Victory Capital Management Inc. boosted its stake in shares of Yum Brands Inc. (NYSE:YUM) by 1.7% during the second quarter, Holdings Channel reports. The fund owned 11,926 shares of the restaurant operator’s stock after buying an additional 194 shares during the period. Victory Capital Management Inc.’s holdings in Yum Brands were worth $989,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P raised its position in Yum Brands by 7.5% in the first quarter. Loomis Sayles & Co. L P now owns 5,473,108 shares of the restaurant operator’s stock valued at $447,973,000 after buying an additional 382,331 shares during the period. Geode Capital Management LLC raised its position in Yum Brands by 0.8% in the first quarter. Geode Capital Management LLC now owns 3,357,178 shares of the restaurant operator’s stock valued at $274,229,000 after buying an additional 28,204 shares during the period. BlackRock Group LTD raised its position in Yum Brands by 0.4% in the first quarter. BlackRock Group LTD now owns 3,169,815 shares of the restaurant operator’s stock valued at $259,449,000 after buying an additional 11,248 shares during the period. UBS Asset Management Americas Inc. raised its position in Yum Brands by 4.5% in the first quarter. UBS Asset Management Americas Inc. now owns 2,580,954 shares of the restaurant operator’s stock valued at $211,252,000 after buying an additional 110,616 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Yum Brands by 5.0% in the second quarter. Ameriprise Financial Inc. now owns 2,250,946 shares of the restaurant operator’s stock valued at $186,647,000 after buying an additional 106,553 shares during the period. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Yum Brands Inc. (NYSE:YUM) traded up 1.09% during trading on Thursday, reaching $90.61. The company’s stock had a trading volume of 786,789 shares. The stock has a 50-day moving average price of $89.37 and a 200 day moving average price of $84.29. Yum Brands Inc. has a 52-week low of $64.58 and a 52-week high of $91.99. The company has a market cap of $35.33 billion, a PE ratio of 27.31 and a beta of 0.81.

Yum Brands (NYSE:YUM) last announced its quarterly earnings results on Wednesday, July 13th. The restaurant operator reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The company earned $3.01 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Yum Brands had a return on equity of 213.02% and a net margin of 10.97%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 earnings per share. On average, analysts expect that Yum Brands Inc. will post $3.69 EPS for the current year.

Several research firms have weighed in on YUM. Credit Suisse Group AG reaffirmed a “neutral” rating and set a $84.00 price target on shares of Yum Brands in a research report on Thursday, July 14th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $97.00 price target on shares of Yum Brands in a research report on Thursday, July 14th. Barclays PLC reaffirmed an “equal weight” rating and set a $83.00 price target on shares of Yum Brands in a research report on Friday, July 15th. Zacks Investment Research lowered Yum Brands from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Yum Brands in a research report on Sunday, July 17th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $88.94.

In other news, CEO Roger G. Eaton sold 44,952 shares of Yum Brands stock in a transaction on Friday, July 15th. The stock was sold at an average price of $88.53, for a total value of $3,979,600.56. Following the completion of the transaction, the chief executive officer now directly owns 244,274 shares in the company, valued at $21,625,577.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Tracy L. Skeans sold 1,793 shares of Yum Brands stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $90.02, for a total value of $161,405.86. The disclosure for this sale can be found here. 7.38% of the stock is owned by insiders.

About Yum Brands

YUM! Brands, Inc (YUM) is engaged in restaurant business. The Company develops, operates, franchises and licenses an across the world system of restaurants, which prepare, package and sell a menu of food items, primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts). YUM operates through four segments: YUM China (China Division), which includes all operations in mainland China; The KFC Division, which includes all operations of the KFC concept outside of China Division; The Pizza Hut Division, which includes all operations of the Pizza Hut concept outside of China Division, and the Taco Bell Division, which includes all operations of the Taco Bell concept.

5 Day Chart for NYSE:YUM

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