Evercore Trust Company N.a. Lowers stake in Yum! Brands (YUM)

Yum! Brands (YUM) : Evercore Trust Company N.a. reduced its stake in Yum! Brands by 1.54% during the most recent quarter end. The investment management company now holds a total of 2,492,818 shares of Yum! Brands which is valued at $224,253,907 after selling 38,932 shares in Yum! Brands , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Yum! Brands makes up approximately 0.71% of Evercore Trust Company N.a.’s portfolio.

Other Hedge Funds, Including , Pinebridge Investments boosted its stake in YUM in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 685 shares of Yum! Brands which is valued at $61,623.State Board Of Administration Of Florida Retirement System boosted its stake in YUM in the latest quarter, The investment management firm added 76,091 additional shares and now holds a total of 595,220 shares of Yum! Brands which is valued at $52,819,823. Yum! Brands makes up approx 0.16% of State Board Of Administration Of Florida Retirement System’s portfolio.Gateway Investment Advisers reduced its stake in YUM by selling 398 shares or 1.2% in the most recent quarter. The Hedge Fund company now holds 32,703 shares of YUM which is valued at $2,803,955. Yum! Brands makes up approx 0.02% of Gateway Investment Advisers’s portfolio.

Yum! Brands closed down -1.45 points or -1.60% at $89.31 with 25,19,366 shares getting traded on Friday. Post opening the session at $90.46, the shares hit an intraday low of $89.27 and an intraday high of $90.57 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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