These 5 Prominent Stocks Are Making Notable Moves Today

Sliding Profit Not Enough to Stop American Express

American Express Company (NYSE:AXP) is up by 1.31% this afternoon after the company published its first quarter 2016 earnings after the market close Wednesday. The credit card company reported revenue of $8.09 billion and EPS of $1.45, beating analysts’ expectations on both fronts. However, profit declined by 6.5% year-over-year as the company increased its spending to attract new customers, raising expenses to $5.5 billion, up by 5% year-over-year.

Overall, 53 hedge funds in our system held stakes in American Express Company (NYSE:AXP) at the end of the fourth quarter with a total value of approximately $14.0 billion.

Yum Brands Slips Despite Strong Performance in China 

Yum! Brands, Inc. (NYSE:YUM) shares have dipped by 1.28% after initially surging out of the gates this morning. The company released its earnings report on Wednesday, which showed better-than-expected results. The restaurant holding company reported earnings per share of $0.95 and revenue of $2.62 billion. While revenue slightly missed expectations $2.66 billion, EPS beat estimates by a healthy $0.12. Perhaps more importantly, its operations in China experienced growth of 42% and core operating profit surged by 21% in the first quarter, according to Yum! Brands’ CEO Greg Creed. Worldwide sales increased by 5% year-over-year.

51 hedge funds in our database held positions in Yum! Brands, Inc. (NYSE:YUM) at the end of last year, with their holdings collectively valued at $3.7 billion.

Mattel Sinks on Weak Barbie Sales

Shares of Mattel, Inc. (NASDAQ:MAT) have sunk by 6.69% today after the company revealed disappointing first quarter results yesterday. The toy company was hit by declining sales of its iconic Barbie doll, posting a loss of $0.13 per share, or $73.0 million, much higher than the year-ago quarter’s $58.2 million loss. Total revenue for the quarter came in at $869.40 million, which did beat analysts’ consensus estimate of $859.18 million. The sales of Barbie dolls tumbled by 3.4% during the quarter. The results are a stark contrast to rival Hasbro, Inc. (NASDAQ:HAS)‘s results, which trounced estimates on strong Star Wars sales earlier this week.

21 funds in our system held long positions in Mattel, Inc. (NASDAQ:MAT) at the end of 2015. John W. Rogers’ Ariel Investments owned one of the biggest stakes in the company, amounting to approximately 5.86 million shares of the company.

Disclosure: None