Yum! Brands, Inc. (YUM) Shares Bought by World Asset Management Inc

World Asset Management Inc boosted its holdings in Yum! Brands, Inc. (NYSE:YUM) by 9.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,098 shares of the restaurant operator’s stock after acquiring an additional 1,981 shares during the quarter. World Asset Management Inc’s holdings in Yum! Brands were worth $2,206,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Altium Wealth Management LLC increased its stake in Yum! Brands by 8.1% in the 1st quarter. Altium Wealth Management LLC now owns 8,780 shares of the restaurant operator’s stock worth $876,000 after acquiring an additional 660 shares during the last quarter. Enterprise Financial Services Corp increased its stake in Yum! Brands by 11.7% in the 1st quarter. Enterprise Financial Services Corp now owns 29,186 shares of the restaurant operator’s stock worth $2,913,000 after acquiring an additional 3,051 shares during the last quarter. Brightworth increased its stake in Yum! Brands by 0.4% in the 1st quarter. Brightworth now owns 80,631 shares of the restaurant operator’s stock worth $8,048,000 after acquiring an additional 334 shares during the last quarter. Private Capital Group LLC increased its position in shares of Yum! Brands by 30.2% during the 1st quarter. Private Capital Group LLC now owns 4,430 shares of the restaurant operator’s stock valued at $442,000 after purchasing an additional 1,027 shares during the last quarter. Finally, Grove Bank & Trust increased its position in shares of Yum! Brands by 9.1% during the 1st quarter. Grove Bank & Trust now owns 5,476 shares of the restaurant operator’s stock valued at $547,000 after purchasing an additional 455 shares during the last quarter. Institutional investors and hedge funds own 74.93% of the company’s stock.

In other Yum! Brands news, CFO David W. Gibbs sold 19,436 shares of the stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $94.06, for a total value of $1,828,150.16. Following the completion of the sale, the chief financial officer now owns 61,554 shares in the company, valued at approximately $5,789,769.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Greg Creed sold 13,986 shares of the stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $94.41, for a total value of $1,320,418.26. Following the completion of the sale, the chief executive officer now owns 207,912 shares of the company’s stock, valued at approximately $19,628,971.92. The disclosure for this sale can be found here. Insiders have sold a total of 98,922 shares of company stock valued at $9,384,824 over the last 90 days. 0.67% of the stock is currently owned by company insiders.

Shares of YUM stock opened at $104.09 on Monday. The stock has a market cap of $31.84 billion, a P/E ratio of 32.84, a P/E/G ratio of 2.14 and a beta of 0.55. Yum! Brands, Inc. has a 1-year low of $77.09 and a 1-year high of $104.44.

Yum! Brands (NYSE:YUM) last issued its earnings results on Thursday, February 7th. The restaurant operator reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.57). The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Yum! Brands had a net margin of 27.11% and a negative return on equity of 14.19%. The company’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.96 earnings per share. As a group, equities analysts predict that Yum! Brands, Inc. will post 3.81 earnings per share for the current fiscal year.

Several equities analysts have recently commented on YUM shares. Goldman Sachs Group lowered Yum! Brands from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $83.00 to $76.00 in a research report on Friday, January 11th. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a report on Saturday, January 12th. BMO Capital Markets increased their target price on Yum! Brands to $100.00 and gave the company a “market perform” rating in a report on Friday, February 8th. JPMorgan Chase & Co. cut Yum! Brands from an “overweight” rating to a “neutral” rating and set a $94.00 target price for the company. in a report on Tuesday, March 19th. Finally, Mizuho cut Yum! Brands from a “buy” rating to a “neutral” rating and set a $84.00 target price for the company. in a report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $95.21.

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About Yum! Brands

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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