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 the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $134.43, for a total transaction of $941,682.15. Following the completion of the sale, the chief executive officer now owns 155,883 shares in the company, valued at approximately $20,955,351.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Yum! Brands Trading Down 1.6 %

Shares of NYSE YUM opened at $132.35 on Wednesday. Yum! Brands, Inc. has a 1 year low of $115.53 and a 1 year high of $143.20. The firm’s 50-day moving average is $133.27 and its 200-day moving average is $135.68. The firm has a market capitalization of $37.21 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 2.06 and a beta of 1.08.

Yum! Brands (NYSE:YUM) last released its earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, topping 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 quarter in the previous year, the business earned $1.41 EPS. As a group, equities research analysts anticipate that Yum! Brands, Inc. will post 5.62 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum! Brands’s payout ratio is 47.52%.

Hedge Funds Weigh In On Yum! Brands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in YUM. Vanguard Group Inc. raised its position in shares of Yum! Brands by 24.0% in the 1st quarter. Vanguard Group Inc. now owns 29,012,969 shares of the restaurant operator’s stock valued at $4,022,648,000 after acquiring an additional 5,607,517 shares during the period. Capital World Investors increased its stake in Yum! Brands by 23.7% in the first quarter. Capital World Investors now owns 18,121,611 shares of the restaurant operator’s stock valued at $2,512,561,000 after purchasing an additional 3,470,883 shares in the last quarter. Capital International Investors boosted its position in shares of Yum! Brands by 10.2% during the first quarter. Capital International Investors now owns 14,669,356 shares of the restaurant operator’s stock worth $2,033,906,000 after purchasing an additional 1,362,813 shares in the last quarter. Sustainable Growth Advisers LP boosted its position in shares of Yum! Brands by 2.1% during the first quarter. Sustainable Growth Advisers LP now owns 5,939,663 shares of the restaurant operator’s stock worth $823,534,000 after purchasing an additional 121,285 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Yum! Brands by 3.4% in the 2nd quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock valued at $419,123,000 after buying an additional 104,328 shares during the period. Institutional investors own 82.37% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. TD Cowen restated a “buy” rating and issued a $156.00 price target on shares of Yum! Brands in a research report on Thursday, September 12th. Robert W. Baird lifted their target price on Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Morgan Stanley cut their price target on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. Evercore ISI lowered Yum! Brands from an “outperform” rating to an “inline” rating and decreased their price objective for the stock from $160.00 to $145.00 in a report on Tuesday, July 16th. Finally, The Goldman Sachs Group initiated coverage on Yum! Brands in a research note on Thursday, June 13th. They issued a “neutral” rating and a $150.00 target price for the company. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Yum! Brands currently has an average rating of “Hold” and a consensus price target of $145.25.

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.