North Star Asset Management Inc. decreased its position in shares of Yum! Brands, Inc. (NYSE:YUM) by 5.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 28,157 shares of the restaurant operator’s stock after selling 1,622 shares during the period. North Star Asset Management Inc.’s holdings in Yum! Brands were worth $3,194,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Quadrant L P CA increased its holdings in shares of Yum! Brands by 117.5% during the third quarter. First Quadrant L P CA now owns 2,175 shares of the restaurant operator’s stock valued at $247,000 after acquiring an additional 1,175 shares in the last quarter. Bank of Stockton increased its holdings in shares of Yum! Brands by 39.7% during the third quarter. Bank of Stockton now owns 8,240 shares of the restaurant operator’s stock valued at $934,000 after acquiring an additional 2,340 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Yum! Brands by 2.5% during the third quarter. Rhumbline Advisers now owns 570,023 shares of the restaurant operator’s stock valued at $64,658,000 after acquiring an additional 13,910 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new stake in shares of Yum! Brands during the third quarter valued at approximately $26,123,000. Finally, Alberta Investment Management Corp bought a new stake in shares of Yum! Brands during the third quarter valued at approximately $12,908,000. Hedge funds and other institutional investors own 75.33% of the company’s stock.
Shares of Yum! Brands stock opened at $109.10 on Monday. The stock has a fifty day simple moving average of $113.26 and a 200 day simple moving average of $109.86. Yum! Brands, Inc. has a 12-month low of $84.53 and a 12-month high of $119.72. The company has a market capitalization of $33.15 billion, a P/E ratio of 34.42, a price-to-earnings-growth ratio of 2.30 and a beta of 0.50.
In other Yum! Brands news, General Counsel Scott Catlett sold 1,015 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $116.63, for a total value of $118,379.45. Following the transaction, the general counsel now owns 5,376 shares of the company’s stock, valued at $627,002.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP David Eric Russell sold 5,801 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $115.33, for a total value of $669,029.33. The disclosure for this sale can be found here. Insiders have sold 22,959 shares of company stock valued at $2,657,189 in the last quarter. 0.67% of the stock is currently owned by corporate insiders.
Several research firms have recently commented on YUM. Wells Fargo & Co boosted their price objective on Yum! Brands from $112.00 to $115.00 and gave the company a “market perform” rating in a report on Friday. BMO Capital Markets boosted their price objective on Yum! Brands to $112.00 and gave the company a “market perform” rating in a report on Friday, August 2nd. They noted that the move was a valuation call. Edward Jones downgraded Yum! Brands from a “buy” rating to a “hold” rating in a report on Monday, July 1st. Stifel Nicolaus boosted their price objective on Yum! Brands from $100.00 to $110.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Finally, Tigress Financial restated a “buy” rating on shares of Yum! Brands in a report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $112.12.
Yum! Brands Profile
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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