Callan Family Office LLC Reduces Stock Holdings in Yum! Brands, Inc. (NYSE:YUM)

Key Points

• Callan Family Office LLC significantly reduced its stake in Yum! Brands, selling 2,602 shares and decreasing its position by 61.2%, now holding 1,653 shares valued at $260,000.
• Institutional investors collectively own 82.37% of Yum! Brands, with notable changes including GAMMA Investing LLC increasing its holdings by over 14,795.6% during the same quarter.
• Yum! Brands reported $1.44 EPS for the last quarter, falling short of estimates, with revenue of $1.93 billion, reflecting a 9.6% increase from the previous year.

Callan Family Office LLC lowered its position in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) by 61.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,653 shares of the restaurant operator's stock after selling 2,602 shares during the period. Callan Family Office LLC's holdings in Yum! Brands were worth $260,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Yum! Brands by 14,795.6% during the 1st quarter. GAMMA Investing LLC now owns 769,805 shares of the restaurant operator's stock worth $121,137,000 after buying an additional 764,637 shares during the period. Nuveen LLC acquired a new position in Yum! Brands during the 1st quarter worth about $97,453,000. Northern Trust Corp lifted its holdings in Yum! Brands by 20.4% during 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 period. Vanguard Group Inc. lifted its holdings in Yum! Brands by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 34,109,219 shares of the restaurant operator's stock worth $5,367,427,000 after buying an additional 483,918 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Yum! Brands during the 4th quarter worth about $43,944,000. Institutional investors own 82.37% of the company's stock.

Insiders Place Their Bets

In other news, CEO David W. Gibbs sold 7,117 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $146.60, for a total value of $1,043,352.20. Following the completion of the transaction, the chief executive officer directly owned 102,893 shares of the company's stock, valued at $15,084,113.80. This represents a 6.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Scott Mezvinsky sold 263 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $139.92, for a total value of $36,798.96. Following the completion of the transaction, the chief executive officer owned 1,755 shares in the company, valued at approximately $245,559.60. The trade was a 13.03% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,958 shares of company stock valued at $1,455,725. Corporate insiders own 0.33% of the company's stock.

Yum! Brands Stock Performance

YUM traded up $1.42 during midday trading on Friday, reaching $148.19. 2,604,273 shares of the company were exchanged, compared to its average volume of 2,118,243. The company's fifty day moving average price is $145.55 and its 200 day moving average price is $147.53. The company has a market cap of $41.13 billion, a price-to-earnings ratio of 29.23, a price-to-earnings-growth ratio of 2.31 and a beta of 0.73. Yum! Brands, Inc. has a one year low of $122.13 and a one year high of $163.30.

Yum! Brands (NYSE:YUM - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The restaurant operator reported $1.44 EPS for the quarter, missing analysts' consensus estimates of $1.46 by ($0.02). The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%. The business's revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.35 earnings per share. As a group, sell-side analysts anticipate that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Guggenheim reaffirmed a "buy" rating and set a $167.00 target price (up from $165.00) on shares of Yum! Brands in a report on Monday, August 4th. The Goldman Sachs Group raised Yum! Brands from a "neutral" rating to a "buy" rating and set a $167.00 price objective on the stock in a research note on Wednesday, June 4th. JPMorgan Chase & Co. dropped their price objective on Yum! Brands from $162.00 to $160.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 6th. Barclays reissued an "overweight" rating and issued a $164.00 price objective (down from $167.00) on shares of Yum! Brands in a research note on Tuesday, August 5th. Finally, Wells Fargo & Company dropped their price objective on Yum! Brands from $160.00 to $155.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $161.23.

Yum! Brands Company Profile

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.