Yum! Brands, Inc. (NYSE:YUM) CEO Sells $941,682.15 in Stock

Yum! Brands, Inc. (NYSE:YUM) CEO David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $134.43, for a total transaction of $941,682.15. Following the sale, the chief executive officer now owns 152,634 shares in the company, valued at approximately $20,518,588.62. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Yum! Brands Trading Up 0.4 %

Shares of YUM opened at $134.27 on Friday. The firm has a market capitalization of $37.81 billion, a P/E ratio of 23.81, a P/E/G ratio of 2.06 and a beta of 1.08. Yum! Brands, Inc. has a 12-month low of $118.28 and a 12-month high of $143.20. The firm has a fifty day moving average price of $135.02 and a 200-day moving average price of $135.21.

Yum! Brands (NYSE:YUM) last issued its earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.02. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. During the same period in the previous year, the firm earned $1.41 earnings per share. Analysts predict that Yum! Brands, Inc. will post 5.61 earnings per share for the current year.

Yum! Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Tuesday, August 27th. Yum! Brands’s dividend payout ratio is currently 47.52%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on YUM. Morgan Stanley reduced their price objective on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Yum! Brands from $143.00 to $147.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. TD Cowen lowered shares of Yum! Brands from a “buy” rating to a “hold” rating and cut their target price for the company from $156.00 to $145.00 in a report on Wednesday. Robert W. Baird raised their target price on shares of Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $144.56.

Institutional Trading of Yum! Brands

Large investors have recently made changes to their positions in the stock. Deseret Mutual Benefit Administrators raised its holdings in shares of Yum! Brands by 3.9% in the second quarter. Deseret Mutual Benefit Administrators now owns 2,049 shares of the restaurant operator’s stock valued at $271,000 after acquiring an additional 76 shares in the last quarter. Legacy Financial Advisors Inc. raised its holdings in shares of Yum! Brands by 2.2% in the second quarter. Legacy Financial Advisors Inc. now owns 3,460 shares of the restaurant operator’s stock valued at $458,000 after acquiring an additional 76 shares in the last quarter. Wesbanco Bank Inc. raised its holdings in shares of Yum! Brands by 1.9% in the second quarter. Wesbanco Bank Inc. now owns 4,169 shares of the restaurant operator’s stock valued at $552,000 after acquiring an additional 78 shares in the last quarter. Diversified Trust Co raised its holdings in shares of Yum! Brands by 2.4% in the third quarter. Diversified Trust Co now owns 3,321 shares of the restaurant operator’s stock valued at $464,000 after acquiring an additional 79 shares in the last quarter. Finally, Choreo LLC raised its holdings in shares of Yum! Brands by 1.6% in the first quarter. Choreo LLC now owns 5,312 shares of the restaurant operator’s stock valued at $737,000 after acquiring an additional 82 shares in the last quarter. 82.37% of the stock is owned by hedge funds and other institutional investors.

Yum! Brands Company Profile

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division segments. It also operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.