers grew its position in Yum! Brands, Inc. (NYSE:YUM) by 20.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,327 shares of the restaurant operator’s stock after purchasing an additional 1,565 shares during the period. Cetera Investment Advisers’ holdings in Yum! Brands were worth $687,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Kistler Tiffany Companies LLC raised its holdings in shares of Yum! Brands by 0.5% in the second quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock valued at $113,000 after purchasing an additional 7 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Yum! Brands by 0.3% in the second quarter. Bessemer Group Inc. now owns 5,943 shares of the restaurant operator’s stock valued at $438,000 after purchasing an additional 16 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of Yum! Brands by 0.5% in the second quarter. Stratos Wealth Partners LTD. now owns 6,719 shares of the restaurant operator’s stock valued at $496,000 after purchasing an additional 31 shares during the last quarter. Heritage Trust Co raised its holdings in shares of Yum! Brands by 1.3% in the second quarter. Heritage Trust Co now owns 3,010 shares of the restaurant operator’s stock valued at $222,000 after purchasing an additional 40 shares during the last quarter. Finally, Needelman Asset Management Inc. raised its holdings in shares of Yum! Brands by 0.6% in the second quarter. Needelman Asset Management Inc. now owns 11,470 shares of the restaurant operator’s stock valued at $846,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 72.07% of the company’s stock.

In other news, CFO David W. Gibbs sold 8,336 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total transaction of $616,864.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.65% of the stock is currently owned by corporate insiders.

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

Shares of Yum! Brands, Inc. (NYSE:YUM) traded up 0.47% during midday trading on Tuesday, reaching $76.57. 294,085 shares of the company’s stock traded hands. Yum! Brands, Inc. has a one year low of $59.57 and a one year high of $78.14. The firm has a market capitalization of $26.40 billion, a PE ratio of 20.33 and a beta of 0.81. The stock’s 50-day moving average price is $75.69 and its 200 day moving average price is $72.50.

Yum! Brands (NYSE:YUM) last posted its earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. The firm had revenue of $1.45 billion during 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 company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 EPS. On average, equities research analysts expect that Yum! Brands, Inc. will post $2.81 earnings per share for the current fiscal 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)

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