Summitview Investment Management Exits Position in Yum! Brands (YUM)

Yum! Brands (YUM) : Summitview Investment Management has sold out all of its stake in Yum! Brands during the most recent quarter, according to the disclosure filed by the company on Aug 11, 2016 with the SEC. The investment management company has sold out 563,126 shares of Yum! Brands which is valued at $50,658,815.

Other Hedge Funds, Including , Paragon Capital Management Ltd reduced its stake in YUM by selling 257 shares or 6.74% in the most recent quarter. The Hedge Fund company now holds 3,558 shares of YUM which is valued at $320,576. Yum! Brands makes up approx 0.17% of Paragon Capital Management Ltd’s portfolio.St. Johns Investment Management Company reduced its stake in YUM by selling 218 shares or 2.12% in the most recent quarter. The Hedge Fund company now holds 10,089 shares of YUM which is valued at $886,520. Yum! Brands makes up approx 0.78% of St. Johns Investment Management Company’s portfolio. Cribstone Capital Management added YUM to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $17,574. Yum! Brands makes up approx 0.01% of Cribstone Capital Management’s portfolio.

Yum! Brands opened for trading at $90 and hit $90.8 on the upside on Tuesday, eventually ending the session at $90.3, with a gain of 0.56% or 0.5 points. The heightened volatility saw the trading volume jump to 17,15,538 shares. Company has a market cap of $35,207 M.

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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