Tiaa Fsb purchased a new position in Yum! Brands, Inc. (NYSE:YUM) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 16,026 shares of the restaurant operator’s stock, valued at approximately $1,182,000.

A number of other institutional investors have also modified their holdings of YUM. YorkBridge Wealth Partners LLC increased its stake in Yum! Brands by 49.0% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 1,557 shares of the restaurant operator’s stock worth $103,000 after purchasing an additional 512 shares in the last quarter. Acrospire Investment Management LLC purchased a new position in Yum! Brands in the 2nd quarter worth about $104,000. Kistler Tiffany Companies LLC increased its stake in Yum! Brands by 0.5% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock worth $113,000 after purchasing an additional 7 shares in the last quarter. Founders Capital Management increased its stake in Yum! Brands by 164.5% in the 2nd quarter. Founders Capital Management now owns 1,640 shares of the restaurant operator’s stock worth $121,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its stake in Yum! Brands by 5.9% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,031 shares of the restaurant operator’s stock worth $130,000 after purchasing an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 72.04% of the company’s stock.

A number of equities analysts recently weighed in on YUM shares. BidaskClub cut Yum! Brands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 1st. Royal Bank Of Canada reissued a “buy” rating and issued a $75.00 price target on shares of Yum! Brands in a research note on Thursday, June 15th. Instinet reissued a “buy” rating and issued a $78.00 price target on shares of Yum! Brands in a research note on Sunday, May 28th. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Thursday, July 20th. Finally, UBS AG lifted their price target on Yum! Brands from $76.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Fifteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $80.31.

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Shares of Yum! Brands, Inc. (YUM) opened at 75.97 on Friday. The firm has a market capitalization of $26.19 billion, a price-to-earnings ratio of 20.17 and a beta of 0.83. Yum! Brands, Inc. has a 12-month low of $59.57 and a 12-month high of $78.14. The company has a 50-day moving average price of $76.04 and a 200 day moving average price of $71.06.

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. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The business’s revenue was down 4.0% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. Equities research analysts expect that Yum! Brands, Inc. will post $2.81 earnings per share for the current fiscal year.

In other Yum! Brands news, CFO David W. Gibbs sold 8,336 shares of the firm’s 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 completion of the transaction, the chief financial officer now directly owns 39,664 shares in the company, valued at $2,935,136. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian R. Niccol sold 1,487 shares of the firm’s 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 transaction, the chief executive officer now owns 6,719 shares of the company’s stock, valued at $495,996.58. The disclosure for this sale can be found here. 7.38% of the stock is owned by company insiders.

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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