K.j. Harrison Partners Inc Lowers stake in Yum! Brands (YUM)

Yum! Brands (YUM) : K.j. Harrison Partners Inc reduced its stake in Yum! Brands by 17.94% during the most recent quarter end. The investment management company now holds a total of 16,700 shares of Yum! Brands which is valued at $1,498,324 after selling 3,650 shares in Yum! Brands , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Yum! Brands makes up approximately 0.78% of K.j. Harrison Partners Inc’s portfolio.

Other Hedge Funds, Including , Smith Asset Management Group Lp added YUM to its portfolio by purchasing 202,780 company shares during the most recent quarter which is valued at $18,193,422. Yum! Brands makes up approx 0.53% of Smith Asset Management Group Lp’s portfolio.Mitchell Mcleod Pugh Williams Inc boosted its stake in YUM in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 17,885 shares of Yum! Brands which is valued at $1,566,726. Yum! Brands makes up approx 1.16% of Mitchell Mcleod Pugh Williams Inc’s portfolio.Jacobs Coca boosted its stake in YUM in the latest quarter, The investment management firm added 2,045 additional shares and now holds a total of 35,130 shares of Yum! Brands which is valued at $3,012,046. Yum! Brands makes up approx 0.69% of Jacobs Coca’s portfolio. Hefty Wealth Partners sold out all of its stake in YUM during the most recent quarter. The investment firm sold 410 shares of YUM which is valued $35,153.

Yum! Brands closed down -0.84 points or -0.93% at $89.42 with 21,02,793 shares getting traded on Friday. Post opening the session at $90.09, the shares hit an intraday low of $89.3 and an intraday high of $90.36 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Yum! Brands reported $0.75 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 13, 2016. Analyst had a consensus of $0.74. The company had revenue of $3008.00 million for the quarter, compared to analysts expectations of $3092.13 million. The company’s revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.69 EPS.

YUM! Brands Inc. (YUM) is engaged in restaurant business. YUM develops operates franchises and licenses a system of both traditional and non-traditional Quick Service Restaurants (QSR) which prepare package and sell a menu of food items. YUM operates in five segments: YUM China which includes all operations in mainland China; YUM India which includes all operations in India Bangladesh Nepal and Sri Lanka; The KFC Division which includes all operations of the KFC concept outside of China Division and India Division; The Pizza Hut Division which includes all operations of the Pizza Hut concept outside of China Division and India Division; and the Taco Bell Division which includes all operations of the Taco Bell concept outside of India Division. Its three Concepts focus on the chicken pizza and Mexican-style food categories. The Company operates approximately 41000 restaurants in approximately 125 countries and territories.

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