Yum! Brands, Inc. (NYSE:YUM) Shares Bought by Canton Hathaway LLC

Canton Hathaway LLC raised its stake in Yum! Brands, Inc. (NYSE:YUM) by 1.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,595 shares of the restaurant operator’s stock after buying an additional 100 shares during the quarter. Canton Hathaway LLC’s holdings in Yum! Brands were worth $635,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. lifted its position in Yum! Brands by 13.3% in the second quarter. BlackRock Inc. now owns 25,133,613 shares of the restaurant operator’s stock valued at $2,781,538,000 after buying an additional 2,947,074 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Yum! Brands by 2.0% during the second quarter. Vanguard Group Inc. now owns 23,449,609 shares of the restaurant operator’s stock worth $2,595,169,000 after purchasing an additional 452,824 shares in the last quarter. Sustainable Growth Advisers LP lifted its position in shares of Yum! Brands by 0.4% during the second quarter. Sustainable Growth Advisers LP now owns 4,525,321 shares of the restaurant operator’s stock worth $500,817,000 after purchasing an additional 18,214 shares in the last quarter. Northern Trust Corp lifted its position in shares of Yum! Brands by 1.0% during the second quarter. Northern Trust Corp now owns 3,954,878 shares of the restaurant operator’s stock worth $437,687,000 after purchasing an additional 39,444 shares in the last quarter. Finally, APG Asset Management N.V. lifted its position in shares of Yum! Brands by 41.3% during the second quarter. APG Asset Management N.V. now owns 3,505,024 shares of the restaurant operator’s stock worth $340,623,000 after purchasing an additional 1,024,300 shares in the last quarter. 75.26% of the stock is currently owned by institutional investors.

NYSE:YUM traded up $0.12 during mid-day trading on Friday, hitting $114.45. The stock had a trading volume of 1,760,484 shares, compared to its average volume of 1,612,081. The stock has a 50-day simple moving average of $114.73 and a two-hundred day simple moving average of $108.95. The company has a market capitalization of $34.26 billion, a PE ratio of 36.10, a PEG ratio of 2.37 and a beta of 0.50. Yum! Brands, Inc. has a twelve month low of $84.53 and a twelve month high of $119.72.



Yum! Brands (NYSE:YUM) last issued its earnings results on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.06. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Yum! Brands had a net margin of 24.29% and a negative return on equity of 13.02%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 earnings per share. As a group, equities analysts anticipate that Yum! Brands, Inc. will post 3.87 EPS for the current fiscal year.

Several analysts have recently issued reports on the stock. Tigress Financial reissued a “buy” rating on shares of Yum! Brands in a research report on Friday, July 12th. MKM Partners assumed coverage on shares of Yum! Brands in a research report on Tuesday, August 13th. They set a “neutral” rating and a $125.00 price target on the stock. Morgan Stanley increased their price target on shares of Yum! Brands from $106.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. increased their price target on shares of Yum! Brands from $97.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, June 28th. Finally, Credit Suisse Group assumed coverage on shares of Yum! Brands in a research report on Tuesday, June 25th. They set a “neutral” rating and a $106.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. Yum! Brands currently has an average rating of “Hold” and an average target price of $110.65.

In other Yum! Brands news, CFO David W. Gibbs sold 1,577 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $111.29, for a total value of $175,504.33. Following the transaction, the chief financial officer now directly owns 43,867 shares in the company, valued at $4,881,958.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Greg Creed sold 11,389 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $116.93, for a total transaction of $1,331,715.77. Following the completion of the transaction, the chief executive officer now owns 25,004 shares in the company, valued at $2,923,717.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,953 shares of company stock worth $2,653,229. 0.67% of the stock is owned by corporate insiders.

Yum! Brands Profile

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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Institutional Ownership by Quarter for Yum! Brands (NYSE:YUM)

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