Payden & Rygel held its stake in Yum! Brands, Inc. (NYSE:YUM) during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 161,900 shares of the restaurant operator’s stock at the close of the 2nd quarter. Payden & Rygel’s holdings in Yum! Brands were worth $11,942,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Kistler Tiffany Companies LLC grew its stake in shares of Yum! Brands by 0.5% during the second quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock worth $113,000 after acquiring an additional 7 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its position in Yum! Brands by 49.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,557 shares of the restaurant operator’s stock valued at $103,000 after buying an additional 512 shares during the last quarter. Founders Capital Management boosted its position in Yum! Brands by 164.5% in the second quarter. Founders Capital Management now owns 1,640 shares of the restaurant operator’s stock valued at $121,000 after buying an additional 1,020 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in Yum! Brands by 5.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,031 shares of the restaurant operator’s stock valued at $130,000 after buying an additional 114 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in Yum! Brands by 38.2% in the first quarter. Parallel Advisors LLC now owns 2,202 shares of the restaurant operator’s stock valued at $150,000 after buying an additional 609 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

In related news, CFO David W. Gibbs sold 8,336 shares of Yum! Brands stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total value of $616,864.00. Following the sale, the chief financial officer now directly owns 39,664 shares in the company, valued at $2,935,136. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Brian R. Niccol sold 1,487 shares of Yum! Brands stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $73.82, for a total value of $109,770.34. Following the completion of the sale, the chief executive officer now owns 6,719 shares in the company, valued at $495,996.58. The disclosure for this sale can be found here. 7.38% of the stock is owned by insiders.

A number of equities research analysts recently commented on YUM shares. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, August 1st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $83.00 target price on shares of Yum! Brands in a research report on Monday. BidaskClub lowered Yum! Brands from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 1st. Deutsche Bank AG reiterated a “hold” rating and issued a $75.00 target price (up previously from $71.00) on shares of Yum! Brands in a research report on Monday, July 10th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $78.00 target price (up previously from $75.00) on shares of Yum! Brands in a research report on Tuesday, May 30th. Fifteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Yum! Brands presently has a consensus rating of “Buy” and an average price target of $80.31.

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Shares of Yum! Brands, Inc. (NYSE:YUM) traded up 0.49% on Thursday, hitting $77.51. The stock had a trading volume of 222,411 shares. The firm’s 50-day moving average is $75.88 and its 200-day moving average is $70.66. Yum! Brands, Inc. has a one year low of $59.57 and a one year high of $78.14. The company has a market cap of $26.72 billion, a price-to-earnings ratio of 20.58 and a beta of 0.83.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.07. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the business earned $0.75 earnings per share. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, analysts expect that Yum! Brands, Inc. will post $2.81 EPS for the current fiscal year.

Yum! Brands Company Profile

YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.

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

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