S Bank Fund Management Ltd Purchases Shares of 3,816 Yum! Brands, Inc. (NYSE:YUM)

Key Points

• S Bank Fund Management Ltd acquired a new stake in Yum! Brands, Inc., purchasing 3,816 shares valued at approximately $600,000 in the first quarter.
• Several large investors, including National Pension Service and Resona Asset Management, also adjusted their holdings in Yum! Brands, with institutional investors collectively owning 82.37% of the company's stock.
• Yum! Brands reported earnings per share of $1.44 for the quarter, which was below analysts' expectations of $1.46, while revenue was $1.93 billion compared to an anticipated $1.94 billion.

S Bank Fund Management Ltd purchased a new stake in shares of Yum! Brands, Inc. (NYSE:YUM - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,816 shares of the restaurant operator's stock, valued at approximately $600,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Manchester Capital Management LLC grew its holdings in shares of Yum! Brands by 78.0% during the 1st quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator's stock worth $25,000 after acquiring an additional 71 shares during the period. Greykasell Wealth Strategies Inc. bought a new position in Yum! Brands during the 1st quarter valued at approximately $25,000. Wayfinding Financial LLC bought a new position in Yum! Brands during the 1st quarter valued at approximately $32,000. Itau Unibanco Holding S.A. increased its position in Yum! Brands by 436.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 279 shares of the restaurant operator's stock valued at $37,000 after buying an additional 227 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. bought a new position in Yum! Brands during the 1st quarter valued at approximately $38,000. Institutional investors own 82.37% of the company's stock.

Insider Buying and Selling

In related news, CEO David W. Gibbs sold 7,117 shares of the firm's stock in a transaction 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 transaction, the chief executive officer directly owned 102,893 shares of the company's stock, valued at approximately $15,084,113.80. This trade represents a 6.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott Mezvinsky sold 272 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $148.28, for a total value of $40,332.16. Following the completion of the transaction, the chief executive officer directly owned 1,755 shares in the company, valued at approximately $260,231.40. This represents a 13.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,958 shares of company stock valued at $1,455,725. 0.33% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on YUM shares. Morgan Stanley reduced their price objective on Yum! Brands from $153.00 to $151.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. Evercore ISI reduced their price objective on Yum! Brands from $170.00 to $165.00 and set an "in-line" rating for the company in a research report on Wednesday, August 6th. TD Securities reaffirmed a "hold" rating and set a $158.00 price objective on shares of Yum! Brands in a research report on Wednesday, April 30th. Sanford C. Bernstein set a $164.00 target price on Yum! Brands in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group upgraded Yum! Brands from a "neutral" rating to a "buy" rating and set a $167.00 target price on the stock in a research note on Wednesday, June 4th. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, Yum! Brands currently has a consensus rating of "Hold" and a consensus price target of $161.23.

Yum! Brands Stock Performance

Shares of NYSE YUM traded up $1.42 during midday trading on Friday, hitting $148.19. 2,604,273 shares of the stock traded hands, compared to its average volume of 2,118,243. The firm has a 50-day moving average of $145.55 and a two-hundred day moving average of $147.53. The firm has a market capitalization of $41.13 billion, a P/E ratio of 29.23, a PEG 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 announced its earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 EPS for the quarter, missing analysts' consensus estimates of $1.46 by ($0.02). Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the business posted $1.35 earnings per share. Yum! Brands's revenue for the quarter was up 9.6% compared to the same quarter last year. Equities analysts forecast that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

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.