Cerebellum GP LLC Takes Position in Yum! Brands, Inc. (YUM)

Cerebellum GP LLC acquired a new stake in Yum! Brands, Inc. (NYSE:YUM) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 2,792 shares of the restaurant operator’s stock, valued at approximately $256,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. CENTRAL TRUST Co grew its position in shares of Yum! Brands by 0.9% during the 4th quarter. CENTRAL TRUST Co now owns 26,707 shares of the restaurant operator’s stock valued at $2,455,000 after purchasing an additional 235 shares in the last quarter. Moody National Bank Trust Division grew its position in shares of Yum! Brands by 1.6% during the 4th quarter. Moody National Bank Trust Division now owns 16,260 shares of the restaurant operator’s stock valued at $1,494,000 after purchasing an additional 260 shares in the last quarter. Park National Corp OH grew its position in shares of Yum! Brands by 3.3% during the 4th quarter. Park National Corp OH now owns 4,677 shares of the restaurant operator’s stock valued at $430,000 after purchasing an additional 151 shares in the last quarter. Federated Investors Inc. PA grew its position in shares of Yum! Brands by 608.2% during the 3rd quarter. Federated Investors Inc. PA now owns 721,958 shares of the restaurant operator’s stock valued at $65,633,000 after purchasing an additional 620,015 shares in the last quarter. Finally, Marshall Wace North America L.P. grew its position in shares of Yum! Brands by 186.8% during the 3rd quarter. Marshall Wace North America L.P. now owns 113,171 shares of the restaurant operator’s stock valued at $10,288,000 after purchasing an additional 73,711 shares in the last quarter. Institutional investors and hedge funds own 70.78% of the company’s stock.

In other news, CEO Roger G. Eaton sold 44,823 shares of the company’s stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $90.54, for a total transaction of $4,058,274.42. Following the completion of the transaction, the chief executive officer now directly owns 160,726 shares of the company’s stock, valued at $14,552,132.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David W. Gibbs sold 6,366 shares of the company’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $87.87, for a total transaction of $559,380.42. Following the transaction, the chief financial officer now directly owns 47,764 shares of the company’s stock, valued at $4,197,022.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,771 shares of company stock valued at $5,836,523. Insiders own 0.63% of the company’s stock.

Shares of NYSE:YUM opened at $90.94 on Friday. The stock has a market cap of $28.46 billion, a PE ratio of 30.72, a PEG ratio of 1.88 and a beta of 0.70. Yum! Brands, Inc. has a 12 month low of $75.88 and a 12 month high of $94.13.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Wednesday, October 31st. The restaurant operator reported $1.04 EPS for the quarter, beating the consensus estimate of $0.83 by $0.21. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. Yum! Brands had a net margin of 28.81% and a negative return on equity of 17.89%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share. On average, sell-side analysts predict that Yum! Brands, Inc. will post 3.72 EPS for the current year.

A number of research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research report on Monday, November 26th. Gordon Haskett assumed coverage on shares of Yum! Brands in a research report on Thursday, October 18th. They set a “hold” rating and a $90.00 price target for the company. BTIG Research boosted their price target on shares of Yum! Brands from $92.00 to $102.00 and gave the company a “buy” rating in a research report on Wednesday, October 10th. Robert W. Baird boosted their price target on shares of Yum! Brands from $94.00 to $105.00 and gave the company an “outperform” rating in a research report on Thursday, November 1st. Finally, Stifel Nicolaus lowered shares of Yum! Brands from a “buy” rating to a “hold” rating and set a $94.00 price target for the company. in a research report on Tuesday, October 23rd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $90.41.

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Yum! Brands Profile

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

Further Reading: Cost of Capital Explained

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

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