Yum! Brands, Inc. (NYSE:YUM) Shares Acquired by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Yum! Brands, Inc. by 8.2%, owning a total of 107,880 shares valued at approximately $16.98 million after the increase.
• Insider activity saw CEO David W. Gibbs sell 7,117 shares at an average price of $146.60, resulting in a 6.47% decrease in his holdings.
• Yum! Brands reported earnings of $1.44 per share, missing expectations by $0.02, with revenue of $1.93 billion for the quarter, reflecting a 9.6% year-over-year increase.

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 8.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,880 shares of the restaurant operator's stock after acquiring an additional 8,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Yum! Brands were worth $16,976,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of YUM. Brighton Jones LLC grew its position in Yum! Brands by 8.0% in the 4th quarter. Brighton Jones LLC now owns 7,861 shares of the restaurant operator's stock valued at $1,055,000 after buying an additional 583 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in Yum! Brands by 9.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 23,661 shares of the restaurant operator's stock valued at $3,176,000 after buying an additional 2,054 shares during the last quarter. Mariner LLC grew its position in Yum! Brands by 2.2% in the 4th quarter. Mariner LLC now owns 60,392 shares of the restaurant operator's stock valued at $8,101,000 after buying an additional 1,316 shares during the last quarter. CreativeOne Wealth LLC grew its position in Yum! Brands by 3.7% in the 4th quarter. CreativeOne Wealth LLC now owns 9,101 shares of the restaurant operator's stock valued at $1,221,000 after buying an additional 321 shares during the last quarter. Finally, Jump Financial LLC grew its position in Yum! Brands by 68.5% in the 4th quarter. Jump Financial LLC now owns 5,508 shares of the restaurant operator's stock valued at $739,000 after buying an additional 2,239 shares during the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO David W. Gibbs sold 7,117 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were 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 owned 102,893 shares of the company's stock, valued at approximately $15,084,113.80. The trade was a 6.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Scott Mezvinsky sold 272 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $148.28, for a total transaction of $40,332.16. Following the transaction, the chief executive officer directly owned 1,755 shares of the company's stock, valued at approximately $260,231.40. This represents a 13.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,920 shares of company stock valued at $1,159,603 in the last three months. 0.33% of the stock is currently owned by corporate insiders.

Yum! Brands Trading Up 1.5%

Shares of YUM stock opened at $146.90 on Friday. The firm has a 50-day moving average price of $145.48 and a 200 day moving average price of $147.27. Yum! Brands, Inc. has a twelve month low of $122.13 and a twelve month high of $163.30. The company has a market capitalization of $40.77 billion, a price-to-earnings ratio of 28.97, a PEG ratio of 2.26 and a beta of 0.73.

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

Wall Street Analysts Forecast Growth

YUM has been the topic of a number of analyst reports. Melius initiated coverage on shares of Yum! Brands in a research report on Monday, July 14th. They issued a "buy" rating and a $200.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on shares of Yum! Brands from $162.00 to $160.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 6th. Oppenheimer restated an "outperform" rating and set a $185.00 target price on shares of Yum! Brands in a research report on Monday, April 28th. Evercore ISI decreased their target price on shares of Yum! Brands from $170.00 to $165.00 and set an "in-line" rating on the stock in a research report on Wednesday, August 6th. Finally, Morgan Stanley decreased their target price on shares of Yum! Brands from $153.00 to $151.00 and set an "equal weight" rating on the stock in a research report 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $161.23.

Yum! Brands 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.