Standard Life Investments LTD purchased a new stake in Yum! Brands, Inc. (NYSE:YUM) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 429,785 shares of the restaurant operator’s stock, valued at approximately $31,708,000. Standard Life Investments LTD owned approximately 0.12% of Yum! Brands as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Norinchukin Bank The boosted its position in Yum! Brands by 3.3% in the second quarter. Norinchukin Bank The now owns 48,937 shares of the restaurant operator’s stock valued at $3,610,000 after buying an additional 1,550 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Yum! Brands by 5.9% in the second quarter. Ameriprise Financial Inc. now owns 2,405,149 shares of the restaurant operator’s stock valued at $177,414,000 after buying an additional 133,158 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position in Yum! Brands by 0.7% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 68,776 shares of the restaurant operator’s stock valued at $5,073,000 after buying an additional 500 shares in the last quarter. Hugh Johnson Advisors LLC boosted its position in Yum! Brands by 11.2% in the second quarter. Hugh Johnson Advisors LLC now owns 3,776 shares of the restaurant operator’s stock valued at $279,000 after buying an additional 380 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in Yum! Brands by 25.7% in the second quarter. Teachers Advisors LLC now owns 556,212 shares of the restaurant operator’s stock valued at $41,026,000 after buying an additional 113,582 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

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Yum! Brands, Inc. (NYSE YUM) traded down 1.21% on Friday, hitting $76.23. 432,472 shares of the stock traded hands. The company has a market cap of $26.28 billion, a price-to-earnings ratio of 20.24 and a beta of 0.83. The stock has a 50-day moving average price of $76.02 and a 200 day moving average price of $70.75. Yum! Brands, Inc. has a 1-year low of $59.57 and a 1-year high of $78.14.

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

In other Yum! Brands news, CEO Brian R. Niccol sold 1,487 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $73.82, for a total transaction of $109,770.34. Following the completion of the sale, the chief executive officer now owns 6,719 shares in the company, valued at approximately $495,996.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David W. Gibbs sold 8,336 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $74.00, for a total transaction of $616,864.00. Following the sale, the chief financial officer now owns 39,664 shares of the company’s stock, valued at approximately $2,935,136. The disclosure for this sale can be found here. Insiders own 7.38% of the company’s stock.

YUM has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Yum! Brands from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $75.00 target price on shares of Yum! Brands in a research note on Thursday, June 15th. Instinet reaffirmed a “buy” rating and issued a $78.00 target price on shares of Yum! Brands in a research note on Sunday, May 28th. Zacks Investment Research raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Thursday, July 20th. Finally, UBS AG boosted their target price on shares of Yum! Brands from $76.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Fifteen 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’s stock. Yum! Brands has a consensus rating of “Buy” and a consensus price target of $80.31.

About Yum! Brands

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.

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

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