Yum! Brands, Inc. $YUM Shares Sold by Credit Agricole S A

Key Points

• Credit Agricole S A reduced its stake in Yum! Brands by 28.3%, now holding 65,009 shares valued at approximately $10.23 million.
• GAMMA Investing LLC significantly increased its holdings in Yum! Brands by 14,795.6%, now owning 769,805 shares valued at about $121.14 million.
• Yum! Brands reported a quarterly earnings miss with EPS at $1.44, falling short of the consensus estimate of $1.46, alongside a revenue of $1.93 billion.

Credit Agricole S A cut its holdings in Yum! Brands, Inc. (NYSE:YUM - Free Report) by 28.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,009 shares of the restaurant operator's stock after selling 25,702 shares during the quarter. Credit Agricole S A's holdings in Yum! Brands were worth $10,230,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in YUM. GAMMA Investing LLC boosted its holdings in shares of Yum! Brands by 14,795.6% in the first quarter. GAMMA Investing LLC now owns 769,805 shares of the restaurant operator's stock valued at $121,137,000 after acquiring an additional 764,637 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Yum! Brands in the first quarter valued at about $97,453,000. Northern Trust Corp boosted its holdings in shares of Yum! Brands by 20.4% in the fourth quarter. Northern Trust Corp now owns 3,545,872 shares of the restaurant operator's stock valued at $475,714,000 after acquiring an additional 601,361 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Yum! Brands by 1.4% in the first quarter. Vanguard Group Inc. now owns 34,109,219 shares of the restaurant operator's stock valued at $5,367,427,000 after acquiring an additional 483,918 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Yum! Brands in the fourth quarter valued at about $43,944,000. Hedge funds and other institutional investors own 82.37% of the company's stock.

Insider Activity at Yum! Brands

In related news, COO Tracy L. Skeans sold 12,220 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $148.24, for a total transaction of $1,811,492.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $1,043,352.20. Following the transaction, the chief executive officer directly owned 102,893 shares of the company's stock, valued at $15,084,113.80. This trade represents a 6.47% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,284 shares of company stock worth $4,310,663. 0.33% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on YUM shares. Sanford C. Bernstein set a $164.00 target price on shares of Yum! Brands in a report on Tuesday, August 5th. Morgan Stanley decreased their price objective on shares of Yum! Brands from $153.00 to $151.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. Wells Fargo & Company decreased their price objective on shares of Yum! Brands from $160.00 to $155.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. Guggenheim reaffirmed a "buy" rating and issued a $167.00 price target (up previously from $165.00) on shares of Yum! Brands in a report on Monday, August 4th. Finally, Evercore ISI reduced their price target on shares of Yum! Brands from $170.00 to $165.00 and set an "in-line" rating on the stock in a report on Wednesday, August 6th. Ten research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $161.23.

Yum! Brands Price Performance

NYSE:YUM opened at $149.2170 on Thursday. The firm has a 50 day simple moving average of $145.96 and a 200-day simple moving average of $147.82. The firm has a market cap of $41.41 billion, a PE ratio of 29.43, a P/E/G ratio of 2.37 and a beta of 0.73. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30.

Yum! Brands (NYSE:YUM - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company posted $1.35 EPS. The business's revenue for the quarter was up 9.6% on a year-over-year basis. As a group, sell-side analysts expect that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

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.

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