Yum! Brands, Inc. (NYSE:YUM) CEO David W. Gibbs Sells 5,139 Shares

Yum! Brands, Inc. (NYSE:YUM) CEO David W. Gibbs sold 5,139 shares of Yum! Brands stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $146.70, for a total value of $753,891.30. Following the completion of the sale, the chief executive officer now directly owns 157,893 shares in the company, valued at approximately $23,162,903.10. This represents a 3.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Yum! Brands Stock Down 1.4 %

Shares of YUM stock opened at $142.68 on Thursday. The business has a fifty day simple moving average of $152.36 and a 200 day simple moving average of $140.13. The company has a market cap of $39.82 billion, a P/E ratio of 27.33, a P/E/G ratio of 2.31 and a beta of 0.90. Yum! Brands, Inc. has a twelve month low of $122.13 and a twelve month high of $163.30.

Yum! Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a $0.71 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.99%. This is a boost from Yum! Brands’s previous quarterly dividend of $0.67. Yum! Brands’s dividend payout ratio is 54.41%.

Institutional Investors Weigh In On Yum! Brands

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Morse Asset Management Inc acquired a new stake in shares of Yum! Brands during the 3rd quarter valued at $42,000. Bard Financial Services Inc. acquired a new position in Yum! Brands in the third quarter valued at $713,000. Anchor Investment Management LLC increased its holdings in Yum! Brands by 7.4% in the third quarter. Anchor Investment Management LLC now owns 1,329 shares of the restaurant operator’s stock worth $186,000 after purchasing an additional 92 shares in the last quarter. Wilmington Savings Fund Society FSB grew its stake in shares of Yum! Brands by 128.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 9,128 shares of the restaurant operator’s stock valued at $1,275,000 after buying an additional 5,134 shares during the period. Finally, Tidal Investments LLC increased its stake in Yum! Brands by 54.4% during the 3rd quarter. Tidal Investments LLC now owns 47,604 shares of the restaurant operator’s stock valued at $6,651,000 after purchasing an additional 16,767 shares in the last quarter. 82.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

YUM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on Yum! Brands from $138.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, March 20th. Oppenheimer upped their price objective on shares of Yum! Brands from $154.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Cowen restated a “hold” rating on shares of Yum! Brands in a research note on Wednesday, March 5th. Argus upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research note on Tuesday, December 31st. Finally, UBS Group raised their price objective on shares of Yum! Brands from $156.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Sixteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $152.71.

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.