P.r. Herzig Lowers stake in Yum! Brands (YUM)

Yum! Brands (YUM) : P.r. Herzig reduced its stake in Yum! Brands by 13.54% during the most recent quarter end. The investment management company now holds a total of 16,607 shares of Yum! Brands which is valued at $1,481,012 after selling 2,600 shares in Yum! Brands , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Yum! Brands makes up approximately 2.97% of P.r. Herzig’s portfolio.

Other Hedge Funds, Including , Private Bank Trust Co sold out all of its stake in YUM during the most recent quarter. The investment firm sold 3,470 shares of YUM which is valued $310,114.

Yum! Brands closed down -0.19 points or -0.21% at $89.18 with 47,94,154 shares getting traded on Friday. Post opening the session at $89.84, the shares hit an intraday low of $89.18 and an intraday high of $90.05 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 $1.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Oct 5, 2016. Analyst had a consensus of $1.10. The company had revenue of $3316.00 million for the quarter, compared to analysts expectations of $3487.70 million. The company’s revenue was down -3.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on Yum! Brands. RBC Capital Mkts Downgraded Yum! Brands on Sep 23, 2016 to ” Outperform”, Price Target of the shares are set at $97.

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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