Public Sector Pension investment Board lowered its position in Yum! Brands, Inc. (NYSE:YUM) by 50.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,002 shares of the restaurant operator’s stock after selling 38,500 shares during the period. Public Sector Pension investment Board’s holdings in Yum! Brands were worth $2,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Acrospire Investment Management LLC bought a new stake in Yum! Brands in the second quarter worth about $104,000. Kistler Tiffany Companies LLC lifted its stake in Yum! Brands by 0.5% in the second 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 during the last quarter. Founders Capital Management lifted its stake in Yum! Brands by 164.5% in the second 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 during the last quarter. Bruderman Asset Management LLC bought a new stake in Yum! Brands in the second quarter worth about $148,000. Finally, Bronfman E.L. Rothschild L.P. lifted its stake 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 worth $130,000 after purchasing an additional 114 shares during the last quarter. 72.04% of the stock is owned by institutional investors and hedge funds.

Several analysts have issued reports on YUM shares. Robert W. Baird reissued a “hold” rating and issued a $78.00 price objective on shares of Yum! Brands in a research note on Friday, September 8th. Deutsche Bank AG reissued a “hold” rating and issued a $71.00 price objective (up previously from $68.00) on shares of Yum! Brands in a research note on Tuesday, May 30th. Zacks Investment Research raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Thursday, July 20th. CIBC raised their price objective on shares of Yum! Brands from $75.00 to $78.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 30th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $83.00 price objective on shares of Yum! Brands in a research note on Monday, September 11th. Fifteen investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $80.31.

Yum! Brands (NYSE:YUM) last released its earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.07. The company had revenue of $1.45 billion for 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%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 EPS.

In other Yum! Brands news, CFO David W. Gibbs sold 8,336 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were 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 of the company’s stock, valued at approximately $2,935,136. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Brian R. Niccol sold 1,487 shares of the stock in a transaction that occurred 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 directly owns 6,719 shares in the company, valued at $495,996.58. The disclosure for this sale can be found here. 0.65% of the stock is owned by corporate insiders.

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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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