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 Tuesday, October 15th. The shares were sold at an average price of $134.43, for a total transaction of $941,682.15. Following the completion of the transaction, the chief executive officer now owns 152,634 shares in the company, valued at $20,518,588.62. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Yum! Brands Stock Up 0.3 %

Shares of Yum! Brands stock opened at $133.73 on Friday. The stock has a market capitalization of $37.66 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 2.06 and a beta of 1.08. The company has a 50-day simple moving average of $135.07 and a 200 day simple moving average of $135.26. Yum! Brands, Inc. has a 12-month low of $118.28 and a 12-month high of $143.20.

Yum! Brands (NYSE:YUM) last announced its earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.02. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations 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 last year, the company posted $1.41 EPS. On average, equities analysts anticipate that Yum! Brands, Inc. will post 5.61 earnings per share for the current year.

Yum! Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were given 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 of this dividend was Tuesday, August 27th. Yum! Brands’s dividend payout ratio (DPR) is currently 47.52%.

Analysts Set New Price Targets

A number of research firms recently issued reports on YUM. Stifel Nicolaus lowered their target price on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. JPMorgan Chase & Co. increased their price target 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. Deutsche Bank Aktiengesellschaft increased their price target 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. Morgan Stanley reduced their price target on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. Finally, TD Cowen downgraded shares of Yum! Brands from a “buy” rating to a “hold” rating and reduced their price target for the company from $156.00 to $145.00 in a report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Yum! Brands has an average rating of “Hold” and a consensus price target of $144.56.

Institutional Investors Weigh In On Yum! Brands

Hedge funds have recently made changes to their positions in the company. Manchester Capital Management LLC increased its position in Yum! Brands by 165.7% in the 1st quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 116 shares in the last quarter. Ruedi Wealth Management Inc. increased its position in Yum! Brands by 79.8% in the 1st quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 83 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new stake in Yum! Brands in the 1st quarter valued at about $28,000. Crewe Advisors LLC acquired a new stake in Yum! Brands in the 1st quarter valued at about $28,000. Finally, DiNuzzo Private Wealth Inc. increased its position in Yum! Brands by 957.1% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 201 shares in the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

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.