Cary Street Partners Financial LLC Invests $598,000 in Yum! Brands, Inc. (NYSE:YUM)

Cary Street Partners Financial LLC purchased a new stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,461 shares of the restaurant operator's stock, valued at approximately $598,000.

A number of other hedge funds also recently added to or reduced their stakes in YUM. Norges Bank purchased a new position in shares of Yum! Brands in the fourth quarter worth $418,692,000. Northern Trust Corp raised its position in Yum! Brands by 20.4% in the 4th quarter. Northern Trust Corp now owns 3,545,872 shares of the restaurant operator's stock worth $475,714,000 after buying an additional 601,361 shares during the last quarter. Cantillon Capital Management LLC lifted its stake in Yum! Brands by 31.7% during the 4th quarter. Cantillon Capital Management LLC now owns 1,880,379 shares of the restaurant operator's stock valued at $252,272,000 after acquiring an additional 452,339 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Yum! Brands during the 4th quarter valued at about $59,289,000. Finally, Los Angeles Capital Management LLC grew its stake in shares of Yum! Brands by 140.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 437,625 shares of the restaurant operator's stock worth $58,712,000 after acquiring an additional 255,495 shares during the period. 82.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Yum! Brands

In related news, VP David Eric Russell sold 5,000 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $158.66, for a total value of $793,300.00. Following the sale, the vice president now owns 11,960 shares in the company, valued at approximately $1,897,573.60. The trade was a 29.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David W. Gibbs sold 30,604 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $159.46, for a total transaction of $4,880,113.84. Following the transaction, the chief executive officer now owns 160,296 shares of the company's stock, valued at $25,560,800.16. This trade represents a 16.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,271 shares of company stock valued at $8,706,576 in the last 90 days. Insiders own 0.33% of the company's stock.

Yum! Brands Stock Down 0.5 %

NYSE YUM traded down $0.79 during trading hours on Friday, reaching $147.19. The company's stock had a trading volume of 1,068,582 shares, compared to its average volume of 2,003,259. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30. The company has a market capitalization of $40.99 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 2.31 and a beta of 0.77. The firm's 50-day moving average price is $151.04 and its 200-day moving average price is $141.59.

Yum! Brands (NYSE:YUM - Get Free Report) last released its earnings results on Wednesday, April 30th. The restaurant operator reported $1.30 EPS for the quarter, topping the consensus estimate of $1.29 by $0.01. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.85 billion. Yum! Brands had a net margin of 19.68% and a negative return on equity of 20.33%. The company's quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.15 earnings per share. Equities research analysts anticipate that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Analysts Set New Price Targets

YUM has been the topic of several research reports. TD Cowen restated a "hold" rating and issued a $140.00 target price on shares of Yum! Brands in a report on Thursday, February 6th. Wells Fargo & Company lifted their price objective on Yum! Brands from $145.00 to $160.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 5th. Oppenheimer reissued an "outperform" rating and issued a $185.00 target price on shares of Yum! Brands in a report on Monday, April 28th. Morgan Stanley raised their target price on Yum! Brands from $147.00 to $151.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Finally, The Goldman Sachs Group upped their price target on shares of Yum! Brands from $140.00 to $155.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Sixteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $156.70.

About Yum! Brands

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division segments. It also operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.