Yum! Brands, Inc. (NYSE:YUM) Sees Significant Decrease in Short Interest

Yum! Brands, Inc. (NYSE:YUM) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 5,325,100 shares, a drop of 6.3% from the May 15th total of 5,681,800 shares. Currently, 1.7% of the company’s shares are sold short. Based on an average daily volume of 1,420,000 shares, the days-to-cover ratio is currently 3.8 days.

In related news, CFO David W. Gibbs sold 1,577 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $111.29, for a total value of $175,504.33. Following the completion of the transaction, the chief financial officer now owns 43,867 shares in the company, valued at approximately $4,881,958.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Greg Creed sold 44,949 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $105.82, for a total value of $4,756,503.18. Following the sale, the chief executive officer now owns 158,745 shares of the company’s stock, valued at $16,798,395.90. The disclosure for this sale can be found here. Insiders sold a total of 58,458 shares of company stock valued at $6,203,386 in the last quarter. 0.67% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Private Vista LLC bought a new stake in Yum! Brands in the second quarter valued at approximately $295,000. Destination Wealth Management grew its position in Yum! Brands by 14.7% during the second quarter. Destination Wealth Management now owns 1,948 shares of the restaurant operator’s stock worth $216,000 after buying an additional 250 shares in the last quarter. FDx Advisors Inc. grew its position in Yum! Brands by 135.4% during the second quarter. FDx Advisors Inc. now owns 5,035 shares of the restaurant operator’s stock worth $557,000 after buying an additional 2,896 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Yum! Brands by 4.1% during the second quarter. Robeco Institutional Asset Management B.V. now owns 340,223 shares of the restaurant operator’s stock worth $37,650,000 after buying an additional 13,527 shares in the last quarter. Finally, Focused Wealth Management Inc acquired a new stake in Yum! Brands during the second quarter worth approximately $133,000. 74.85% of the stock is owned by institutional investors.

YUM has been the topic of a number of recent analyst reports. UBS Group reissued a “buy” rating and issued a GBX 2,900 ($37.89) price objective on shares of Royal Dutch Shell in a research note on Wednesday, May 29th. Zacks Investment Research downgraded HANNOVER RUECK/S from a “hold” rating to a “sell” rating in a research note on Monday, April 22nd. Credit Suisse Group started coverage on Arco Platform in a report on Tuesday, June 25th. They issued a “neutral” rating on the stock. Citigroup lowered First Quantum Minerals from a “buy” rating to a “neutral” rating and lowered their target price for the company from C$18.00 to C$13.00 in a report on Tuesday, May 21st. Finally, Longbow Research reissued a “hold” rating on shares of Snap-on in a report on Monday, July 1st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. Yum! Brands currently has an average rating of “Hold” and an average target price of $101.50.

YUM traded down $0.53 during trading on Friday, hitting $112.53. The company’s stock had a trading volume of 1,387,697 shares, compared to its average volume of 1,367,769. The company’s 50 day moving average price is $109.44. Yum! Brands has a 12 month low of $77.68 and a 12 month high of $113.59. The company has a market capitalization of $34.43 billion, a PE ratio of 35.50, a price-to-earnings-growth ratio of 2.41 and a beta of 0.58.

Yum! Brands (NYSE:YUM) last released its earnings results on Wednesday, May 1st. The restaurant operator reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.02. Yum! Brands had a negative return on equity of 13.06% and a net margin of 24.61%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the company posted $0.90 earnings per share. The firm’s quarterly revenue was down 8.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Yum! Brands will post 3.82 EPS for the current year.

Yum! Brands Company 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.

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